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Investing for your grandchild

As your grandchild grows up, you'll watch as their ambitions and dreams grow too. Wouldn't it be great to put some money away regularly that could grow with them?

Ways to invest for your grandchild

If you've decided to start investing, there are a couple of different ways for grandparents to do so. You could set aside some money yourself using your own tax allowance. Or you could also contribute to the Junior ISA your grandchild already has. Let's break it down a little more:

Using your ISA allowance

You can invest for your grandchildren using your own ISA allowance. This might be handy if your grandchild doesn't have a Junior ISA or if they've already used up their yearly allowance. It also puts you in control of when you give them the money.

Investment ISAs are medium to long term investments (5 or 10 years) that use the long-term growth potential of the stock market.

You can invest up to £20,000 in the 2020/2021 tax year. This is the total annual amount you can save or invest tax-free across all of your ISAs.

With a Scottish Friendly Investment ISA, you can start investing from just £10 a month.

With all of our ISAs, you can have a plan for each of your grandchildren - making it even easier to invest for their futures.

Contributing to a Junior ISA

If you know your grandchild already has a Junior ISA, you can contribute towards it. That means by the time they're ready to venture out into adulthood, you'll have helped them get a good footing.

Only a parent or guardian can take out a Junior ISA on a child's behalf.

And as long as the total amount of contributions are within the annual allowance (£9,000 for the 2020/21 tax year), anyone can put money in - including all-important grandparents. 

The money belongs to the child and can only be accessed by them when they turn 18.

Helping families to save and invest for over 150 years

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