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Investments for grandchildren

Wouldn't it be great to put some money away that could grow with them?

Ways to invest for your grandchild

If you've decided to start investing, there are a few different ways for grandparents to do so. You could set aside some money for a grandchild yourself using your own ISA allowance. Or contribute to a Junior ISA, if your grandchild already has one. If they don’t already have a Junior ISA, you can help to kick-start a Junior ISA application with us, by giving their parent or guardian a friendly nudge. Let's break it down a little more.

Help kick-start a Junior ISA application

We all know that parents often have their hands full and their budgets stretched. Sorting out a Junior ISA for your grandchild might not always be their top priority.

That's why we've made it easier than ever for Grandparents to get involved. So if your grandchild doesn't already have an Investment Junior ISA, you can be the one to give their parent or guardian a friendly nudge to kick-start the application process. It's as easy as 1, 2, 3.


Find out more about our Junior ISA.


Recommend it to your grandchild's parent or guardian with a friendly nudge.


They set it up from £10. Once it’s set up, you can start putting some money aside for their future.

Contributing to an existing 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 2023/24 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.

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 2023/2024 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.

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