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Junior Isa & Childrens Pension
theslimhen
Posts: 3 Newbie
Hi, what are the annual limits I can put in for my child if I were to open both a jISA & a childrens stakeholder pension. Is it £3,600 gross in total per year or can I put £3,600 gross in each per year, ir total of £7,200? thanks
0
Comments
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They're completely different products - £3,600 in each per year.
Be aware of the limitations though, as they're at two extremes of the spectrum regarding timescales.
(Currently) the minimum age for accessing a pension is 55, and the minimum age for a JISA is 18, although IIRC the child can control the investments from 16 onwards.I am an IFA, but nothing I say on this forum constitutes financial advice. Always draw your own conclusions and always do your own research.0 -
....many thanks for the answer0
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