children accounts

the_cleaner

can somebody help most young savers is a max of £1200 as granddaughter is only 6 years old and has reached this limit can i go into an isa or a young saver with a higher limit without losing any interest or do i have to start again and just bank her money in an account

xylophone

most young savers is a max of £1200

I am not sure that this is the case.

http://www.moneysavingexpert.com/savings/child-savings-tax-free

You could also contribute to her CTF/JISA - the CTF is now transferrable to the more flexible JISA.

http://www.moneysavingexpert.com/savings/junior-isa


https://www.gov.uk/child-trust-funds/overview

eskbanker

xylophone wrote: »

most young savers is a max of £1200

I am not sure that this is the case

I suspect OP is referring to the regular savers from the likes of Halifax, which typically have a maximum monthly funding of £100 during their 12-month duration.

OP - if this is the case, put the £1200 into another account (as per the articles linked by xylophone) and start another regular saver for another year's funding. Rinse and repeat....