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Advice please...15k savings...

2»

Comments

  • MallyGirl wrote: »
    Do you have £15k each or in total? A JISA needs to be in the name of the child so if it is £15k total it would need to be split anyway. And then you can put in £4k before April 6th and another £4k after.

    Child accounts have better rates than adult ones. The rates do change - my DD's Halifax ISA was 6% for a while but then dropped to 3% but that is still better than pretty much everywhere else.

    Its £15k in total. If i open a Junior ISA for both kids, i can put in £4k before april this year and another £3.5k after April then?
  • MallyGirl
    MallyGirl Posts: 7,418 Senior Ambassador
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    yes you can - it is £4128 before end of tax year to be precise
    I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
    & Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
    All views are my own and not the official line of MoneySavingExpert.
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