Saving for my child
in ISAs & tax-free savings
2 replies 65 views
Hello all, new here.
Just had my first child last year and I’ve been looking at what account to open. The plan would be to put a set amount away each month until the age of 18 or 21.
As it’ll be away and being added to for a long time I’ll like to get the best interest going.
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Usual reply is that due to the time scale it would be better to invest the money, rather than save it.
You can add £9Kpa to a Junior Stocks and shares ISA, with no issues about tax etc. This one if offered with no platform fee, although the investment(s) will have their own charges.
Junior ISA | Invest in a Junior Stocks and Shares ISA | Fidelity