Tax free savings for a new child

Uriziel

In other countries parents are able to save money tax free for a new baby so it is a good idea financially to open those when a new baby is born.

Is there anything like this in the UK? Any accounts you can save money in tax free for a new-born?

eskbanker

Yes: https://www.moneysavingexpert.com/savings/junior-isa/

Dazed_and_C0nfused

And don't forget they have their own Personal Allowance to use.  And both 0% tax bands for savings interest.

Although the source of the funds may make those a mute point.

xylophone

 a mute point.

Speaks to nobody?

DRS1

I think he means moot but that is debatable.

Dazed_and_C0nfused

DRS1 said:

I think he means moot but that is debatable.

I blame it on a poor education.  But less said about that the better 😉