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Tax free savings for a new child
Uriziel
Posts: 219 Forumite
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?
Is there anything like this in the UK? Any accounts you can save money in tax free for a new-born?
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Comments
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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.0 -
a mute point.
Speaks to nobody?
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I think he means moot but that is debatable.2
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I blame it on a poor education. But less said about that the better 😉DRS1 said:I think he means moot but that is debatable.1
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