20th October 2020

The Gift of Saving

We’re in the run up to the most festive time of the year! Yet with all the wonderful build up of excitement we’re also met with many tempting Christmas adverts and Black Friday offers tempting us to spend on just one more present. Let’s face it, how often do you feel lured to buy another toy, lego set or books as a gift for your child? And, in the grand scheme of things, do they really need just one more?

Whilst we agree it is nice to spoil your little one, we’re suggesting rather than overwhelm them with toys, why not split and save. The funds you save now will allow them to have a greater gift for their future. Let’s pause the Christmas whirlwind to think about your child’s future goals and aspirations, by saving now you can help contribute to their big goals in the years to come with a Junior ISA. 

Now we’re not trying to be festive killjoys, however, it was estimated £961.97 million worth of presents were unwanted last year*, with only £143 million worth of unwanted Christmas presents being returned to retailers in the days after Christmas, fuelling many to end up discounted online. According to eBay, 74 million items were listed on eBay by the Friday after Christmas, continuing the buy and sell cycle. 

If you opt to give the gift of saving, adding money to your child’s Junior ISA could be providing financial support for university fees, funding towards driving lessons or even help provide plane tickets for their round the world trip. A financially secure future helps towards your child’s big plans, that they don’t even know yet.

Here at The Children’s ISA we provide clear options for Junior ISAs. Our aim is to make saving for your children and grandchildren as easy and quick as possible, so you can spend more time making memories. Our online application is quick and easy to complete. Once the account is open it is all managed online and anyone, from family members to grandparents, can Top-up the account – so fingers crossed, no more unwanted gifts! You can build towards their future together. 

Junior ISA the fast facts and things you need to know: 

  • Just like an ISA, each child has a tax-free savings allowance per tax year. For instance, in this tax year 2020/2021 which ends on 5th April, the Junior ISA allowance is £9,000.
  • Any UK resident child under 18 is eligible for a Junior ISA. If your child was born between September 2002 and the 2nd January 2011 you may have a Child Trust Fund. If your child holds a Child Trust Fund they will have to transfer this into a Junior ISA for them to become eligible. It’s an easy process, and we can help you complete this online. 
  • You can open a Junior ISA with the Children’s ISA with a minimum investment of £10 quickly and easily on the Children’s ISA online application. Any parent or guardian can open a Junior ISA and once it’s open anyone can pay in to make contributions into it.

* source, vouchercodes.com

© The Children’s ISA Ltd 2024. All rights reserved.

The website and the information contained therein should not be regarded as an offer or solicitation to conduct investment business in any jurisdiction other than the UK. Past performance is not necessarily a guide to future performance and the value of your investment may fall as well as rise, and any income received in the form of dividends may fluctuate. You may not get back the full amount when the account is closed. If paying regular monthly contributions please bear in mind that if contributions are not maintained you will be less likely to achieve the investment amount that was originally projected.

The information on this website is not advice, it is provided solely to enable you to make your own investment decisions. The investments and /or investment services referred to may not be suitable for all investors.

The Children’s ISA Limited is authorised and regulated by the Financial Conduct Authority. (FCA No: 563043)
The Children’s ISA Limited is a company registered in England and Wales. Registered Company Number: 07486015

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