Whatever your hopes for your child it’s likely some of them will have costs attached. The Junior ISA is a flexible and tax-efficient way to save for children.
Whether you’re looking to put aside a lump sum to enable your child to get on the property ladder, or save monthly to fund the increasingly expensive cost of a university education (estimated at around £40,000 for English students enrolling in 2014*), Fidelity can make saving for these as easy as child’s play.
Get started today by visiting our Junior ISA calculator and find out how much you should be saving each month to reach your goal.
Or follow the steps below to open a Junior ISA by investing £500 as a lump sum or £50 in a monthly savings plan now.
The value of investments can go down as well as up so your child may not get back the amount you invest. Tax savings and eligibility to invest in a Junior ISA depend on personal circumstances. All tax rules may change in the future. Fidelity Personal Investing only gives information about products and services and does not provide investment advice based on individual circumstances. If you are unsure of the suitability of an investment you should speak to an authorised financial adviser.
*Source: Which? University, April 2014