Why invest for a child?
- Provide a welcome financial boost when they need it
- Help them with the future costs of education, buying a home, getting married or even retiring
- Reduce the amount of inheritance tax that might need to be paid in future
Find out how you can start investing for a child's or grandchild's future.
|Time period||£50 per month||£100 per month||£300 per month|
Unsure which account is right for your child?
Whichever account you choose, you can be confident it will be easy to manage, there will be a wide investment choice and it will be great value for money. See how our three accounts for children compare. Tax rules can change and benefits depend on individual circumstances.
|Junior Stocks and Shares ISA||Junior SIPP||Junior Investment Account|
|Eligibility||Any child resident in the UK – if they have a Child Trust Fund this will need to be transferred to open the account||Any child resident in the UK||Any child resident in the UK|
|Investment limits||£4,260 a year (2018/2019)||£3,600 gross a year (£2,880 net) (2018/2019)||Unlimited|
|Withdrawals||At age 18 (except in the case of terminal illness or death)||At retirement - usually from age 55 (rising to 57 from 2028 but likely to rise further)||At any time, although the money must only be used for the benefit of the child|
|Account holder||The account belongs to the child but a parent or legal guardian must act as registered contact up to age 18||The account belongs to the child but a parent or legal guardian must act as registered contact up to age 18||The account belongs to a ‘trustee’, usually a parent or grandparent. At age 18 the child becomes entitled to any assets in the account|
|Find out more||Find out more||Find out more|
|Open a Junior ISA||Open a Junior SIPP||Open an account|