I am sure you have wondered to yourself, “why is my three year old more interested in the box than in the toy I have just spent 45 minutes assembling?” Now this can be, for some people, part of Christmas, but how about something a little different. A junior ISA?
A Junior ISA, I hear you question, that's not very exciting is it?
A Junior ISA allows parents, grandparents, friends and family to invest for a child, until the age of 18.
At the age of 18, the investment then moves to the child's name to use as they wish. This can be extremely helpful when it comes to cars, university fees, travelling, and many more expenditures.
And what's more, it is currently free of platform and service charges via Chelsea FundStore.
In order to set up a Junior ISA, simply download and complete a Junior ISA application form and return it to us here in the office.
If you are not the registered contact (usually a parent) of the child we may require further documentation, and please be aware that the registered contact must sign the document before you return it.
Please be aware that if your child holds a Child Trust Fund they cannot open a Junior ISA. We are anticipating that this will change in April 2015, and will be in contact in due course with further information.