Shepherds Junior ISA lets you save regularly to offer your child a head start in life. You can save up to £3600 a year TAX-EFFICIENTLY if your child is aged under 18 and does not already have a Child Trust Fund in their name. You can invest from just £10 a month and can pay in lump sums from a minimum of £100 at a time.
Parents, grandparents, aunts, uncles and family friends can all invest in the Junior ISA and with TAX-EXEMPT growth and the final TAX-FREE lump sum just think how much faster your savings will grow.
Just look at what Shepherds Junior ISA has to offer:
Save for any child who doesn't already have a CTF in their name
A Junior ISA can be opened for any UK resident child who is under the age of 18 and does not already have a Child Trust Fund opened in their name.
You can invest monthly and in lump sums
You can invest for your child in monthly amounts from just £10 a month and can also invest lump sums from a minimum of £100 at a time. The maximum amount that can be invested each year is £3600.
It's not only parents who can contribute to the Junior ISA
As well as the child's parents, their grandparents, aunts, uncles, and family friends can also contribute to a Junior ISA up to the maximum of £3600 a year.
Saving with Shepherds Friendly offers you so much more
As Shepherds Friendly is a mutal organisation, you can save with confidence knowing that our primary duty is to our members, not to any shareholders, and that our special tax status offers you distinct savings advantages.
Important things to consider
- The value of the JISA depends on the future performance of the investments held in the fund and the bonuses we distribute from any profits arising from these investments.
- HM Revenue and Customs may change the tax status of a Junior ISA in the future.
- Inflation may affect the purchasing value of the investment in the future.
- Your child may get back less than you have paid in. (Please see MVR section in the Key Features for details)
- This plan cannot be stopped or cashed in until the child is 18.
All references to taxation are to UK taxation and are based on Shepherds Friendly Society's understanding of current legislation and H M Revenue and Customs practice which may change in the future. Investment growth is by means of bonuses, the amount of which cannot be guaranteed throughout the term of the contract. Please ensure that you read the full terms and conditions of this plan which are available from your financial adviser or by contacting us directly.