Gift of Saving

As of 3rd July 2023, the Young Saver Plan and Junior Money Maker are no longer available at Shepherds Friendly. Parents can save for their little ones future in a Junior ISA.

Whilst Christmas is little over a month away, you might be struggling for ideas for presents, especially when it comes to children.

Children have a habit of forgetting about their shiny new toys after a couple of weeks, whilst gift cards are often seen as a bit of a ‘cop-out’ and just giving money means it could be spent on anything! But there are alternatives that will not only still be around when a child enters adulthood at 18 years old, but could actually grow in value and be of a genuine help to the child’s future.

There are lots of gifts you could buy which could grow in value, such as stamps, jewellery, collectables or even a savings account. In fact, a savings account is an extremely thoughtful gift as it could have a genuine impact on a child’s adult life, be it through providing them with the funds towards their first car, deposit on a house, or even helping them with their University tuition fees!

There are a range of savings plans that could be perfect for anybody. For example, at Shepherds Friendly there is the Junior ISA which a parent can set up for their child, allowing you to save from £10 a month and up to £9,000 a year for your child tax-efficiently!

If you feel that the gift of saving could benefit a child you love this Christmas, then you can apply online by clicking here or via telephone by calling 0800 526 249