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
