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The Junior ISA (which stands for Junior Individual Savings Account) is a savings account for children which offers tax free savings.
Any funds invested in the account are locked inside and can only be accessed once the Child reaches 18 years of age.
This could help provide a much needed nest egg should they wish to go on to university / college or start looking to get a foot on the property ladder.
Here at Financial Advice For Women, we are proud to announce that we have teamed up with one of the UK’s leading online Junior ISA providers - TaxFreeJuniorISA.co.uk
They offer a wide range of Childrens ISAs including both a cash and investment junior isa, with profits junior isa, Shariah Junior ISA, actively managed junior isa and also an ethical option.
The annual investment allowance for the Junior ISA is £3600 per tax year and each child is permitted to hold one of each Cash & Investment Junior ISA account at the same time.
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