A Junior ISA is a tax-efficient way to kickstart the next generation’s financial future by building a capital sum.
Every new generation faces an array of financial challenges, from university and education fees to getting on the property ladder. Even old assumptions around retirement income now present new uncertainties, with the need to plan ahead for retirement even when it may seem a long way away.
The Junior ISA was launched in 2011 as a way to introduce young people to the importance of saving. Flexible and tax-efficient, Junior ISAs allow for the building of a capital sum that can help secure young people’s financial future.
From opening up access to further education in the future to helping them take their first independent steps when they eventually leave home, a Junior ISA can make a significant contribution to young people’s future finances.
Remember that before investing in a Junior ISA, you should review the following documents:
The value of an ISA with St. James’s Place will be directly linked to the performance of the funds you select and may fall as well as rise. You may get back less than you invested. An investment in a Stocks and Shares ISA will not provide the same security of capital associated with a Cash ISA.
The favourable tax treatment of ISAs may not be maintained in the future and is subject to changes in legislation.