At Foresters Financial, we have been providing financial support to families for over 140 years. We look after over a million child savings accounts in the UK, in both Child Trust Funds (CTFs) and Junior ISAs. If you take out one of our children's savings Plans, your child will be joining over a million children in the UK that have either a Child Trust Fund or Junior ISA.
You may not know what they want to be now and no one can predict the future, however a lump sum may open up more choices and opportunities when your child reaches age 18.
Contributions to Junior ISAs or top ups and gifts to existing Child Trust Funds, can be made on a regular or one-time basis by parents, family and friends. Minimum monthly contributions can be as little as £10. Up to £4,128 can be invested overall this tax year (Junior ISA ) or from birthday to birthday (Child Trust Fund).
The value of your investment can fall as well as rise, and as with all stock market investments you may get back less than paid in. Inflation could reduce what you can buy in the future.