Stocks & Shares Junior ISA's

Here at Sheffield Mutual we understand that giving your child the best in life is probably what you pride yourself on as a parent. We would do anything for our children and this is why many parents start investing in their children’s future as soon as they’re born.  As parents we all have high hopes that our children will attend university in order to get a better job. A better job will then pay for a lovely home a nice car, a few holidays every year and marriage unfortunately these privileges come at a price. No matter what our children choose to do in life one of the main concerns as a parent is if they have a good standard of living and this is why it’s so important to start saving for our children’s future early.  This is way many parents are choosing to set up JISA’s (junior ISA’s) for their children.

Here at Sheffield Mutual we know that a solid financial start in life is crucial and this is why we’re offering tax free returns on Junior ISA’s. Our minimum deposit scheme is £10 per month or £100 in a single premium. Payments can be made by anyone, so grand parents and friends will also be also to contribute to your child’s future if they wish.  JISA’s are a great way of building up a lump sum to give your child a financial kick start in life and  when your chid is at the responsible age of 18 they will be entitles to withdraw the savings to spend on  a deposit for a home or to help cover university fees. Whatever your child may need it for it will be there if they require it. If you’re child doesn’t wish to touch the money then this is not a problem! It will just automatically ‘roll over’ into an adult account. These ISA’s are available to children under the age of 18 who do not already have a Child Trust Fund. If you’d like to find out more on Junior ISA’s then please visit the Sheffield Mutual website - http://www.sheffieldmutual.com/stocks-and-shares-junior-isa

If you want to start planning for your child’s future why don’t you come and talk to an expert here at Sheffield Mutual, they can advice you on the right options and will happily discuss an queries that you many have, you can call them on 01226 741000. Alternatively you can e-mail the team at - enquiries@sheffieldmutual.com.

*This blog provides generic information and opinions of the writer and should not be relied upon for making investment decisions. No advice has been provided by Sheffield Mutual. If you are in any doubt as to whether a savings or investment plan is suitable for you, you should consider contacting a financial adviser for advice. If you do not have a financial adviser, you can get details of local financial advisers by visiting www.unbiased.co.uk. Advisers may charge for providing such advice and should confirm any costs beforehand. Any reference to taxation is based on the writer’s understanding of current tax legislation and practice, which could change in the future.*

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