3 Funds for Your Junior Isa

Investors putting money aside for their children and grandchildren have a long time horizon in which to invest, so could consider these racier fund options 

Annalisa Esposito 1 April, 2020 | 1:19PM

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A Junior Isa is a great place to start saving for children and grandchildren. These accounts can be opened any time from when a child is born until they are age 16. One of the most attractive things about the accounts, aside from the tax-free returns, is that the young person cannot access the money until they turn 18. 

In the March 2020 Budget, the annual Junior Isa allowance was more than doubled from £4,368. That means, from April 6 this year, relatives can stash away up to £9,000 a year for their children or grandchildren. 

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About Author

Annalisa Esposito  is a data journalist for Morningstar.co.uk

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