Investing for children
Kids grow up fast. And so too could their money – with the help of a junior account.
Thanks to a junior account's long-term nature and generous tax advantages, you don't necessarily need to put in vast sums to make a difference. A little, across the course of your child’s upbringing, can grow to a lot.
And even better, anyone can pay money into your child’s account. Perfect for presents from prudent grandparents.
Before you get started, remember the value of investments can change and you could lose money as well as make it. And how you're taxed will depend on your circumstances, and the rules can change.
Three ways to save for their future
To give your child the best possible head start, it's important to choose the right junior account:
Range of accounts
Which account should you choose?
Each junior account has different tax advantages – and different rules about when the money can be accessed. Which is the right one depends on what you want to help your child save towards (e.g. school fees, university fees, pension), and when you’re happy for them to access their money.If you need help choosing the right account for your child, have a look at our account comparison table.
Can I transfer a matured Child Trust Fund?
If your child has a Child Trust Fund, they can transfer it once they turn 18. Moving it to an ISA means it stays tax-free, and they can transfer it to a Stocks and shares ISA without using any of their ISA allowance. Or they could move it to a Lifetime ISA to help them save for their first home, or for retirement. More about transferring a Child Trust Fund.
Regular investment service
Saving smaller amounts, regularly, gets you into the saving habit without putting too much strain on your finances. Our regular investment service lets you invest as little as £25 every month while taking advantage of a lower dealing charge of just £1.50.