The younger generation are facing new and difficult financial challenges as they grow up in the modern world. University and tuition fees, the prospect of finding a deposit on a first house and the realities of having to work longer and make provisions for an income in retirement.
In 2011 Junior ISAs replaced Child Trust Funds (CTF). Children born between 2002 and 2011 would have had a CTF. CTFs can now be transferred into a Junior ISA.
The St. James's Place Junior ISA helps give youngsters an introduction to the importance of saving. It provides a flexible and tax-efficient way to build a capital sum to help secure the financial future of your children.
A Junior ISA can be used for many things. It can help provide children with access to quality education, open up opportunities and help them get established when they make their first steps out into the world alone.
Starting to save money now might make all the difference in the long-term.
Before you choose to invest in a Unit Trust via an ISA, it’s important you read our Key Investor Information Documents and Supplementary Information Document.
You should be aware that an investment with St. James's Place will be directly linked to the performance of the funds selected and the value may therefore fall as well as rise. You may get back less than you initially invested.
The favourable tax treatment given to Junior ISA is subject to changes in legislation and may not continue in the future.
If you would like to speak to us about a particular issue or wish to find out more about the services we offer, please get in touch.