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The Independent UK
The Independent UK
Business
Siobhan McNally

Should I start a Junior ISA for my child?

Holly Mackay ISA Alamy CocaCola Fidelity Hargreaves Lansdown Samsung
A Junior Individual Savings Account (JISA) is a tax-free way to save or invest up to £9,000 per year for a child in the UK (Alamy/PA) -

Although handing over a lump sum to an 18-year-old with exotic travel plans might sound risky, Junior ISAs (JISAs) could actually play a pivotal role in teaching them how to save.

“Most data from Junior ISA providers suggests that the kids don’t just automatically rip the money out and run off to Thailand,” says Holly Mackay, founder and CEO of Boring Money.

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