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The Independent UK
The Independent UK
Business
Siobhan McNally

What is a Junior ISA? Financial expert explains how tax-free savings account can help your children learn about money

Holly Mackay ISA CocaCola Fidelity Hargreaves Lansdown Samsung

Entrusting an 18-year-old with a large sum might seem risky, but Junior ISAs (JISAs) can prove vital in instilling sound saving habits.

"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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