Richie Rich? 400 UK children have more than £100,000 in their Junior ISA, while a child pension could lead to a big boost later in life

Who wants to be an ISA millionaire? - My Continuum

Many of us know the value of ISAs. Individual Savings Accounts have been around since 1999, and for many of us they provide a simple and astute way to make the most of our spare cash; by letting it grow tax efficiently. Being free of Income tax, Dividend tax, and even Capital Gains tax when they are cashed in, ISAs could be the bedrock of a wealth creation plan. Especially, as despite the name, you can invest as well as simply save with an ISA. …

Richie Rich? 400 UK children have more than £100,000 in their Junior ISA, while a child pension could lead to a big boost later in life - IFA Magazine

There are 400 Junior ISA (JISA) accounts held in the UK with a value of at least £100,000, according to a Freedom of Information (FOI) request submitted by Standard Life, part of Phoenix Group, as part of its analysis into the long-term impact of saving and investing for children. Across the UK, many parents are setting their children up with savings to access when they reach adulthood, with the FOI request revealing there are 2,170,000 JISAs he…

Richie Rich? 400 UK children have more than £100,000 in their Junior ISA, while a child pension could lead to a big boost later in life