What a great Christmas gift…

Sometimes it can seem like your children or grandchildren have every new toy and book on the market, so when it’s time to buy them a present you have no idea where to start. Why not get them a Junior ISA? While it may not be the most exciting present for a child to receive, it will most certainly be the most valuable. 


With house prices and university fees on the rise, it’s never been more important to start putting money aside for a child’s future. Junior ISAs are locked away until the child reaches the age of 18. After that, they can convert it to a cash ISA if they don’t use it for university fees. Anyone can contribute to the Junior ISA – a great option for friends and relatives looking to gift money to a child, as a child is only allowed to have one cash JISA. 

This example assumes a growth rate of 5%
This example assumes a growth rate of 5%.

Also for you to gift the money it also acts as a great start to any inheritance tax plan. Everyone is able to gift up to £3,000 per year without facing any inheritance tax charges. Another allowance you could use is small cash gifts where you can gift up to £250 to as many people as you like during the tax year, as long as that person hasn’t been the recipient of your £3,000 gift. Both of these are exempt gifts and you don’t need to declare anything to HMRC if you remain within these allowances.

With Christmas right around the corner, this may just be the perfect gift!      

Ascot Wealth Management Limited is authorised and regulated by the Financial Conduct Authority reference 551744. Our registered office: Scotch Corner, London Road, Sunningdale, Ascot, Berkshire, SL5 0ER. Registered in England No. 7428363. www.ascotwm.com Unless otherwise stated, the information in this document was valid on 3rd February 2017. Not all the services and investments described are regulated by the Financial Conduct Authority (FCA). Tax, trust and company administration services are not authorised and regulated by the Financial Conduct Authority. The services described may not be suitable for all and you should seek appropriate advice. This document is not intended as an offer or solicitation for the purpose or sale of any financial instrument by Ascot Wealth Management Limited. The information and opinions expressed herein are considered valid at publication, but are subject to change without notice and their accuracy and completeness cannot be guaranteed. No part of this document may be reproduced in any manner without prior permission. © 2017 Ascot Wealth Management Ltd. Please note: This website uses cookies. To continue to use this website, you are giving consent to cookies being used.