Apr
Are you a parent of a 7 year old child? Thinking of getting a junior ISA done for your child? Probably, this is the right time if your child is growing up. Getting a junior ISA done is beneficial for your child’s safe and secure future. For investors, there are four individual junior ISA plans to choose from. Out of these, the active managed junior ISA allows a saver to make a particular payment with a goal of outperforming an investment benchmark index. It is available to any child below the age of 18 years.
Upon investing in the active managed junior ISA, your investments will be closely managed by Prudential’s, one of the largest asset managers. This will ensure that your money is in safe hands and you need not worry about it. One of the advantages is that you can manage your account online and can easily access it. These savings are completely tax free and you child cannot access it until he reaches 18 years of age.
However, if you still have doubt whether this is a safe investment or not, you can consult a fund manager, who can help in finding you the best investment plan for your child.