Your Children’s Future
There are some useful ways to help you start investing for your children.
You can open an account for each child under the name of the parents (as Bare Trustees) and either add regular deposits or a lump sum, or indeed both. This will then be invested under the conditions of The Chichester Account.
Junior ISAs, or JISAs, are also available with a limit of £4,260 (18/19).
It is also possible to open a personal pension in their name and pay in £2,808 p.a. The Government will contribute £792 p.a.to make it up to £3,600 p.a. Later in life, when working, it will be possible for your child to make further contributions. This is actually possible for anyone, even non-tax payers.