ISA Special: The new kids on the block

When junior ISAs (JISAs) launched last November, many predicted they would become the most popular way to save for children. The wrappers allow tax relief on savings of up to £3,600 a year and can be rolled into an adult ISA when the child turns 18. The JISA fans So were early predictions accurate, or is the industry yet to be convinced? Ben Yearsley, investment manager at Hargreaves Lansdown, has certainly embraced the products. The company sold 3,000 worth a total of £6.5m between 1 November and the end of December and has seen an increase in uptake since then. The company promo...