TISA suggests £3,600 cap for Junior ISA

The government yesterday said it planned to roll out the product next autumn to fill the void left by the loss of child trust funds (CTFs). Industry reaction was mixed on the plans. But Small, TISA director of policy, says a junior product will leverage the popular ISA brand and encourage people to start saving earlier. "We know ISAs are one of the biggest success stories in UK savings and it makes total sense to adapt that to child savings," he says. A Bill is currently going through parliament to debate the Junior ISA's final form. One aspect yet to be decided is the annual...