Junior ISA annual limit to rise by £600

Treasury sources also said financial secretary to the Treasury Mark Hoban will align the structures of child trust funds (CTFs) and JISAs, the Telegraph reports. In March, the government said it would set the JISA limit at £3,000, but it is now likely this will be increased by £600, according to sources. In October, the Tax Incentivised Savings Association (TISA) recommended the limit on JISAs should be £3,600, which is the same as that on ordinary ISAs. When CTFs were closed to new savers in January, there were accusations the introduction of JISAs would be unfair on children with...