Martin Jones: Making the most of tax wrappers for children

Starting early

clock • 3 min read

For clients looking to put money aside for their children, there are interesting tax wrapper opportunities out there. Martin Jones looks at two of them

I'm always staggered when I see calculations for compound growth. This is especially true when the investors are children given how long their investment horizon might be. And the more your clients can squirrel away tax-free early doors for their children and grandchildren, the greater the compounding effect will be over time. With that in mind, here are two ways your clients can get their kids' investments off to a flying start. Junior ISA to adult ISA transition period (ages 16 to 18) Under current rules, a junior ISA can be opened for a child up until their 18th birthday. The...

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