Did you know that Children's Tax-Exempt Savings Plans (TESPs)also provide a long-term, tax-free way to save for your children's future? Click hereto find out more about a tax-efficient way to build up a nest-egg for your child in addition to a Junior ISA, and compare providers.
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Enter our FREE Prize Draw and one lucky winner, chosen at random, will receive £250 added to their Children Savings Account.
The Children's Mutual - The only UK company that specialises exclusively in savings for children. Press Play to view the video. If you're unable to view this, please click here to view it in a seperate player. For more information on the The Children's Mutual, please click here
Alternative to CTFs
Unit Trusts for Children
Whatever your children or grandchildren dream of doing when they grow up, why not indulge more than their imagination?
Whether they want to travel the world or step onto the first rung of the property ladder, fund their way through university or organise the wedding of their dreams, you can give them a great start in life by investing for their future with a Legal & General unit trust.
Receive £30 worth of Mothercare Vouchers if you arrange to make regular monthly contributions of £10 or more by Direct Debit when you set up a Baby Bond® or Shariah Baby Bond® (or £50 or more if you set up a Baby Bond® Choice). Click here for more information.
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Bank of Scotland International offers quality international and offshore banking, first-class service, and a range of other related and beneficial services. Click here for more information
Tax Exempt Saving Plans (TESPs)
One of the best ways to save for your children's future is the Tax-Exempt Savings Plans (TESPs) from friendly societies. TESPs offer parents a simple way to save up to £25 for each family member per month in addition to, or instead of, a CTF.
TESPs can help you build up a lump sum for any child through small regular payments. You choose when the money is available for them, but the policy must run until they’re at least 16 and run for a minimum of 10 years.
TESPs are available for every member of the household so a family of four could save up to £100 a month tax-free and, provided the TESPs have been set up in the parent's names, the money remains firmly under their control. In addition, the flexibility of TESPs mean that they can be set up to mature at different points in a child's life.
Providers with TESPs Engage Mutual Assurance
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Request a Jump CTF or Jump Savings Brochure and receive a free copy of Money: Your Children, Their Future by Sarah Hamilton. Click here for more information.
Bank of Scotland International offers quality international and offshore banking, first-class service, and a range of other related and beneficial services.
