One way to save for your child in addition to - or instead of - a Junior ISA are Child Tax Exempt Savings Plans (TESPs) offered by Friendly Societies.

Child TESPs offer parents a simple way to save up to £25 for each family member per month, though one exception is Shepherds Young Saver Plan which allows contributions of up to £100 per month.

Savings Plan Provider	Min. monthly investment	Max. monthly investment	Product Reviewed	Info
Young Saver Plan	£7.50 (online application)	£100	Read all 11 reviews
Junior Bond	£15 (online application)	£25	Read all 45 reviews
Child Bond	£25 fixed (online application)	£25 fixed	Read all 7 reviews
Child Tax Exempt Savings Plan	£25 (£15 if applying online)	£25	Read all 6 reviews
Ethical Child Savings Plan	£15	£25	Read all 7 reviews
Child Savings Plan	£25	n/a	Be the first to review this. Write a review and receive a FREE Mr Men Bruise Soother

Compare Adult Tax Exempt Savings Plans

Savings Plan Provider	Min. monthly investment	Max. monthly investment	Product Reviewed	Info
Tax Exempt Bonus Plan	£10	£25	Read Shepherds Friendly reviews
Scottish Bond	£15	£25	Read Scottish Friendly reviews
Tax Exempt Savings Plan	£25 (£15 if applying online)	£25	Read Foresters Friendly reviews

Notes: All rates are subject to change without notice. Please check all rates and terms before investing or borrowing.

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MyEggNest's Recommendations Alternatives to Junior ISAs - Tax-Exempt Savings Plans Did you know there are alternatives to the Junior ISA that offer the same tax-free savings? Tax-Exempt Savings Plans (TESPs) can help you build up a lump sum for your child through small, regular payments. Your fund grows free from any income or capital gains tax, like a Junior ISA, and can be used to save for children of all ages. Click here for more information about TESPs, and specific plans offered by friendly societies.

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