|
 
Ask the Experts
Ask the Experts is MyEggNest's free service for questions on Junior ISAs and any aspect of family finance. Ask our Independent Financial Advisor Steve Weisner a question here.


RSS MyEggNest News
|
Child Tax-Exempt Savings Plans

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 here to 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.
|
|
Free Prize Draw
Enter our FREE Prize Draw and one lucky winner, chosen at random, will receive £250 added to their Children Savings Account.
|
|
|
|
|
| |
 |
Child Tax-Exempt Savings Plans

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 here to find out more about
the most tax-efficient way right now to build up a nest-
egg for your child, and compare providers.
|
|
Junior ISAs
Following the scrapping of
the Child Trust Fund from January 2011, the Government has
announced it will launched a Junior Individual Savings Account, or ISA,
by autumn this year.
Though the details are yet to be confirmed, the account
will bear many similarities to the Child Trust Fund. Click here for more
information about the soon-to-be-launched tax-free
scheme.
|
|
Advertisement
The Child Trust Fund (CTF) is an account for children
who were born after 1 September 2002. Each child receives
£250 from the government to be invested in a CTF
account. Key benefits are as follows:
- £1,200 extra can be saved each year
- It is totally tax free
- When the child is 7 the Government will make a
further contribution
Jump Savings offers both a CTF and a Savings Plan. The
Savings Plan is designed for older children who
don’t qualify for the CTF or for those parents who
would prefer more flexibility than the CTF allows.
Click here
for more information.
|
|
|
| |
|