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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.

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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.

MyEggNest is proud to support Get Connected.

You can learn more about Get Connected, a free, confidential helpline for young people, here.

To find out how you can make a donation, visit www.getconnected.org.uk.

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Before you go, we recommend you consider these special offers:

Write a short review and get a Mr Men Bruise Soother

Write a short review and get a Mr Men Bruise Soother We'd like you to come back and share your experiences with other mums and dads by writing a short product review of any ISAs. CTFs or Children Savings Account. For your trouble, we'll send you a beautiful Mr Men (or a Little Miss) Bruise Soother completely FREE OF CHARGE. Once you've posted the comments, just drop us a quick email to notify us of your postings. This is a limited, special introductory gift, so hurry while stocks last! Click here to find out more.

£250 Free Prize Draw

£250 Free Prize Draw Enter our FREE Prize Draw and one lucky winner, chosen at random, will receive a cheque for £250 to add to their Child Trust Fund or Children Savings Account. Click here to enter the draw. See past winners.

Or Return to Compare Children's Saving Accounts

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Radcliffe & Newlands
Lump Sum Investments

Puzzled by lump sum investing? Get help from qualified investment professionals. Click here for more information.

Alternative to CTFs

Rather than use your savings account to build your children's "egg nest", think about investing in the numerous savings products available through banks, building societies and the government. All offer better interest rates and tax advantages that your savings account won't be able to match.

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