Welcome to MyEggNest.com
  Click here to go to the Home Page Click here to Compare Click here to go to the My Egg Nest Products Click here to go to the Shop Click here to read More About Us Click here to read our FAQs Click here to view our Contact Details
 
Children Savings News
Junior ISAs
Child Tax Exempt Savings Plans
Children's Savings Plans
Child Trust Funds
Making Parenting Affordable
Spending Wisely
Ask the Experts

Compare Junior ISA (JISA)
Compare Junior ISA (JISA)
Compare Junior ISA (JISA)

Twitter


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.

AddThis Social Bookmark Button


MyEggNest RSS

RSS MyEggNest News

Child Tax-Exempt Savings Plans

Write a short review and get a Mr Men Bruise Soother












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.

Most Popular Pages

1. Compare Junior ISAs
2. Junior ISA Menu
3. Junior ISA Provider reviews
4. Stocks & Shares Junior ISAs
5. Cash Junior ISAs


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.






 
MyEggNest Children's Savings News
November 2011 Tips and news from MyEggNest.com

Junior ISA launched today



The Junior ISA has officially been launched, with around 6 million children estimated to be eligible for the tax-free successor to the Child Trust Fund.  With anyone under the age of 18 who was not eligible for a CTF able to open one of the new accounts, providers are competing for new investors with a range of rewards for signing up - such as leading children's savings provider Jump, who is giving away £25 worth of John Lewis gift vouchers for Jump ISAs opened before December 31st.  Read more

 
Save more each month tax-free
The Junior ISA's £3,600 annual tax-free savings limit is good news for parents looking to build up as big a nest egg as possible for their child's future, but did you know that Friendly Societies can give you an additional tax-free allowance per month? Child Tax Exempt Savings Plans allow parents and other relatives to lock away around £25 free from tax each month, with Shepherds Young Saver Plan offering up a limit of up to £100.
 
Click here for more information, and MyEggNest user reviews of the Young Saver Plan.
 
Children's Savings
 
Take a look at how your Child Trust Fund is doing: Compare Child Trust Funds
 
Featured Review
"I was provided with a very good level of service, and the information given about the Shepherds Friendly - Young Savers Plan was very helpful in deciding to proceed with the plan. All my queries and questions were dealt with in a timely manner and I felt looked after throughout the whole process. I feel my child's future is in great hands. I was also very pleased with the sickness benefits on offer and the option for withdrawal if required. I will be setting up the same account for my other children, and look forward to dealing with them again." posted by roshni

Overall rating: 4/5 
 
Click here for more reviews on all types of children's savings.
 
 
 
 
News
 
Child TESPs: A New Way Forward
The low-risk type of plan, which is very straightforward as well, is extremely attractive to grandparents and parents who would like to put aside a small amount each month for the future of their children. Child TESPS typically have a tax allowance of £25 per month, which can only be offered by friendly societies. One exception is Shepherds Friendly's Young Saver Plan, which allows parents to save up to £100 per month Read more
Gov't contributions have little impact on saving
A new report that has analysed the way Child Trust Fund accounts have been growing has revealed that government vouchers to give a head start to low income families have done little to affect overall savings.
 
Alternative options for parents
With the Junior ISA to be released next month, parents should be aware that although it has been very well publicised it is not the only children's saving product that exists.
 
On average, higher education students face debt of over £50,000. Because of this, it is no wonder that a recent survey found parents worry more about university fees and student loan debts than any other issue facing their children, including pregnancy or drugs.

 
 
Ask our Expert a question
 
Ask the Experts is MyEggNest's free service for questions on children's savings, or any other aspect of family finance.
 
Ask our Independent Financial Advisor Steve Weisner a question here.
 



 Sponsored Links
Save up to £100 a month TAX-EXEMPT with Shepherds Young Saver Plan. Pay no tax on the final lump sum and up to £400 a week in sickness benefits too.  
 
 
Join MyEggNest on Facebook for exclusive prizes and children's savings news!
 
 
Tell your friends about MyEggNest's Newsletter! They can get their own copy by visiting this link.