As they return to school, envisage their financial future, investing in a My Select (Junior ISA) could help towards setting them up for early adult life by teaching them important lessons about long-term planning and investing.
They deserve the best, and we've been awarded "Best Junior ISA Provider" for the last 4 years at the Investment Life & Pensions Moneyfacts Awards and the "Best Junior ISA Provider" at the 2022 World Business Outlook Awards.
You can set up your child's My Select (Junior ISA) in a few minutes online in a tax efficient way with the growth potential of the stock market. Once you've set it up anyone can pay money into individual pots, so they'll know who helped them on the path to achieving their financial goals in the future.
Remember the value of investments can go down as well as up, so your child could get back less than you've paid in. The investment value belongs to the child and cannot be accessed until they are 18. Tax treatment will depend on your own circumstances and may be subject to change in the future.
When it comes to your money, trust is everything. At Scottish Friendly, we're proud to be a mutual society, putting our members first for over 160 years.
So why not give your child's savings the opportunity to grow and earn up to £150 cashback when you invest from £10 per month? Cashback terms and charges apply, including a £50 exit fee in the first 5 years.