Watch your children's savings grow: Junior Isas are now more generous
Hundreds of thousands of children in the UK are set to receive a bumper cash bonus when they reach adulthood. They have a total of about £5 billion in 954,000 Junior Isa accounts. And this is set to grow after the Chancellor doubled the annual allowance to £9,000 last April. This cash could provide a vital financial boost for future generations facing expensive university fees and high housing costs. Britain's children have a total of about £5bn in 954,000 Junior Isa accounts But most of the 12 million-plus under-16s in the UK are missing out — as they do not have a Junior Isa. Parent...
Source: thisismoney.co.uk