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SHEPHERDS FRIENDLY JUNIOR ISA
Shepherds Friendly Junior ISA (Junior ISA)
        
Shepherds Friendly Junior ISA is a flexible savings account for children, which parents, grandparents, family members and friends can all contribute to. The Junior ISA can be opened by you provided you are either the parent or legal guardian of the child you wish to open the plan for, and any child under the age of 18 who lives in the UK and does not have a Child Trust Fund is eligible.
Location: UK
Advantages:
1.When you open a Junior ISA with us, your money will be invested in our With Profits fund, which invests primarily in stocks and shares. The reason we invest in stocks and shares is with the aim of providing you with higher returns on your investment over the long term than would be available in a cash-based account.
2. Save tax-exempt and you can look forward to giving your children a tax-free lump sum.
3. You can apply online in just five easy steps, and start your savings journey today.
4. For any UK resident under the age of 18 who does not already have a Child Trust Fund in their name.
Disadvantages:
1. The value of the JISA depends on the future performance of the investments held in the fund and the bonuses we distribute from any profits arising from these investments.
2. H M Revenue and Customs may change the tax status of an JISA in the future.
3. This plan cannot be cashed in until the child is 18.
4. Inflation may affect the purchasing value of the investment in the future.
5. Your child may get back less that you have paid in.
Services:
You can save with either monthly premiums or in lump sums when it suits you

AER Rate: Varies on Fund
Interest Paid: Annually
Notice Period: Child must be 18 years
Min Deposit: 10 per month
Max Deposit: 4,080 in a tax year
Initial Fee: 0
Exit Fee: N/A
Annual Management Fee: 0

Products:
Junior ISA
Suitable For:
To provide:
1. An increase to the value of the money that has been invested for the child until their
18th Birthday.
2. The proceeds of the investment free of Income and Capital Gains Tax under current JISA rules.
3. Children with the opportunity to learn about Financial matters and Investments.
Conditions:
Save from just 10 per month
Restrictions:
Parents, grandparents, family members and friends can all contribute, increasing the savings potential
Introductory Offer:
N/A
Terms and Conditions:
For any UK resident under the age of 18 who does not already have a Child Trust Fund in their name
        
REVIEWS
Shepherds Friendly Junior ISA (Which Way To Pay - 19/2/2014)
Shepherds Friendly Junior ISA is ranked 4 out of 5. Based on 1 review.

4 Star Rating

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Shepherds Friendly Junior ISA
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