Securing a child’s future has become a paramount concern for many parents and guardians. As we navigate through uncertainties, it becomes increasingly clear that early financial planning can set the foundation for a child’s long-term success and stability.

At Roxburgh Financial Services, we are committed to empowering families with the knowledge and tools necessary to make informed decisions about their children’s futures. Our focus on Junior Individual Savings Accounts (JISAs) is a cornerstone of this mission, a tax-efficient savings solution designed specifically for children.

Junior Individual Savings Accounts (JISAs) offer a versatile and secure way for parents and guardians to build a nest egg for their children’s future. JISAs come in two forms: cash JISAs and Stocks & Shares JISAs. They are designed to grow investments free from income and capital gains tax. This unique feature makes JISAs an attractive choice for those looking to maximise their savings potential while ensuring their children’s financial well-being.

Cash JISAs provide a safe haven for savings, offering a fixed interest rate without the stock market’s volatility. They are an excellent option for those who prefer a conservative approach to saving.

On the other hand, Stocks & Shares JISAs allow for investments in equities, bonds, and other securities, offering the potential for higher returns compared to traditional savings accounts. While they carry a higher risk due to market fluctuations, they also present an opportunity for significant growth over time, especially when invested wisely with a long-term perspective.

It’s important to note that children can hold one or both types of JISAs simultaneously, allowing for a balanced approach to saving and investing.