Posts for Tag: Investment Junior ISA (JISA)
The first of the children with Child Trust Funds will begin to turn 18 from 1st September 2020. Although this date seems a long way off, it’s a sensible idea to begin planning now.
Following the demise of the Child Trust Fund (CTF) the government introduced Junior ISAs as a replacement to encourage parents to start saving for their children’s future.
Well, it has come around again and after an extremely busy couple of weeks in the office, the new tax year has arrived, bringing with it good news for savers!
The Bank of England voted to keep its base rate at an historic low of 0.25% on 02 February 2017, despite expectations of rising inflation and slower wage growth squeezing household budgets and spending this year.
The Chancellor, Philip Hammond, has earlier this week (23 November 2016) announced an increase in the Junior ISA limit from 6 April 2017. The subscription limit usually increases each year in line with Consumer Price Index (CPI) and will rise from £4,080 to £4,128.