Give a child you care about the best possible financial head start in life
There are a number of ways you can protect a child’s financial future, and by starting today you could help provide for further education, their first car, or a house deposit.
Take a look at our simple children's savings products below; if you are unsure about which to choose, you'll find more info on each product page and in the help & support section, you could also use our handy product selector tool below.
Give your child a financial head start in life with our Junior ISA and watch the tax-free savings grow
It's never too early to start saving for a child you care about, our Tax Exempt Savings Plan provides an additional tax-free allowance in addition to their Junior ISA
Want to save a little extra for a child's future? Our Regular Savings Plan gives you the ability to save over your tax exempt savings plan allowance
Invest in a child's financial future with this medium to long-term lump sum investment
Save today for their tomorrow with a tax-free savings option that looks after their financial future, as well as the world they'll grow up in
Risks you should be aware of:
Capital at risk. During adverse investment conditions you may get back less than you invested.
Our Sustainable ISA is a medium to high risk investment fund, which means the value of your investments may go up or down and you could get back less than you invested.
Tax treatment depends on individual circumstances and may be subject to change in the future.
Interim and final bonuses are not guaranteed and may go up or down before being declared.
Every parent and grandparent wants to give the children in their lives the best possible start.
Whether you are planning to help with university fees, contribute to their first home, or simply create a sense of financial security for the future, choosing a dedicated children’s savings plan can make a real difference to your child.
Our standard Investment Junior ISA (JISA) is a tax-efficient, medium to low risk investment that is suitable for a range of children’s savings strategies, allowing you to save up to £9,000 annually while maximising tax-free savings and bonuses for your children. Although this type of account has to be opened by a legal guardian, any adult can contribute, making it an attractive option for grandparents and families who want to support their children’s future.
If you have already made the maximum contribution to a JISA, consider opening a Children’s Tax Exempt Savings Plan to earn even more tax-free bonuses, or open a Children’s Regular Savings Plan if you have reached all other contribution limits.
Alternatively, our Children’s Investment Bond is a fantastic, medium to low risk way to invest a lump sum for at least five years, allowing you to plan for your child’s future with confidence.
Additionally, we have recently introduced our Sustainable Junior ISA to our range of children’s savings products. Perfect for families seeking to make ethical, sustainable investments, our Sustainable Junior ISA has a medium to high risk profile. Although this higher risk may not be the right choice for everyone, this JISA also offers the chance to earn greater long-term rewards for investors who are trying to maximise their return.
For more information on the risks, please refer to the relevant 'Risks You Should Be Aware Of' section for each product.
Saving for children is about more than just putting money away; it’s about giving them the tools and opportunities they need to succeed.
Starting early is the best way to save for children, since even modest contributions can grow over time into a valuable nest egg, perfect for their 18th birthday or when they reach their first milestones.
With tax-efficient savings and investment options available, you can be confident that your money is working hard for you and your family.
We offer a range of savings solutions designed for a range of families, so whether you are looking for a way to save birthday and Christmas money or a tax-efficient way to set your child up for life, you can choose an approach that fits your circumstances and goals.
If you were born between September 2002 and January 2011, a Child Trust Fund will likely have been opened to support your future development.
Transferring this Trust Fund to Sheffield Mutual is a quick and straightforward process. It gives you the option of keeping the Trust Fund or converting it into a Junior ISA, which is perfect for long-term savings and offers the flexibility to transform into an Adult ISA once you turn 18.
If you would like more information or would like to discuss your options, please contact us today, and a member of our team will be happy to explain our products in detail.
We are here for you at all stages of your journey; our support articles cover a broad range of topics, and are designed to put you in control of your money.
We do not invest knowingly or directly in industries relating to armaments, tobacco, gambling or pornography
About us
Experienced and knowledgeable, our team is made up of professionals from a range of backgrounds and industries
Meet the team