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.
Lay the foundation for your child’s financial future and help them develop good money habits by opening a children’s savings account. Grow their wealth in a tax-free Investment Junior ISA (JISA) or place a lump sum into a Children’s Investment Bond. For more options, consider a Regular Saving Plan or Children’s Tax Exempt Savings Plan – available exclusively through friendly societies like ours.
We can also help you transfer and manage existing Child Trust Funds, with the option to move savings to a Junior ISA.
A children’s savings account makes it simple for parents and guardians to put money aside for their child’s future. It’s also a valuable way to teach children the importance of saving and help them build lifelong habits.
Our medium to low-risk Investment JISA is a tax-efficient way to save, allowing you to contribute up to £9,000 tax-free annually. While a legal guardian must open the account, anyone can pay in. You can complement this with our Children’s Tax Exempt Savings Plan, a Regular Savings Plan, or try our Children's Investment Bond for long-term investing. Whatever your saving style, we have a solution to fit.
The government introduced CTFs to encourage long-term savings for children but replaced the scheme with Junior ISAs in 2011. If you have an existing CTF, transferring it to Sheffield Mutual is easy, and you can continue adding to it.
We can also help you transfer your CTF to a JISA. Compare your options today, or contact our dedicated team for further assistance.
For more information on the risks, please refer to the relevant 'risks you should be aware of' section for each product.
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