Maxed-out Junior Isas up nearly 50% in a year

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Financial Times 3d ago

Maxed-out Junior Isas up nearly 50% in a year - Financial Times

Quick Summary:

However, she warns that parents shouldn’t rush to pick up the pieces for their children when things go wrong.“Kids need to make their own mistakes with money, and learn from them.

Last year, a separate FOI request made by RBC Brewin Dolphin to HMRC revealed that the top 50 child investors were sitting on pots averaging £761,000 in their stocks and share Jisas.

Although the FOI request did not break down the number of cash Jisas versus the number of stocks-and-shares accounts, if relatives have enough money to fund the whole subscription, they are likely to be aware of the long-term benefits of investing.