Posted by admin in
Finances on 10 8th, 2011 |
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On November 1st, 2011, Compare Junior ISA becomes effective. Junior ISA is a program developed in the UK to help prepare save money for their children’s future. This program allows parents to set aside money each year, tax free that will slowly accumulate into money that can be used for their children’s college payments or anything else.
The money must stay in the fund until the child reaches the age of 18. At that time, the money can be withdrawn and used for whatever purpose the family decides. With Junior ISA, anyone can contribute to the fund. Anyone of...