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Junior ISA
A tax-free investment account for children, unlocked when they turn 18.
Parents can contribute up to £9,000 per tax year into a Junior ISA for their child. The child cannot touch the money until they are 18. Investing early for children is one of the highest-impact uses of compound growth.
Example
Yusuf opens a Junior ISA for his newborn daughter and invests £50/month. If it grows at 7% per year, by the time she turns 18 she will have over £21,000 — tax-free, without touching it.
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