The Government has now published the draft regulations for its Junior ISAs. A brief summary is:
- Junior ISAs will be available from 1 November 2011.
- Children may have one cash and one stocks and shares Junior ISA at any time, with an overall contribution limit of £3,000 per annum.
- Junior ISAs will be offered by high-street banks, building societies, etc.
- Funds will be ‘locked in’ until the child is 18.
Date: 19th April, 2011
Articles from this Author
20th July, 2017
Uncertain times for winding up transactions
3rd July, 2017
9th June, 2017
27th April, 2017
Government places Making Tax Digital legislation on hold
Contact a Private Client Partner
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole