A junior individual savings account (Jisa) is a tax-efficient way to save or invest for your child. You can make a contribution to a Jisa every tax year between your child's birth and 18th birthday, at present up to £4,260 per tax year. A Jisa has to be opened by a parent or legal guardian, but others can contribute to it, for example grandparents or friends. However, once your child reaches 18 they assume control of the account, so if you want control over how the money is managed or spent after then a Jisa may not be the best option.
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