What are the benefits of opening a Wombat JISA?
- Tax-free gains – The main benefit of a Junior ISA is undoubtedly the tax-free shelter it provides. Long-term capital growth could see the money invested into Junior ISA appreciate over the lifetime of the account which can run to 18 years, without having to sacrifice any of these profits to tax.
- Money when they need it most – a JISA is specifically designed to allow parents/guardians to save for a time in their child’s life when they may need a lump sum: perhaps to help towards university tuition fees; to fund driving lessons, the purchase of the car, or even help with the deposit of their first house. The funds invested grow inside the tax-free shelter and can’t be accessed until the child’s 18th birthday and remain beyond temptation until then.
- Potentially better returns – Wombat’s Stocks and Shares JISA allows the funds to be invested per the guardian’s wishes. This means the funds invested in the JISA can be optimised for long-term capital growth, and aren’t capped at a very low savings percentage that you might usually see attached to a Cash JISA. Please remember, when investing your capital is at risk and you may get back less than you put in.
- Automation - Our JISA offers the same features as our Stocks and Shares ISA - the option to enable fortnightly Round Ups, that round up the spare change from any purchases. And auto investment features, so you can set-it-and-forget-it, with an automatic monthly payment and investment into the funds of your choice.
- Themes - Our ETFs are packaged into themes, making it much easier to understand what you’re investing in. Forget the complicated stock names, and instead, invest in what you believe in. A greener future, the foods you love, the companies you believe in. All without the complicated jargon.
- 7 day support - Our customer support team are here to help - always! We’re here 7 days a week, and even on Christmas. You can have peace of mind knowing that if you ever need help, we’re just an email away.