More than 500 children have amassed junior individual saving account (ISA) pots of £100,000 or above, according to St James’s Place (SJP).
According to data produced for SJP from HMRC through freedom of information (FOI) requests, there are 540 children with an investment pot of £100,000 or more. Of those, there are 40 with pots in excess of £200,000.
Junior ISAs, best known as JISAs, were first launched in 2011 for children under the age of 18 an...
Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.
You are currently not logged in,
login to view the full article
start by clicking this button.
Need a subscription,
fill out the form here or
contact subs@thewealthnet.com
PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.
Read more about PAM
