Best Children's Savings
Teach your kids to save at up to 4.5% interest
Children can earn up to 4.5% in the top savings accounts – yet many have cash in accounts paying dismal amounts, depriving them of interest and the lesson that your money can work for you. This is a guide to the top-paying children's accounts, including how to use their tax-free allowance for your gain.
Cut childcare costs by £1,000/year
Many parents can save £100s a year using childcare vouchers, which allow you to pay for childcare from your PRE-TAX salary. The scheme closed for new applicants on 4 Oct, but if you were signed up before then, you can still use them, so we've left this guide as it were. If you missed the deadline, then Tax-Free Childcare might be a good alternative for you.
Child Trust Funds
Should you switch to a junior ISA?
Child Trust Funds (CTFs) are defunct tax-free savings products, but the six million original accounts can be converted into more competitive junior ISAs – and the first children eligible for the funds are now old enough to manage their account themselves.