If you are a parent, grandparent, great grandparent or legal guardian, you are able to invest between £25-£3,000 tax free for five years at a time until the child reaches 16. For which then they will gain control of the bond. The interest rate is guaranteed, so you’ll know how much the investment will earn at the end of the five year term.

If you for whatever reason you might need to access the money before the end of the five year term , you would face a penalty – this is equivalent of 90 days interest on the amount you cash in.

If you wish to seek independent financial advice on one of these, we at Hutt Professional have financial advisers with many years of experience who would be more than happy to offer you the independent financial advice you need.  If you are located in Leamington Spa or surrounding areas please do not hesitate to contact us as we will be more than happy to appoint you  with the correct independent financial adviser for yourself.

 

Source:http://www.goldminemedia.co.uk/   16/11/2015