According to the latest government data, more than £1.5 billion was put into junior ISAs in the 2022-23 tax year, with 757,000 accounts in cash and 489,000 accounts in stocks and shares.
Looking for the best stocks and shares ISA? Stocks and shares ISAs historically tend to provide a greater return on investment than cash ISAs so they’re well worth a look if you have money to invest.
Simon Lambert is the editor of This is Money and has been a financial journalist for almost 20 years. Simon writes about everything to do with money, but has a keen interest in investing, the ...
you might be wondering which type of ISA to choose. Rock-bottom savings rates in recent years have meant that many people have turned to stocks and shares ISAs in the hope of generating returns that ...