Chris Rudden, Head of Investment Consultants at Moneyfarm, comments on scenarios and unexpected life events that could have a potential impact on a child’s JISA.

In today's turbulent financial landscape, families are increasingly turning to Junior Individual Savings Accounts (JISAs) as a means to secure their children's financial future.  However, as families navigate life's uncertainties, it's essential to understand the ownership surrounding JISAs.  

Scenarios that can have a potential impact on a child’s JISA include death of a parent, parental divorce, relocation abroad and adoption.

Chris Rudden, Head of Investment Consultants, Moneyfarm explains:

There are a number of life events that can throw a child’s JISA into uncertain waters and bring to question ‘who owns the JISA?’. It is important, no matter what life event you’re navigating, to ensure that your child’s JISA doesn’t fall by the wayside as over time it can provide a significant amount of money which can be accessed once the child reaches 18.” 

Who owns the JISA?

For further information please contact:

Camarco

Georgina Whittle, Director, 020 3757 4987 / 07835 770967 / georgina.whittle@camarco.co.uk

Annabel Reed, Senior Consultant, 020 3781 9242 / 07969 273049 / annabel.reed@camarco.co.uk