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Investing Child Benefit payments in a Junior ISA could grow to £45,000 by age 18, but risks exist.
British parents could potentially grow their Child Benefit payments to £45,000 by the time their child is 18 by investing the annual £1,331 in a Junior ISA.
Antonia Medlicott, founder of Investing Insiders, suggests using a low-cost tracker fund for this strategy, which leverages compound interest and tax-free growth.
However, she warns that such investments carry risks and 7% returns are not guaranteed.
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Los pagos de la prestación por hijos a cargo en una ISA Junior podrían aumentar a 45.000 libras esterlinas a los 18 años, pero existen riesgos.