✉news BusinessPersonal Finance first seen 12 h ago, last 5 h ago, peak #8
Parents saving £100 a month but children can't touch it until 57
Original: We're saving £100 a month for our kids but they won't get it until they're 57
A family has spoken publicly about putting away £100 a month for their children, with the money locked away until each child turns 57 under long-term savings rules. The story has sparked discussion about whether such restrictive savings vehicles make sense for young savers, and how parents should balance long-term growth with access when their children may need money far sooner in adulthood.
Why now: It highlights the surprising and controversial rule that Junior ISA-style savings stay locked until age 57 for children born after April 2006, prompting debate among parents.
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