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So that raises the question - what can we do to encourage more people to use a Junior Isa? Recent research from Family Investments showed that 92% of parents with children under 18 said they thought it was important to save on behalf of their child, but more than half (56%) still had not heard of a Junior Isa.
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As previously trailed you will be able to put more in an Isa or, if you are saving on behalf of a child, in his or her Junior Isa.
"To give you an idea as to how much could be saved on behalf of a child, a monthly contribution of £50, assuming growth of 7 per cent per annum, could grow to a pot of more than £21,000 over 18 years.
Right now, Digit makes money off the interest from cash it's saving on behalf of users.
That is, if Digit is saving on your behalf and you don't really notice any money has gone missing from your checking account, well then, the team at Digit believes it's doing its job well.
Some help is available already: governments offer generous tax relief on pension contributions, while employers will save on your behalf.
We all know that personal saving dropped as inequality rose; but maybe the rich were in effect having corporations save on their behalf.
Oren is currently litigating the first lawsuit filed in the country against the Trump Administration to save TPS on behalf of Haitian, Honduran and Salvadoran immigrants.
That's a lot of hours saved on their behalf and quite a few spent on mine.
In a related study, Ssewamala et al. (2010) found that adolescents who knew their care-givers were saving on their behalf performed better in school.
God's justice, or righteousness, involves God's saving action on behalf of humankind.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com