The Martin Lewis Podcast The Top Children’s Savings & Investment Accounts | Car Finance Mis-selling Update
Sep 11, 2025
Discover the ins and outs of children's savings with Junior ISAs, Child Trust Funds, and the power of premium bonds. Get the latest scoop on car finance mis-selling and find out how millions might qualify for compensation. Explore smart investment strategies for kids, including index trackers and robo-investing. Delve into how emotional perspectives shape our views on wealth and the importance of financial literacy for the younger generation. Plus, learn how early pension contributions can set children on a path to financial success!
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Secure Your Finances First
- If your family can afford it, prioritise your own financial security before saving for children.
- Only save for kids after clearing costly debts and ensuring immediate living costs are covered.
Move To Top Kids Savings Accounts
- Move children’s savings to higher-paying kids accounts like Halifax Kids Monthly Saver or Nationwide FlexOne.
- Check limits and access rules because some top rates apply only to monthly or capped amounts.
Children's Tax Is Tricky
- Children are taxed like adults but most don't earn enough to pay tax on savings or gains.
- However, interest from money given by parents becomes taxable to the parent above £100 per year, so watch gifting rules.