Imagine if you could open a Junior ISA for your child with £200 of seed money? Well, I’ve teamed up with the guys at Orbis Access to give a reader of Dadbloguk the chance to win just that.
I’ll come on to the details of the competition in just a moment, suffice it to say that entering is very simple. First of all, why invest for your child / children’s future?
If you can afford to put some money aside for your children, I always think you should. Some time ago I wrote this blog post about the amount we’d ideally like to set aside for our children’s future.
The figure I came up with was £94,000. This would cover their higher education costs and leave a small nest egg for a first property.
While I don’t mean to be defeatist, we are never going to achieve that figure. Even so, we are going to save what we can and the Junior ISA route is the one we have chosen.
This is for two reasons. Firstly, once the money is invested in a Junior ISA it can’t be taken back out until the child is 18 and so no matter what happens in the intervening period, the money will simply have to remain in the ISA. Secondly, it’s a tax-free investment so, assuming the investment performs well, the compound interest would boost the amount of money available to Helen and Izzy when they are older.
If you want to explore the option of a Junior ISA yourself, now is the time to do it. In addition to the competition outlined above, Orbis Access is running a Christmas Top Up offer.
Invest in a Junior ISA between now and the end of December and the company will match the first payment up to the value of £100. If this appeals, you can find further information by following this link, (but please do always bear in mind the value of your investment can go up and down).
What about this competition? Well, it’s very easy to enter (full terms and conditions under the Gleam).
Take a look at the Gleam below. You’ll see you have two options:
- Visit the Orbis Access Facebook page where you’re encouraged to like the page and leave a comment
- Follow Orbis Access on Twitter.
Better still, if you enter and win, Orbis will still apply their Christmas top up! If you invested £100 and won the £200 prize, Orbis will add another £100 on top so you’d be starting the Junior ISA with a grand total of £400.
Very best of luck to everyone that takes part. Remember: you’re doing this for the kids.
Disclosure: This post was produced in association with Orbis Access
Competition terms and conditions
- There is one prize of an investment to the value of £200 made into a Junior ISA Account opened with Orbis Access (UK) Limited. The prize is non-exchangeable, non-transferable and no cash alternative is offered and as a result and accordingly an account must be opened in the name of a child who is eligible for an Orbis Access Junior ISA Account in order to receive the prize.
- The prize draw is open to all UK residents aged 18 years or over, except employees of the Promoters, their families, agents or any third party directly associated with administration of the prize draw.
- The prize draw is free to enter and no purchase is necessary.
- The opening date for entries is 8 December 2016 and the closing date is the 31st December 2016. Entries received after this time will not be considered.
- To enter the prize draw an entrant must follow the instructions provided by Gleam.
- Anyone using multiple Twitter accounts to enter will be ineligible.
- This prize draw is in no way sponsored, endorsed or administered by, or associated with, Facebook.
- The winner will be chosen at random from all valid entries by Gleam.
- The winner will be informed within 14 days of the closing date and will need to respond with their email address within 14 days or a new winner will be chosen.
- The winner’s name will be available on request.
- The Promoters reserve the right to replace the prize with an alternative prize of equal or higher value if circumstances beyond the Promoter’s control make it necessary to do so.
- The decision of the Promoters regarding any aspect of the prize draw is final and binding and no correspondence will be entered into about it.
- Participants are deemed to have accepted and agreed to be bound by these terms and conditions upon entry.
- The Promoters reserve the right to refuse entry, or refuse to award the prize to anyone in breach of these terms and conditions.
- The Promoters reserve the right to hold void, cancel, suspend, or amend the promotion where it becomes necessary to do so.
- Winners may be required to participate in publicity related to the prize draw which may include the publication of their name and photograph in any media.
- Personal data supplied during the course of this promotion may be passed on to third party suppliers only insofar as required for fulfilment/delivery/arrangement of the prize.
- The prize draw will be governed by English law and entrants to the prize draw submit to the jurisdiction of the English courts.
- The Promoters are Hillcrest PR Limited of 58 Croydon Road, Caterham, Surrey CR3 6QB (Registered in England, company number 8044861) and Orbis Access (UK) Limited of 28 Dorset Square, London NW1 6QG (Registered in England, company number 8138002). This is a joint promotion.