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Parents, friends and family can save up to £3,720 a year into a Junior ISA. The money belongs to your child, but he won’t be able to draw on it until he turns 18, when the Junior ISA becomes an adult account. It isn’t possible to open a Junior ISA account for your child if he already has a CTF.

National Savings & Investments (NS&I) children’s bonds provide tax-free interest for children under the age of 16.

(Business names in this case are being withheld because of the ongoing investigation.) Records in Deakin’s townhouse included debit cards for money transfer services, including Smart Money and Payoneer.

The raid began just before dawn, as seven vanloads of police, investigators, lawyers and social workers rolled out of Manila, past rice paddies and water buffalo, and into a town that was once a large US military base, now a major red light district.

Penciled on the wall, someone had scrawled “My Mom and Dad love me” and a broken heart.

These bonds are backed by the government, so your investment will be secure.

Only parents, guardians and grandparents can invest.

The tip that led authorities to Deakin came, as they often do, when an online international money transfer service notified an American internet provider about a suspicious account.

Western Union, Pay Pal and others have reported concerns in the past.

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