Tax-free children's savings account?

In the UK, the government is considering to make children's savings account tax-free. This initiative will have to encourage families in all layers of society to save more, not only for their children but even for themselves. The Treasury needs to have an advantage in this proposition as well, to reduce costs, they will stop giving vouchers when children reach their 7th birthday. By the beginning of next year, the new measurement could probably be introduced for all children, including those who already have an account.

Kevin Rokegem

Source: The guardian