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Junior Individual Savings Accounts (ISAs)

What is a Junior ISA?
A Junior ISA is a tax-efficient investment wrapper that allows parents, grandparents, friends and guardians to invest on a child's behalf. The income and profits earned on the investment will be tax-free.

As with standard adult ISAs, there are also cash products, provided by banks and building societies, which pay a tax-free interest rate.

Who can hold a JISA?
Any child under the age of 18 who is resident in Britain and who does not already have a Child Trust Fund. If you are aged 16 or over, you can open a Junior ISA yourself, otherwise a parent or guardian must do so for you.

How much can I save tax free per year?
Parents can invest up to £3,600 every tax year.

When can my child access the money?

When they turn 18. At that point, they can either continue the investment as a standard ISA, preserving its tax-efficient status, or withdraw the investment.

Do I have to pay investment fees?

This will differ between providers.

Can I move existing child trust funds into a Junior ISA?

Not at present, although the Government has announced that this will be possible from April 2015.

Does the Government contribute to the Junior ISA?

Unlike with a Child Trust Fund, the Government will not contribute to your child's fund. 

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