Skip to main content

Disclaimer

Whilst every effort has been made to ensure the accuracy of the information provided in this directory, we do not accept any responsibility or liability for any errors that have occurred. It is recommended that you always check with providers that their service or organisation meets your requirements. We offer an impartial service and we cannot recommend or endorse any providers listed.

Further information

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. 

Share your feedback on this page ∇

Please provide feedback on our website. Try to include any constructive suggestions for improvements and we will do our best to incorporate them.



Back to top