Junior ISAs - The tax free individual savings account for children. Invest in your child’s future with a Junior ISA Account and help provide them with a financial boost which could help go towards university fees or even a deposit on their first home.

Current government regulations for Junior ISAs

  :: Only children under the age of 18 who are resident in the UK and do not have a Child Trust Fund are eligible for the new Junior ISA.

  :: Anyone can pay into a Junior ISA (family, friends, grandparents, relatives etc) but only the parents or legal guardians can open a JISA account on behalf of the child.

  :: Unlike Child Trust Funds the government will not contribute towards Junior ISAs.

  :: The maximum annual investment allowance is £3600

  :: Each child can have both a stocks and shares and a cash junior isa at the same time (they don’t have to be with the same provider either)

  :: It is not currently permitted to ‘Transfer Child Trust Fund To Junior ISA’

  :: Any interest / dividends earned on the account are tax free

  :: The funds can only be accessed by the child only and only when they reach 18 years of age

  :: Once the child reaches 18 the account will automatically switch to a regular ISA account.