We understand that your children, grandchildren and younger family members are as important as they are unique. From the many highs of raising and looking after a child, we are also aware of the time constraints that come with it. That’s why we’re here to help guide you with smart and simple advice, to make the process of investing in your child’s future as easy as possible. 

Here we’ve broken down the most important and frequent questions regarding a Junior ISA. Our goal is to open up the conversation around investment with you, so we can guide and advise, allowing you to choose the right trust fund for the cherished little ones in your life.

What is a Junior ISA?

First up, let’s start with the basics, Junior ISAs were launched in the UK on the 1st of November 2011. They offer tax free savings for children, much like a traditional ISA or trust fund, they set up your child for their future by offering long-term tax-free savings. It could be contributing to their first home, education or even future travel plans, who knows what life may bring! 

How much is the junior ISA allowance?

To open our Junior ISA you simply need a minimum investment of £10. Then the amount that you can invest increases every tax year, in line with the current financial guidelines. You don’t have to worry we’ll keep you updated on that.

Who does a Junior ISA money belong to?

If you opened the account, you are in control of the Junior ISA. Management can be passed on, with your consent, from the age of 16. Please note, even if your sixteen year old becomes the manager, they can only access the funds once the Junior ISA becomes a standard ISA, at the ripe old age of eighteen.

Who can contribute to a Junior ISA?

We need any parent or guardian to open a Junior ISA with us, after that, we allow anyone with the details to make contributions directly into the ISA, no hassle. We recommend that you drip-feed your money in, as we all know, the stock market can go up as well as down. It’s also a handy option for gifting, no more unwanted toys or duplicate gifts!