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Junior ISA

Junior ISA – Tax efficient investing for your children

Would you like to help your child pay for university fees, get on the property ladder, buy a car or go travelling?

Junior ISA is short for 'Junior Individual Savings Account'. A Junior ISA enables you to invest for your child's future without having to pay income tax or capital gains tax on any profits made. Junior ISAs have replaced Child Trust Fund accounts, although the Government will not be contributing payments to Junior ISAs.

Who can have a Junior ISA?

Since the Government only permits one tax-efficient account per child, a Junior ISA can only be opened for children (UK residents) who weren't eligible for a Child Trust Fund account:

• Children born on or after 03 January 2011
• Under 18's born before 01 September 2002 (with no Child Trust Fund)
• Children born between 1 September 2002 and 2 January 2011 who missed out on a Child Trust Fund

A Junior ISA account to suit you

The Share Centre offers three types of Stocks and Shares Junior ISA. Our ready-made Junior ISA caters for those who are not sure what to invest in or want an account which doesn't need to be actively managed. For those who wish to invest in Funds only (Unit Trusts & OEICs), our Funds Junior ISA features lower admin fees than our DIY Junior ISA. Our flexible DIY Junior ISA makes it easy for you to purchase a wide range of Junior ISA eligible investments including stocks and shares, funds, investment trusts, gilts, bonds and exchange traded products (ETFs and ETCs).

Quick set up, easy to manage

Open an account online in a matter of minutes. As soon as you transfer some money into the account, you can start investing. Please note that you must pay in a minimum of £100 or set up a monthly direct debit of £10 to open an account.

Although parents usually open and manage a Junior ISA on behalf of their child*, the account is held in the child's name and family and friends can also pay in funds. Once contributed, money belongs to your child, as it is classified as a gift, and cannot be returned to the donor. *16 and 17 year olds can open and manage their own Junior ISA if they wish.

You can keep track of your child's Junior ISA performance and manage the account securely online or over the phone if you prefer. We'll also send you an annual account statement in April. At share.com, you'll find practical tools and advice for researching the markets and making informed investment decisions.

When your child gets older

When your child reaches 18, their Junior ISA will be converted into an adult ISA and they have the opportunity to access the funds. Please note that your child can take control of their account (but not access to the funds) when they reach 16 years of age if they wish. We'll write to you and your child to let you know your options at the time.

Please remember...

Tax advantages depend on you and your child's individual circumstances and the benefits of Junior ISAs could change in the future. The value of investments and the income from them can fall as well as rise, and you may not get back your original investment.

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