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Financial information for UK families

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Junior Individual Savings Accounts (JISAs)

Parents can save money for their children and grandparents can invest money for their grandchildren by opening a Junior ISA in the UK
What are Junior Individual Savings Accounts?

Junior Individual Savings Accounts (or Junior ISAs) were introduced in 2011 to provide a way for parents and grandparents to invest tax free for their children and grandchildren. They replace the Child Trust Fund (CTF) and are therefore only available for children who did not receive the CTF (children born on or after 3rd January, 2011 or children aged under 18 born before 1st September, 2002).

Who manages a Junior Individual Savings Account?

The account is opened and held in the name of the child, but it is managed by the adult. The child can take control of the Junior ISA when they reach the age of 16 but the money is not accessible until the child reaches the age of 18.

How much can I invest in a Junior Individual Savings Account?

The total amount that you can invest in a Junior ISA is £4,080 per year. You can invest this money in a cash Junior ISA, a stocks and shares Junior ISA or a combination of both.

How do I open a Junior ISA?

Junior ISAs are provided by a range of banks, building societies, credit unions and stock brokers. You should decide which type of Junior ISA is of interest and then approach a number of providers to see which can provide the best deal for you. Once you have chosen a provider you will need to obtain and complete an application form.

Where can I find more information about Junior ISAs?

If you need more information about Junior ISAs you could seek advice from a financial adviser or contact the HM Revenue and Customs ISA helpline: 0845 604 1701. You may also be interested in finding out about Children's Bonds and Premium Bonds.