Junior ISAs

The value of investments and the income they produce can fall as well as rise. You may get back less than you invested.

Tax treatment varies according to individual circumstances and is subject to change.

Junior Individual Savings Accounts (ISAs) are a long-term, tax-free savings account for children. In the 2016-2017 tax year, the savings limit for Junior ISAs is £4,080. Junior ISAs are available for any children, living in the UK who are aged under 18.

Two happy children with moneybox savings isolated over white

Junior ISAs can be invested in cash or stock and shares. There is no income tax or capital gains tax to pay on the investments. They are managed by the child’s parent however the money belongs to the child. Once the child reaches 16 they can take control of their investment but cannot withdraw funds until they are 18.

You can’t have a Junior ISA as well as a Child Trust Fund.

Also see

NISAs (ISAs) Help to Buy ISA