Junior Cash ISA

 

Junior cash ISAs will offer a tax-free savings account for children, where parents, family, or friends can contribute funds to help prepare for the child's future. The proposed allowance for junior ISAs is £3,000, which can either be put into a junior cash ISA, or divided between a junior stocks and shares ISA and junior cash ISA, in whatever proportion you wish.

Set to become available from November 2011, junior cash ISAs can be opened by any person with parental responsibility for a child, providing that child does not already hold a Child Trust Fund, which junior ISAs are intended to replace since they were scrapped. Once the child reached 16 they will gain management of their own account, and they can access the funds when they turn 18. Funds in a junior cash ISA can be transferred to stocks and shares ISAs or vice-versa, and you will be able to switch providers, but only one junior cash ISA can be held by each child at a time.

 

Cash ISA Selection
ProviderAccountInterest Rate (AER)TermApply
RPI Tracker5 YearsApply Now >
5 year capital protected structured deposit plan offering 100% of any growth in the Retail Prices Index with no cap, or a minimum return of 16%. Also available for Cash ISA and Cash ISA transfer.
19%3 YearsApply Now >
This structured capital protected deposit plan offers a maximum return of 19% at maturity. Also available for Cash ISA and Cash ISA transfer.
7.25%6 YearsApply Now >
A 6 year capital protected structured deposit plan designed to pay 7.25% annual income. Also available as a cash ISA and ISA transfer.

*Income payments and returns are dependent on the performance of the FTSE 100 index.

 

Structured Income ISAs
 Product NameISA OptionIncome YieldMore Info
FTSE 100 Bonus Income Planyes7.50%
per annum
More Info >
5 year structured investment plan paying an income of 7.50% annually, including a potential annual bonus of 0.5%. Also available as a monthly income option, Stocks & Shares ISA investment and ISA transfer.
Income Builder yes7.50%
per annum
More Info >
A 5 years and 3 weeks structured investment plan paying a potential maximum quarterly income of 1.875% (equivalent to 7.50% per year). Also available for Stocks & Shares ISA and ISA transfer.

The value of investments and any return from them can fall as well as rise and you may not get back the full amount invested. Please ensure that you read the Important Risk Information below. 

 

Structured Growth ISAs
ProviderPlan NameMaximum Potential Return*TermMore Info
FTSE 100 Enhanced Kick Out Plan Investec Version13.50%
per annum
Up to
5 years
More Info >
Structured investment plan with the potential to mature after years 1, 2, 3 and 4. If the plan matures early it will return 13.5% times the number of years the plan has been in force. Also available for Stocks & Shares ISA and ISA transfer.
FTSE Bonus Growth Plan12.50%
per annum
Up to 6 yearsMore Info >
6 year structured investment plan with the potential to mature early, returning the greater of 12.5% for each year the plan is in place, or the highest return from the FTSE, measured daily. Also available for Stocks & Shares ISA and ISA transfer
* Maximum Growth Yields are not guaranteed and subject to certain conditions

The value of investments and any return from them can fall as well as rise and you may not get back the full amount invested. Please ensure that you read the Important Risk Information below. 

 

Income Fund ISAs
 Product NameISA OptionIncome YieldMore Info
Monthly Income Plus Fundyes
7.50%*
More Info >
Popular monthly income fund that aims to achieve a high level of income whilst seeking to maximise total return through investing in high yielding corporate and Government bonds, together with UK equities. 100% discount on initial charges.
Higher Income Fundyes
7.05%**
More Info >
Income Paid Quarterly. The objective of the Fund is to achieve increasing distributions on a calendar year basis with long term capital growth. The Fund may also invest in collective investment schemes. 100% discount on initial charges.
*Current Income Yields are Gross, Variable and Not Guaranteed
**Historic Yield reflects distributions declared over the past 12 months as a percentage of the mid-market price of the fund.
*** This is the target yield the fund aims to achieve per year, it is not guaranteed and could change according to prevailing market conditions. The target yield is net of basic rate tax.
Information correct as at 08/02/2012.

The value of investments and any return from them can fall as well as rise and you may not get back the full amount invested. Please ensure that you read the Important Risk Information below. 

 

 

Share Dealing ISAs
ProviderAccountCharge FromOnline 
£11.95 per UK online tradeyesApply Now >
£12.50 per online tradeyesApply Now >
£12.50 per online tradeyesApply Now >

The value of investments and any return from them can fall as well as rise and you may not get back the full amount invested. Please ensure that you read the Important Risk Information below. 

Important Risk Information:

This website contains information only and does not constitute advice or a personal recommendation in any way whatsoever. The value of investments and income from them can fall as well as rise and you may not get back the full amount invested. The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.

Different types of investment carry different levels of risk and may not be suitable for all investors. Please ensure that you read the Important Risk Information for further details. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular investment and should read the product literature. If you are in any doubt as to the suitability of a particular investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.

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The information and content of this website is subject to the UK regulatory regime and is therefore intended for UK consumers.


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