Give your child a great start in life with a junior ISA - you use their allowance to save tax-efficiently for their future in both cash and investments.
James Caldwell, Director
Children's ISAs first became available in November 2011. The Government introduced children's ISAs - known as junior ISAs - to replace Child Trust Funds (CTFs), which are no longer available. Junior ISAs can provide an easy and convenient way to save for your child's future, in a tax-efficient way.
In terms of rules and regulations, ISAs for children are similar to adult ISAs.
The annual deposit limits on children's ISAs are different from standard adult ISAs. The 2013/14 tax year allowance for children's ISAs is £3,720.
There are several options available when it comes to deciding how to use this allowance - the money can either be put into a junior cash ISA in its entirety, or it can divided between a junior stocks and shares ISA and a junior cash ISA, in whatever proportion you wish.
|Provider||Junior ISA Provider||Regular Savings||Investment Options||Online Valuations||More Info|
|JP Morgan Junior ISA||Over 850 Funds to choose from with no initial transaction charge or annual account charge. Invest up to £3,600 per year, per child. Invest from £50 per month or lump sums of £500.||More Info >|
|Fidelity Junior ISA||Over 1200 Funds from over 70 Investment Companies||More Info >|
|Family Investments Junior ISA||Invest in worldwide stocks and shares and fixed interest investments. Receive a £20 Boots Voucher when you set up a Direct Debit online (terms and conditions apply)||More Info >|
|Shepherds Friendly Junior ISA||A range of assets including UK and global shares, bonds and cash||More Info >|
|Sippdeal Junior ISA||A range of investment opportunities, including all the FSTE 350 companies.||More Info >|
|Scottish Friendly Junior ISA||A range of assets including UK and global shares, bonds and cash||More Info >|
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.