HSBC Junior ISA

Invest up to £9,000 tax free for your child!

Investment ISAs put your capital at risk & you may get back less than you originally invested

Junior Stocks & Shares ISA

from Nutmeg

  • Invest From: £100
  • Investment Options: Invest in one of a range of expertly designed portfolios depending on your investment style

Why we like it: Invest from £100. Simple, transparent – Invest in one of a range of four expertly designed portfolios depending on your investment style. All five Nutmeg investment styles are built by experts and use exchange traded funds to diversify across stocks, bonds, industries, even countries. Choose the one that works for you. Capital at risk. Approved by Nutmeg 24/02/2023

Junior Stocks & Shares ISA

from Interactive Investor

Regular Savings
  • Invest From: £25 pm
  • Investment Options: Choose from more than 40,000 UK and global investment options for your child's ISA

Why we like it: ii offer a flat fee service which over time could save you money compared to platform providers who charge on the value of investments held. ii offer ready made funds including their ethical funds which allows you to invest in line with your principles covering environmental, social and governance factors. Capital at Risk

Junior Stocks & Shares ISA

from AJ Bell

Regular Savings
  • Invest From: £25 pm
  • Investment Options: AJ Bell offer a wide range of investments including shares, funds, investment trusts and ETFs (exchange traded funds)

Why we like it: Which? Recommended Investment Provider. Invest from £25 pm or invest a lump sum up to £9,000 in the current tax year. AJ Bell offer a wide range of investment options. For a “no hassle” option, you can choose from one of 8 funds and AJ Bell Investments will do the rest. AJ Bell offer a “Responsible Growth Fund” focused on companies taking their commitment to the environment and society seriously. . Capital at risk.

Junior Stocks & Shares ISA

from Shepherds

Regular Savings
  • Invest From: £10 pm
  • Investment Options: Is an insurance based Junior ISA which invests in stocks and shares via a With-Profits pooled fund

Why we like it: Your child’s money will be invested through a fund manager & will be invested primarily in stocks and shares, with the aim of achieving higher growth over the long-term than might be available through a cash-based Junior ISA. Open a Junior ISA for your child and get rewarded too. . Capital at risk. Please note: As with all investing, your capital is at risk you may get back less than you have put in. The value of the ISA will depend on the performance of the investments and any bonuses cannot be guaranteed. Additionally, if investment conditions are poor, we may apply a Market Value Reduction (MVR)

Junior Stocks & Shares ISA

from Wealthify

Regular Savings
  • Invest From: £1
  • Investment Options: Choose from one of five investment styles based on risk, and a team of experts build your child’s Junior ISA, choosing which investments to buy and managing them on your behalf

Why we like it: You can choose to invest for you child in an Ethical Plan or an Original Plan. Wealthify Junior ISAs contain a range of investments from across the globe matched to the level of risk you choose. Each Junior Stocks & Shares ISA will contain up to 20 investment funds from providers like Blackrock and Vanguard Wealthify is authorised and regulated by the Financial Conduct Authority (FCA). Your money is looked after by our team of experienced and qualified investment managers, and we’re backed by global financial services provider, Aviva. Invest up to £9,000 per year and/or transfer from existing Junior ISA or Child Trust Fund. Capital at risk.

Socially Responsible Junior Stocks & Shares ISA

from Nutmeg

Regular Savings
  • Invest From: £100
  • Investment Options: Nutmeg offer a socially responsible junior investment ISA which places emphasis on environmental and social and governance factors

Why we like it: Open with a lump sum from £100. Simple, transparent – Socially responsible portfolios are tilted towards companies and bond issuers that have high environmental, social and governance (ESG) standards. Nutmeg invest in exchange traded funds that avoid companies engaged in controversial activities while focusing on those that lead their peers on ESG. Capital at risk. Approved by Nutmeg 24/02/2023

Junior Stocks & Shares ISA

from Best Invest

Regular Savings
  • Invest From: No Minimum
  • Investment Options: Choose your own investments, invest with help from an adviser or let the experts take care of it all for you

Good to know: Junior ISAs work in the same way as adult ISAs. They give children an allowance every year to save money or invest without paying any Income Tax or Capital Gains Tax. This year the annual Junior ISA allowance is £9,000. Capital at risk.

Junior Sustainable Stocks & Shares ISA

from Shepherds

Regular Savings
  • Invest From: £10 pm
  • Investment Options: The fund aims to invest in innovative, sustainable companies that offer both the potential for long-term growth and a positive benefit to society

Why we like it: Invest in a brighter future for you and the world. A Sustainable Junior ISA lets you grow your child’s savings in a way that matches your values of acting responsibly and making a positive difference. The fund aims to invest in sustainable companies that offer long-term growth, while making a positive difference to the world your child grows up in.

Junior Stocks & Shares ISA

from Hargreaves Lansdown

Regular Savings
  • Invest From: £25 pm
  • Investment Options: Invest in over 3,000 funds, UK and overseas shares, investment trusts and ETFs

Good to know: With an HL Junior Stocks and Shares ISA, you can choose investments for your child including UK and overseas shares, Investment trusts, bonds and exchange-traded funds (ETFs). HL have over 1 million clients who trust them for their investments. Capital at risk

Junior Stocks & Shares ISA

from Scottish Friendly

Regular Savings
  • Invest From: £10 pm
  • Investment Options: A selection of 9 funds so you can tailor your child's investment
See Deal When you take out a My Select (Junior ISA) Scottish Friendly will pay £50 into the Junior ISA for your child.

Why we like it: Offers a selection of 9 funds to choose from, including an “International Ethical Fund” so you can tailor your child’s investment. Winner of Best Junior ISA provider for the 2nd year running at the Investment Life and Pensions Moneyfacts Awards 2020. Capital at Risk

Junior Stocks & Shares ISA

from Beanstalk

  • Invest From: £10
  • Investment Options: Allocate your savings between a cash money market fund / shares fund from L&G and Fidelity

Why we like it: Rated the Best Junior ISA two years in a row at the Good Money Guide awards. Beanstalk app is free to download and use. The only charge is an annual fee of 0.5% on the value of any investments, one of the lowest around. Rated excellent on Trustpilot. Capital at Risk

HSBC Junior ISA

A Junior ISA is an initiative by the government to encourage and help parents to save for their children’s futures. It was launched in 2011 and both tax-free savings and investment ISAs are available.

You’re able to have one of each type of ISA per child and transfers are permitted between the two or to a new provider, much like adult ISAs.

The current junior ISA allowance is £9,000.

HSBC Junior ISA Review

HSBC Bank plc is one of the largest banking and financial services organisations in the world. HSBC’s international network comprises around 7,500 offices in over 80 countries and territories in Europe.

HSBC do not currently offer a Junior ISA saver but do offer a child’s savings account which does not fall under the tax-free wrapper.

Find further information on junior ISAs below.

Who Can Open a Junior ISA?

ISAs can be opened by anyone who has parental responsibility for an eligible child. Management of the ISA passes to the child when they turn 16. However, funds remain inaccessible until the child turns 18, after which they can either withdraw the funds, or have their account roll over into an adult ISA.

It’s worth taking in to account that you no longer have any control over the money once they child receives it and therefore, if you have a specific savings goal for the money in mind then it may be best to open a savings account in your name.

What are the rules surrounding Junior ISAs?

Junior ISAs operate on a similar principle to regular adult ISAs. It’s permissible to switch providers, but only one of each type of ISA can be held by each child at a time.

Unlike Child Trust Funds, Junior ISAs don’t involve any Government contribution.

Each year there is a Junior ISA allowance. This allowance can either be put into a Junior cash ISA or divided between a Junior Stocks and Shares ISA and a junior cash ISA in whatever proportion you wish. The money will automatically pass to the child when it reaches 18 but no withdrawals are permitted before then.

What are the Advantages of Junior ISAs?

Junior ISAs provide parents, friends and family members with a convenient, tax-efficient way to save for a child’s future

  1. The money saved in a junior ISA stays tax-free once the child reaches the age of 18
  2. The money is locked away until the child turns 18

If you want to save an annual amount for your child that generates over £100 in yearly interest, a junior ISA ensures that this interest isn’t taxed