Here you'll find our selection of the latest junior ISAs available from leading providers. Choose from a wide range of funds, shares, bonds and cash options to help you make the most of your child's ISA allowance.
James Caldwell, Director
Junior ISAs are an initiative by the Government to help parents save for their children's future. Launched in November 2011, junior ISAs offer tax-free savings and investments. Each eligible child is allowed to have one cash ISA and one stocks and share ISA at any time. Transfers are permitted between cash and stocks and shares junior ISAs, or to another junior ISA provider. Children who were born between 1st September 2002 and 3rd January 2011 will already have a Child Trust Fund, and are therefore not eligible for a junior ISA.
ISAs can be opened by anyone who has parental responsibility for an eligible child. One ISA can be opened per 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.
In terms of rules and regulations, junior ISAs operate on a similar principle to regular adult ISAs. It's permissible to switch providers, but only one junior ISA can be held by each child at a time. Unlike Child Trust Funds, junior ISAs don't involve any Government contribution. The 2014/15 tax year allowance for junior ISAs is £4,000. 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.
Use the tables below to compare a selection of junior ISAs.
|Provider||Junior ISA Provider||Regular Savings||Investment Options||Online Valuations||More Info|
|Trustnet Direct Junior ISA||Invest up to £4000 in a Junior ISA. Regular investing at just £2 per investment per month. Low-cost 0.25% platform fee capped at just £200 per year, easy to understand clear charges that are guaranteed not to rise until 2017.||More Info >|
|Family Investments Junior ISA||Make saving and investing for your child’s future simple with Family Investments. We won the award for Best Junior ISA Provider in the Moneyfacts 2014 Awards and are committed to convenience: manage your child’s Junior ISA with online account management or speak to someone in our friendly UK-based call centre. Please remember the value can fall as well as rise and your child may get back less than has been paid in.||More Info >|
|Junior Stocks and Shares ISA||Choose from over 2,500 unit trusts and OEICs from leading fund managers. 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 >|
|Shepherds Friendly Junior ISA||A range of assets including UK and global shares, bonds and cash||More Info >|
|Junior ISA||A range of investment opportunities, including all the FSTE 350 companies.||More Info >|
|Scottish Friendly My Select 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.