Junior ISA Account
With a junior ISA account, you can save or invest up to £3,600 per year for your child without paying tax on any interest or returns. The Government claunched junior ISA accounts in November 2011, offering parents a tax-free way to prepare for their children's future. Any person who is responsible for a child can open a junior ISA account for them, but anyone can pay into it, and the limit can be split between cash and stocks and shares however you wish.
Junior ISA accounts replace Child Trust Funds, but any child who already has a CTF will not be eligible. Only one cash ISA and one stocks and shares ISA can be held by each child at a time, transfers are allowed between cash and stocks and shares, and vice-versa, and you can switch from one provider to another. Junior ISA account providers determine the terms and conditions of the accounts, such as minimum investment requirements, and opening methods. Management of the junior ISA account passes to the child when they reach 16, and from 18 they can access the funds.
| Provider | Junior ISA Provider | Regular Savings | Investment Options | Online Valuations | More Info |
|---|---|---|---|---|---|
 | Fidelity Junior ISA |  | Over 1200 Funds from over 70 Investment Companies | | More Info > |
 | Alliance Trust Junior ISA | | Over 1400 Funds from over 40 UK Fund Managers | | More Info > |
 | Scottish Friendly Junior ISA | | A range of assets including UK and global shares, bonds and cash | | More Info > |
 | Shepherds Friendly Junior ISA | | A range of assets including UK and global shares, bonds and cash | | More Info > |
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