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Junior ISA Limit

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Junior ISAs

Junior Stocks and Shares ISA

from Hargreaves Lansdown

Regular Savings
  • Investment Options: Invest from £25 per month or deposits of £100.

Why we like it: Invest for your child from £25 pm tax free. A wide range of top performing funds to choose from. The annual charge for holding investments in a Hargreaves Lansdown Junior ISA is never more than 0.45%. Your dealing and other charges will depend on the investments you choose.

Important: The value of your investments can rise as well as fall. You may get back less than you invested. If you’re unsure, we recommend you ask for independent advice.

Junior Stocks & Shares ISA

from Interactive Investor

Regular Savings
  • 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.

Important: The value of your investments can rise as well as fall. You may get back less than you invested. If you’re unsure, we recommend you ask for independent advice.

Junior ISA Limit

The Junior ISA limit for the 202`/22 tax year is £9,000.

What is a Junior ISA?

Junior ISAs are a savings initiative launched by the government in November 2011 in order to replace the Child Trust Funds. Each child is entitled to the annual allowance which provides parents, relatives and family friends an easy way to save for a child’s future.

Transfers can be made between Junior Cash ISAs and Junior Stocks and Shares ISAs as well as between providers. You can also convert your Child Trust Fund in to an ISA but you will not be able to open a Junior ISA without transferring the Trust Fund first. A child may only hold one Junior Cash ISA and One Junior Stocks and Shares ISA at the same time.

Why Should I use my Child's Junior ISA Allowance?

There are advantages and disadvantages to ISAs but it’s good to be aware of all your options. Recent research suggests that the vast majority of parents with children under 18 believe it's important to save on behalf of their child, but over half of those questioned said they hadn't heard of Junior ISAs.

Launched in November 2011, Junior ISAs offer each eligible child an annual allowance - just like an adult ISA allowance - which can be put into a Cash ISA and a Stocks and Shares ISA, in whatever proportion the adult opening the account chooses.

Cash ISAs are becoming less popular due to the dwindling interest rates and many savings accounts now offer a higher rate. Children are also entitled to the Personal Savings Allowance so if you’re planning on saving an amount under the limit, a savings account could offer you a better deal.

Who is allowed to Put Money into a Junior ISA? Are there any Restrictions?

Anybody can place money in to the account. Family members, friends, or organizations can contribute to a Junior ISA on behalf of a child, but it must be set up by someone who has parental responsibility for the child. Once the child reaches 16, they can manage the ISA themselves, but nobody will be able to withdraw any money from the account until the child reaches the age of 18 when full responsibility transfers to the child.

Are there any regulations that make a Junior ISA different from an Adult ISA?

On the whole, Junior ISAs are very similar to regular adult ISAs in terms of rules and regulations

  • Savings and investments cannot be cashed in before the child reaches 18 when they will assume full control
  • Like adult ISAs, you can divide the Junior ISA allowance between cash and investments in whatever proportion you wish
  • Children who already have a Child Trust Fund do not qualify for a junior ISA. However, you are able to transfer the trust fund to an ISA
  • A young person aged 16 can open their own Junior ISA. They can also open a regular cash ISA as well
  • An adult with parental responsibility may open a junior ISA on behalf of someone aged under 16 years old
  • Anyone can contribute towards the Junior ISA once it is opened, including grandparents, family members and friends
  • All money contributed into a junior ISA is considered a gift and cannot be subsequently returned to the giver if they change their mind
  • No withdrawals can be made from the account, until the child turns 18 at which point the account rolls over into a normal type of ISA, in their name, and they can do with it whatever they wish


Give your child a great start in life

Junior ISAs are a popular way for family and friends to build up tax-efficient savings and investments for eligible children to help them with the cost of university, provide a deposit for a house or simply give them a great start in life.

This guide explains what a Junior ISA is, the rules and:

  • The age limit for Junior ISAs
  • How much can I invest in a Junior ISA?
  • The tax benefits of investing in a Junior ISA
  • Who can open a Junior ISA

Get a FREE Guide to Junior ISAs »

Important Risk Information:

The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website aims to provide information to help you make your own informed decisions. It does not provide personal advice based on your circumstances. If you are unsure of how suitable an investment is for you, please seek personal advice.

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Stocks & Shares ISAs

Types of Stocks and Shares ISA include: 

Stocks and Shares ISAs

Latest News

5 Considerations for Your Next Investment ISA

15th March 2021

You've decided to invest your savings into a Stocks and Shares ISA. You'll be using your tax-free ISA allowance for this year before the deadline, while also investing your money for your future. But what do you need to consider before opening an account? We've put together a list of our top five considerations for you to think about before you click "apply". 

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