Tesco Junior ISA
Compare Junior Stocks & Shares ISAs From £10 pm!
Investment ISAs put your capital at risk & you may get back less than you originally invested
- Invest From: £25 pm
- Investment Options: AJ Bell offer a wide range of investments including shares, funds, investment trusts and ETFs (exchange traded funds)
Good to know: 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 AJ Bell Responsible Screened Growth fund’ focused on companies taking their commitment to the environment and society seriously. Capital at risk.
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- Invest From: £20 pm
- Investment Options: A choice of 9 funds, including a Unitised With-Profits fund that comes with a guaranteed minimum payout
Good to know: Take your pick from 9 funds with different levels of risk and reward to create your very own investment strategy for your child. Includes a Unitised With-Profits fund that comes with a guaranteed minimum payout when the child turns 18, provided no switches or withdrawals are made. Welcome Gift: After you start investing in a My Select (Junior ISA) Scottish Friendly will pay £50 into the Junior ISA for your child. Winner of Best Junior ISA Provider 2024 for the 6th year running at the Investment Life and Pensions Moneyfacts Awards. Capital at Risk
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- Invest From: From £10 a month or £100 lump sum
- Investment Options: Choice of two funds: Family Balanced International Fund for more cautious long-term investors, or Family Charities Ethical Trust Fund for more adventurous long-term investors
Good to know: Invest up to £9,000 per year (current tax year limit). Also available for zero fee Junior ISA transfer held elsewhere, or child trust fund transfer. Simple choice of two funds: one for more cautious investors and one for those who are comfortable taking more risk. Manage your junior ISA 24/7 with their simple online account. OneFamily is an award-winning investment provider with over 45 years’ experience in helping families make the most of their money. OneFamily is owned by members for members, which means they don’t have shareholders to pay – so they can reinvest profits for good. To open a One Family JISA, the child must be under the age of 16 and funds cannot be withdrawn until the child turns 18. Annual Management Charge of 1.5%. OneFamily’s Junior ISA is a stocks and shares junior ISA. That means the money that you pay in goes into a fund that’s invested in the stock market. This gives your money good potential to outgrow interest rates, but there is a risk that its value could go down, which would mean your child getting back less than has been paid in. Capital at risk.
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- Invest From: From £1 pm
- 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
Good to know: Junior ISA built and managed for you matched to your level of risk. Invest up to £9,000 in the current tax year. No minimum investment, invest from just £1. Raise, lower, or stop and restart your payments any time you like. Available for children under 18. The value of investments and any income can fall, so the Junior ISA could return less than you invest. Returns on investment funds are not guaranteed. Capital at Risk
- Invest From: £25 pm
- Investment Options: Choose from more than 40,000 UK and global investment options for your child's ISA
Good to know: 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
- Invest From: £10 pm
- Investment Options: Is an insurance based Junior ISA which invests in stocks and shares via a With-Profits pooled fund
Good to know: 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)
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- 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
- Invest From: £20 pm
- Investment Options: Choose either a ready made portfolio, or DIY with a choice of different funds
Good to know: Choice of ‘Ready-made’, an easy start option of investing in a single fund. These ready-made options could be an ideal choice to begin investing for your child. Alternatively choose from a selection of 9 funds to choose from, International Ethical Fund, so you can tailor your child’s investment, whether that is investing in just one, a mixture of all 9 or somewhere in between. Winner of Best Junior ISA Provider 2024 for the 6th year running at the Investment Life and Pensions Moneyfacts Awards. Capital at Risk. *Into the Junior ISA for your child.
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- Invest From: £10
- Investment Options: Allocate your savings between a cash money market fund / shares fund from L&G and Fidelity
Good to know: 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
Tesco Junior ISA
A Junior Cash ISA is a simple, affordable way to save for your child’s future if they don’t have a Child Trust Fund. The money in the ISA belongs to the child, who can then withdraw it when they reach 18.
You are able to save up to £9,000 tax free in the 2021/2022 tax year, this is the combined total for a Junior Cash ISA and a Junior Stocks and Shares ISA.
Tesco offer:
- A competitive interest rate
- Low minimum deposit, you can open your account with just £1
- Ability to manage the account with online and telephone banking
- Ability to make deposits whenever you want
Who Can Open an Account?
Anyone with parental responsibility for a child can open a Junior ISA. So if you’re a parent or guardian of an eligible child, you can open a Junior Cash ISA for them.
Other people can save into your child’s account as well such as grandparents, other relatives and friends. However, the total savings in the Junior ISAs must not exceed the annual limit for that tax year.
A young person aged 16 or over can open an account themselves but will not be able to do this online.
If you’ve already subscribed to a Junior Cash ISA, then you will only be able to open another if you transfer all of your subscriptions from the existing provider, to the new provider. Your ISA provider may charge a fee to transfer funds.
Children with a Child Trust Fund are not eligible for a Junior Cash ISA but are able to transfer their Trust Fund in to a Junior ISA.
How Transferring Works and What you Can Transfer
A child may only have one Junior Cash ISA at any time or also have a Junior Stocks and Shares ISA alongside. However, it’s possible to transfer all of the money in an existing Junior Cash ISA to another Junior Cash ISA providing the existing account is then closed.
If you want to move your money from a Junior Cash ISA with another provider to Tesco, you can do this by using the ISA transfer process. The process is far quicker and easier than in previous years and simply involves filling in a form.
You are able to transfer:
- All, but not part, of the funds saved in an existing Junior Cash ISA to a new Junior Cash ISA
- All or part of the funds in a Junior Cash ISA saved in a previous tax year to a Junior Stocks and Shares ISA
- All of the money held in a Junior Cash ISA to a Junior Stocks and Shares ISA, then a new Junior Cash ISA can be opened
Some providers may have restrictions or charge a fee on transfers, so you should always check this with them before transferring money to or from another provider.