How your Charles Stanley JISA works

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We offer both flexibility and convenience

How your Charles Stanley Junior ISA works

Our initial minimum subscription level is £500. Anyone can top up the account to the annual limit.

Once the account is set up and in credit, you can buy investments and if you sell them at a profit there will be no Capital Gains Tax liability (note that, conversely, you cannot take advantage of capital losses, either). You can keep subscribing up to the statutory limit every year to build up the tax-efficient portfolio.

The Registered Contact will be the sole person authorised to provide instructions to Charles Stanley concerning investments and the administration of the JISA. The Registered Contact will be the person with parental responsibility for the child, though a child who is 16 or older may elect to become the Registered Contact instead.

The investments remain in the child's beneficial ownership, although they cannot be registered directly in the child's own name. This means that neither the child nor the Registered Contact has any direct contact with the management firms whose funds are held.

Please click on the above brochure for more information about this service. This brochure should be read in conjunction with the Junior ISA Supplemental Terms and Our Services and Business Terms.

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You should be aware that the value of JISA investments may fall as well as rise and the child may not get back the amount originally invested. It is always important to seek advice on the suitability of subscribing to a JISA, as this will depend on individual circumstances.

Subscriptions
Anyone can pay subscriptions into the JISA, up to the annual limit, which will be an irrevocable gift to the child who holds the account.

Withdrawals
Withdrawals can only be made when the account holder becomes age 18, except in cases of terminal illness or death. Other than these circumstances, the capital within a JISA cannot be withdrawn and income cannot be paid out.

Once the child turns 18, the investments held in a JISA will automatically be transferred and held in a tax free ISA wrapper, pending the former child's instructions on what he or she wishes to happen to it.

What happens about cash balances?
From time to time there may be cash balances in the JISA pending a suitable investment opportunity. Uninvested cash in a JISA will earn interest gross.

Keeping you informed
We will provide you with a statement and valuation of your JISA at least twice a year by email, or for a small additional fee by post. Monthly factsheets on IM Matterley funds are also available at www.matterley.com. You may also monitor the JISA portfolio at any time through our secure online client area.

Changes in the registered contact's or child's circumstances
There are certain alterations to your or the child's personal circumstances that may affect the JISA, for example if the Registered Contact needs to change. Once the account is established, please keep us informed of anything that may affect the declaration you signed in the application form.

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Charles Stanley & Co. Limited is authorised and regulated by the Financial Services Authority and is a member of the London Stock Exchange, the London International Financial Futures and Options Exchange and the International Capital Market Association. Investors should be aware that past performance is not necessarily a guide to the future and that the price of shares and other investments, and the income derived from them, may fall as well as rise and the amount realised may be less than the original sum invested.

Please read our Legal Information, Privacy Policy, Order Execution & Conflicts of Interest and UK Stewardship Code.