Investing in a Junior ISA is one of the most straightforward ways to save for the next generation in a tax-efficient way.
A Junior Stocks & Shares ISA is a great way for parents and grandparents to invest money for their children or grandchildren, which cannot be accessed until they turn 18.
You can easily transfer and consolidate existing Junior Cash ISAs or Child Trust Funds held with other providers into our Junior Stocks & Shares ISA.
You can invest a Junior ISA in a wide range of assets in order to take advantage of global investment opportunities and maximise growth.
A Junior ISA (JISA) is a tax-efficient savings account for children under 18 who are residents in the UK. It’s a popular way for family and friends to build up tax-efficient savings for a child.
The tax benefits with a Junior ISA are the same as an adult ISA, with no capital gains or income tax. You can invest up to £9,000 every year, but cash withdrawals are only possible from the age of 18 when it automatically converts to an adult ISA.
With our Stocks & Shares JISA, you can invest in:
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The allowance for the current tax year is £9,000.
Money and investments held in a Junior ISA belong to the child. Therefore, only your child can access the money. and only when they are 18. At this time the JISA automatically converts into our flexible ISA.
The parent or legal guardian of a child under the age of 18 and UK resident can open our JISA. The account will change automatically into an adult Stocks & Shares ISA in their name once they turn 18.
Child Trust Funds (CTFs) were introduced to encourage children to save money later in life, building on an initial contribution made by the government. These tax-efficient accounts have now been replaced by Junior ISAs, but you can still continue to pay into a Child Trust Fund – or you can easily transfer one to a JISA.
Yes, you can transfer your Child Trust Fund into a Junior ISA. If your child has a Child Trust Fund you will need to transfer all money and investments in this to your Charles Stanley Junior ISA before making new subscriptions with us.
Yes, grandparents, relatives or family friends can contribute to a JISA.
The parent or guardian is responsible for the management of the JISA and can make investment decisions, but the investments belong to the child.
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Choose from our range of accounts, to ensure you make the most of your tax allowances or exemptions, whilst making sure you can access your money when you need it.
Make your savings work harder with our flexible ISA. Shelter up to £20,000 per tax year.
Start investing today with a wide range of funds and shares or transfer and consolidate any existing holdings.
Create more opportunities for your retirement by saving more within a SIPP. Pay in up to £60,000 per tax year and get tax relief.
Charles Stanley is not a tax adviser. Information contained within this page is based on our understanding of current HMRC legislation. Tax reliefs and allowances are those currently applying and the levels and bases of taxation can change. Tax treatment depends on the individual circumstances of each person or entity and may be subject to change in the future. If you are in any doubt, you should seek professional tax advice.