Compare Junior ISAs

Save for your children’s future with a Junior ISA. You can save up to £4,000 a year for your children tax-free using a Junior ISA savings account. Use our free and independent comparison service to find the best Junior ISA savings account for you.

For all the Junior Stocks & Shares ISAs below, you should be aware that

- The value depends on future performance & may fall as well as rise

- Returns are not guaranteed so child may not get back the full amount invested

- Plan management passes to child at 16 but cannot be stopped or cashed in until child reaches 18

- Tax advantages of junior ISAs may change in the future & reduce the potential growth of the account


MoneySuperMarket doesn’t offer a comparison service for this type of product but we have compiled a list below of providers who can help

Junior Investment ISAs - featured accounts

    • Provider/Product name Junior ISA

      Scottish Friendly

      Junior ISA

    • Description

      • Begin planning for your child’s future with Scottish Friendly’s My Choice (Junior ISA)

      • Invest from £10 a month, a £50 lump sum or mix of both

      • Separate individual policies can be set up within My Choice (Junior ISA). Each policy can have its own description, e.g. ‘Gift from Granny’ or ‘Flat Deposit'

      • Choose from 8 investment fund options
       
      • Scottish Friendly don't have shareholders, so profits are used for their customers' benefit

      • The value of your investment can go down as well as up, so the child could get back less than you have paid in

    • Go to site

    Limited offer

    A £25 welcome gift card redeemable at over 70 UK retailers such as Amazon, M&S & iTunes!

    • Provider/Product name Junior ISA

      Family Investments

      Junior ISA

    • Description

      • Family Investments have over 35 years’ experience looking after the finances of families, and they are trusted to look after £4.9 billion of family money
      • Award winning: Winner of the 2012 Moneyfacts Award for Best Junior ISA Provider
      • Flexible and affordable payments: Invest from as little as £10 to as much as £333 each month
      • Parents, friends and family can contribute
      • Easy to manage: With 24/7 online account management and a friendly UK call centre
      • Only the child can access the money and only from their 18th birthday, the child can manage the account from age 16
      • Because the account invests in stocks and shares the value can fall as well as rise and your child may get back less than has been paid in

    • Go to site

    Exclusive

    £30 Amazon vouchers when you set up a Direct Debit of £20 or more. Limited Offer Exclusive to MoneySuperMarket.com customers only, offer ends on 31st August 2014. Subject to terms and conditions, please see Family Investments website

    • Provider/Product name Junior ISA

      Hargreaves Lansdown

      Junior ISA

    • Description

      • Give your child or grandchild a great start in life with a Hargreaves Lansdown Junior ISA. It offers a market-leading combination of price, service and information
      • Choose from over 2,500 unit trusts and OEICs from leading fund managers including Invesco Perpetual, Artemis and Jupiter  with initial savings of up to 5.50% that could save you as much as £211 on a £3,840 subscription
      • You can also invest in shares, ETFs, and much more using their low-cost stockbroking service
      • Invest from as little as £50 per month

    • Go to site

    • Provider/Product name Junior ISA

      Shepherds Friendly

      Junior ISA

    • Description

      • Shepherds Friendly Junior ISA allows you to save tax-efficiently to give your child a real head start
      • Shepherds Friendly was founded in 1826, and has 188 years of experience in providing financial security for families across the UK
      • As a mutual society, Shepherds Friendly is owned by and run for the benefit of its members. There are no shareholders to pay dividends to; meaning more of the profits can be used to add value to your investments
      • The Shepherds Friendly Junior ISA enables you to start saving tax-efficiently from just £10 per month. You can also open the account with a one-off lump sum from £100
      • You can stop, start, raise or lower what you pay into the plan whenever you like
      • Grandparents and other family members can also contribute to the plan, increasing the savings potential
      • The Shepherds Friendly Junior ISA is invested in a wide range of investments, including stocks and shares. While this increases the potential for growth, there is also the risk that your investment can lose value
      When you open a Shepherds Friendly Junior ISA you’ll get a Love2shop voucher worth up to £30!

    • Go to site

    • Provider/Product name Junior ISA

      Alliance Trust Savings

      Junior ISA

    • Description

      Winner of Best Junior ISA provider at the Moneyfacts Awards 2013 and Highly commended in the 2014 Moneywise Children's Savings Awards Best Junior ISA Investment Scheme
      The Alliance Trust Savings Stocks and Shares Junior ISA gives you a wide range of investment choices including:
      *Over 1,900 + funds from over 65 UK fund managers
      *All UK listed:
      o Equities o Exchange Traded Funds (ETFs) o Gilts
      o Fixed Interest Securities o Investment Trusts

      Investments can go down as well as up. You may get back less than you originally invested. A full list of applicable charges are available on their website. Tax rules may change in the future and taxation will depend on your personal circumstances. Withdrawals are not permitted until the child is 18. Alliance Trust Savings doesn't give advice.

    • Go to site

    • Provider/Product name Low Cost Children's ISA

      Total Clarity Funds

      Low Cost Children's ISA

    • Description

      • Charges go down as more people save into these funds
      • 3 investment options - Defensive, Balanced and Adventurous
      • All funds are mixed asset tracker funds offering great diversity for a low annual charge
      • TCF investment is a new kind of asset manager
      • Total Clarity funds offer a range of low cost, well diversified risk graded investments
      • The Children's ISA has been developed in partnership with some of the biggest names in the industry to bring you unrivalled investment options through a simple online application process

    • Go to site

    • Provider/Product name The Children's ISA

      Prudential

      The Children's ISA

    • Description

      • Children's Savings experts 'The Children's ISA' have selected Prudential for their Actively Managed Fund options
      • Prudential are one of the UK’s largest asset managers, looking after £363 billion assets under management (as at 30 June 2012)
      • Prudential's Dynamic Portfolios are actively managed investments
      • These funds offer an excellent diversification by investing in varying degrees in shares, property, bonds and cash
      • The Children's ISA has been developed in partnership with some of the biggest names in the industry to bring you unrivalled investment options through a simple online application process

    • Go to site

    • Provider/Product name Shariah Children's ISA

      Scottish Widows Investment Partnership

      Shariah Children's ISA

    • Description

      • This fund would appeal to an investor looking to achieve returns in line with Islamic Investment Guidelines
      • This fund is adventurous in nature and invests in accordance with advice from the Shariah Advisory Board
      • SWIP is now part of Aberdeen Asset Management. The Combined Group will have pro-forma assets under management of £324.5 billion as at 28 February 2014
      • This fund invests in equities from around the globe
      • The Children's ISA has been developed in partnership with some of the biggest names in the industry to bring you unrivalled investment options trough a simple online application process

    • Go to site

    • Provider/Product name Ethical-Invested Children's ISA

      Ecclesiastical

      Ethical-Invested Children's ISA

    • Description

      • This fund aims to combine profit with principles for the ethical investor
      • Since March 1988, Ecclesiastical Investment Management Limited has been at the forefront of socially responsible investing
      • Today with £1.9 billion* currently under management they are financially secure and confident that their socially responsible investment approach, and wider business culture of looking after people and communities - stands them in good stead for the future. *As at March 2011
      • The Children's ISA has been developed in partnership with some of the biggest names in the industry to bring you unrivalled investment options through a simple online application process

    • Go to site

    • Provider/Product name Junior Investment ISA

      F&C Investments

      Junior Investment ISA

    • Description

      • Invest up to £4,000 tax efficiently every tax year
      • The account is held in the child's name and money cannot be withdrawn until the child turns 18
      • Children born before 1st September 2002 or after 2nd January 2011 are eligible to invest
      • Investors can invest in F&C's award-winning range of investment trusts via the F&C Junior ISA from as little as £30 per month
      • The F&C Junior ISA offers great flexibility - you can switch between funds at any time and you can invest and manage your account online

    • Go to site

    • Provider/Product name Junior ISA

      AJ Bell Youinvest

      Junior ISA

    • Description

      Deal online from £4.95 and never pay more than £9.95 per online deal
      No account charge
      Market leading investment range
      Free transfer in service
      Save monthly from just £25
      Use the Regular Investment Service and never pay more than £1.50 per online deal when you buy an investment
      Open online in just a few minutes
      93% of customers would recommend AJ Bell Youinvest to a friend
      Please note the value of investments, and any income from them can go down as well as up and you may not get back your original investment

    • Go to site

    • Provider/Product name Ethical Charitable Junior ISA

      The Children's Society

      Ethical Charitable Junior ISA

    • Description

      Children’s Savings experts ‘The Children’s ISA’ have partnered with The Children’s Society to offer an ethical Junior ISA with a charitable conscience.

      A minimum of £20 per account opened will be donated to the worthy work of The Children’s Society.

      This Ethical portfolio is managed by leading ethical investment managers Ecclesiastical.

      Simple and quick online application process.

    • Go to site

Junior Stocks & Shares ISAs allow you to invest tax efficiently for your child. You can invest up to £4,000 for the 2014/2015 tax year. As long as the child doesn’t already hold a child trust fund, they can be opened by the child’s parent or guardian with the proceeds being invested on behalf of the child. The funds have to be invested for at least 5 years, so if your child is over 13, a Junior Stocks & Shares ISA may not be suitable.

Once the child reaches 18, the plan can be cashed in or transferred to an adult ISA, but the plan cannot be accessed or cashed in before this time.

In these plans your capital is not protected meaning there can be fluctuations in the capital value of the plan, which can vary dependent on the risk category of the funds invested in. This means that there is a risk that the plan may not be worth as much as has been paid in on maturity.

There is a risk that the company backing the plan may be unable to repay any investment, for example if they were to cease trading. In this instance Junior Stocks & Shares ISAs are eligible for the Financial Services Compensation Scheme (FSCS) up to £50,000 per person, per institution.

The tax advantages of Junior ISAs may change in the future and will also depend on the child’s individual circumstances. If you are in any doubt about the risks associated with these plans or their tax treatment you should seek advice from an Independent Financial Adviser.

For all the Junior S&S ISAs available below, you should be aware that once the child reaches 18, the plan can be cashed in or transferred to an adult ISA, but the plan cannot be accessed or cashed in before this time.

 

Junior Cash ISAs - featured accounts

    • Provider/Product name Junior ISA

      Skipton Building Society

      Junior ISA

    • Interest rate (AER) 3.02% Variable
    • Min/Max opening amount £1 to £ no limit
    • Notice / Term Term: until age 18
    • Transfer In Transfer In
    • Access Internet Post Telephone In Branch
    • Sorry, we have no link

      More details

    Great for
    A minimum deposit of £1
    But be aware that
    Your child can’t have a Junior ISA if they already have a Child Trust Fund account
  1. Great for
    A minimum deposit of £25
    A choice of three interest rate options
    A choice between a fixed rate option, a variable rate option or a combination of both
    But be aware that
    The fixed rate option has a lower 1.90% AER
    Your child can’t have a Junior ISA if they already have a Child Trust Fund account

Junior ISA Guide

Junior ISAs

Individual savings accounts (ISAs) aren’t just for grown ups – children have their own version, too. It’s called a Junior ISA and works in broadly the same way as the adult version.

You can open a Junior ISA if your child is under the age of 18 and live in the UK. However, kids with child trust funds aren’t eligible. In other words, if your child was born between September 1 2002 and January 2 2011, they will not be able to save in a Junior ISA as well.

The government does not contribute to the Junior ISA and it must be opened and managed by someone with parental responsibility for the child. Anyone can then pay into the account up to £4,000 each year– and any interest or gains are tax free.

Long-term savings

The money in the Junior ISA belongs to the child. However, they cannot get their hands on the cash until they are 18 as it is designed as a long-term savings account.  At 18, they can either cash in the Junior ISA and spend the money how they choose, or they can roll it over into a standard adult version of an ISA

When the child reaches 16, they can take over the management of the account if they wish – though they’re still not allowed to touch the money. They can also pay up to £15,000 in a standard ISA, without affecting their Junior ISA allowance. The advantage of an adult ISA is the greater flexibility as the child can access the money before they reach the age of 18.  

Cash or shares?

There are two types of Junior ISA. The cash version is simply a tax-free savings account. There is a range of accounts on offer from banks and building societies, including variable and fixed deals.

Some people prefer to invest in the stock market if they are saving for their children’s future, in which case a stocks and shares Junior ISA might be a more attractive option. Again, there is a range of accounts on offer, from UK funds to more exotic accounts that invest in emerging markets.

Many advisers recommend a stocks and shares Junior ISA for a child because the lengthy term of possibly 18 years allows plenty of time to ride out the ups and downs of the stock markets. However, you must be comfortable with the dangers of investing in stocks and shares and bear in mind that your capital is at risk and returns are not guaranteed.

Monitor your Junior ISA

It’s a good idea to keep an eye on your child’s Junior ISA as rates can change and you could end up with a poor deal. You are free to switch your Junior ISA at any time if you aren’t happy with the performance. If you decide to switch, you can either transfer to a different type of Junior ISA from the same provider or to a different provider.  

Advantages of a Junior ISA

Everyone – including children – has a personal tax free allowance of £10,000 in the current tax year. We also benefit from a capital gains tax allowance of £11,000. So what is the advantage of a Junior ISA? After all, few children earn enough interest on their savings or make enough profit from the sale of assets to breach the tax-free limits.

Some parents favour Junior ISAs over standard children’s savings accounts because of the restriction on withdrawals. If the child cannot access the money until they are 18, they cannot squander the cash on a spontaneous spending spree.

Junior ISAs also have a tax advantage over standard children’s savings accounts. If a parent puts money into a savings account for a child and it earns interest of more than £100, it is taxed as the parent’s own. With a Junior ISA, the money is classed as the child’s and all interest is tax free.  

Compare Junior ISAs

Whether you are looking for a cash Junior ISA or prefer to invest in stocks and shares, it’s quick and easy to compare Junior ISA with MoneySupermarket. Our online service is free and independent – and committed to finding you the best deal.

 
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