It's quick and easy
Our goal is to help you find the best Junior ISA for your child
Select different company shares to invest in
Exchange traded funds typically track a market or index
Invest in government or corporate bond funds
Funds which pool a range of shares and bonds
Your money – and investment returns - are shielded from tax
Save up to £9,000 a year and any adult can make contributions into the JISA
Equity investment gives your money a great chance to grow over time. Over longer periods, stock markets tend to outperform cash (although returns are never guaranteed)
With a stocks and shares JISA, your money could go down as well as up. You may get back less than you invest
Money is locked away for 18 years and cannot be withdrawn
Once the child turns 18, they can do what they want with the money. Parents have no control over the proceeds of the JISA
Children who have a government Child Trust Fund – CTF account – cannot also have a Junior ISA. But while you can’t have both, you can convert a Child Trust Fund into a Junior Isa.
The parent or guardian needs to open the account, but the money belongs to the child and is tied up in the JISA until they turn 18.
Your child can legally take control of the account from the age of 16 and choose their own investments if they wish.
You have no control over the money once the child gets access to the JISA funds at the age of 18. The child is free to spend it or convert it into a normal adult ISA, for example.
To open a JISA on behalf of a child, the child needs to be under 18. You must live in the UK.
If the youngster was born after January 3, 2011, you can open an account. (If they are aged 16 or 17, they can open it themselves).
Any child born before January 2, 2011, will have been automatically signed up for a Child Trust Fund (CTF) by the Government. But you can convert a CTF into a JISA if you wish.
Parents, grandparents, relatives, friends – and any adult, in fact – can make contributions into a JISA, provided the £9,000 limit is not breached.
The Government used to make contributions to child trust funds – CTF account, but it does not contribute to JISAs.
As with adult ISAs, if you do not contribute the full amount in any one tax year, you cannot carry the allowance forward: it’s a case of ‘use it or lose it.’
You can transfer between JISA providers – if the new provider accepts transfers. But if you choose a new provider, you’ll need to transfer all your JISA funds from previous years. You cannot leave earlier contributions with the old provider.
It’s vital you contact your new Junior ISA manager to arrange the transfer, and do not do this yourself. If you simply shut down the account you will lose the JISA’s tax free status.
You can compare savings accounts using a number of factors. These include the interest rates they offer as well as how long the rate will last, the amount you might need to deposit in order to open the account, and how you can access the account. Once you’ve decided which account you want, simply click through and you’ll be taken to the provider’s website.
Not sure what type of account to go for? Our Savings Decision Tree can help you decide.
So how do we make our money? In a nutshell, when you use us to buy a product, we get a reward from the company you’re buying from.
But you might have other questions. Do we provide access to all the companies operating in a given market? Do we have commercial relationships or ownership ties that might make us feature one company above another?
We commit to providing you with clear and informative answers on all points, so we have gathered the relevant information on this page.