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JUNIOR ISA

Compare Junior ISAs

  • Find a great investment account

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Why compare Junior stocks and shares ISAs with MoneySuperMarket?

  • It's quick and easy

    Our goal is to help you find the best Junior ISA for your child

  • Compare from a wide range of ISA providers

    We show you a range of investment JISA accounts with product information provided by each brand

  • Open your Junior ISA today

    Click through to apply for your Junior Isa and start watching your money grow

What is a Junior ISA?

A Junior ISA – sometimes called a JISA - offers a valuable tax-free wrapper to parents, grandparents or guardians who want to build a nest egg for a child. 

These long-term savings accounts work in a similar way to adult ISAs, with no tax due on any returns or interest. They are available for any child who does not have a Child Trust Fund (CTF) account.

The child won’t be able to access the money in a JISA until they’re 18. The cash can help towards the financial challenges they may face, such as university costs or the deposit for a first home.

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What are the different types of Junior ISA?

There are two types of JISA to choose from depending on your attitude to risk. You can choose either or a combination of both.

  • Junior cash ISA

    There’s a wide range of cash JISAs available from banks and building societies offering decent interest rates – either fixed or variable. (We don’t currently offer these at MoneySuperMarket)

  • Junior stocks and shares ISA

    With a stocks and shares JISA the money is invested in stock markets. You have the potential to earn a decent rate of return on your cash over time. But returns are not guaranteed and there is risk to capital if markets fall in value

What are the advantages and disadvantages of a Junior investment ISA?

Junior ISAs are a popular choice for parents saving for their child’s future. But if you opt for an investment or stocks and shares JISA there are pros and cons to consider, including:

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    PROS

    • 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)

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    CONS

    • 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

How to choose the best ISA for your child

The best Junior ISA to suit you and your child will depend on a range of factors. Be sure you’re comfortable with the following...

  • Your attitude to risk

    With an investment JISA you’ll have to accept that the value of your savings pot can go down as well as up. Different funds and assets will have varying degrees of risk.

  • Minimum investment

    Some JISA providers will have a minimum investment requirement, such as £25 or £50 a month for example, for others it may only be £1. In some cases there may be a minimum lump sum investment.

  • Ethical investing

    You may want to consider a JISA with underlying investment funds or assets that are ethical or sustainable. Many funds focus on ESG (environmental, social, governance) factors.

  • Fees and charges

    Check the annual fees or investment charges on different JISAs before you sign up as these can vary widely between investment ISA providers.

What is the allowance for a Junior ISA?

In the current tax year (April 2022 – April 2023), the Junior ISA allowance is £9,000. This annual allowance can be split between a cash JISA and a stocks and shares JISA.

Any adult (not just parents) can contribute to the account, provided the total amount does not breach the £9,000 annual limit.

Parents, grandparents, other family members or guardians can make a lump sum payment into the JISA or set up a direct debit into the account to make monthly payments. There is no requirement to add money each year. Payments can be started or stopped at any time.

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What are the other rules on children’s ISAs?

There are a few terms and conditions of JISAs to be aware of, such as:

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    The CTF and JISAs

    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.

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    JISA funds belong to the child

    The parent or guardian needs to open the account, but the money belongs to the child and is tied up in the JISA until the youngster turns 18.

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    Child has control of the JISA from 16

    Your child can legally take control of the account from the age of 16 and choose their own investments if they wish.

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    Money can be spent at age 18

    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.

How to compare Junior stocks and shares ISAs with MoneySuperMarket

  • Browse our providers

    Just click the button below to see a list of all our cash ISA accounts

  • Compare and choose

    View accounts from leading UK ISA providers and compare rates

  • Click through to provider

    When you find the cash ISA you want, click straight to the provider to apply

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 such as this, so we have gathered the relevant information on this page.

What can you invest in with a Junior ISA?

If you opt for a Junior stocks and shares ISA, you can choose to invest in a range of different assets (similar to a standard equity ISA). You can either invest in a ready-made JISA, where these assets are selected for you by the ISA provider, or you can opt for a self-select JISA, where you can choose the investments yourself.

Investment types to consider include:

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    Individual stocks

    Select different company shares to invest in

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    ETFs

    Exchange traded funds typically track a market or index


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    Bonds

    Invest in government or corporate bond funds


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    Unit and investment trusts

    Funds which pool a range of shares and bonds