Invest up to £4,080 tax efficiently in the 2016/17 tax year for the benefit of a child.
What are the main features?
- Wide range of investments including unit trusts, OEICs, investment trusts, ETFs, UK equities, gilts and bonds
- Low annual account charge and no initial charge
- Flexible adviser charging options
- View valuations, produce statements, trade and make secure requests online 24/7
Saving for a child
Your client can open a Junior ISA if they are a UK resident aged 16 or over and wish to save for the benefit of a child resident in the UK. To open an account on behalf of a child, your client must be the child’s parent or legal guardian, however, other family members or friends may make subsequent payments into the account.
Saving for themselves
Your client can open a Junior ISA if they are a UK resident aged 16 or over but have not yet reached their 18th birthday.
Rules for applying and withdrawing
Children eligible for a Junior ISA are as follows:
- Aged under 18
- No withdrawals until the child is 18
- Withdrawals are permitted in the event of ill health (terminal illness) or death of the child
We accept transfers from CTFs
We also accept transfers in from Child Trust Funds (CTFs) to our Junior ISA, giving parents and legal guardians currently building a CTF nest egg for their child's future the option to access all the benefits of our trading platform.
Contributions can be made by friends and the wider family and not just by parents who want to invest in their child’s future.
- Charging Structure
- How to apply
Our charging structure is clear and transparent with flat rate charges, so you and your clients can see exactly how much they are paying.
We regularly review our charges and may alter them to reflect changes in our costs.
We do not charge a set-up fee and have one of the lowest annual account charges in the marketplace. For further details of all our charges, please see our Charges Guide.
|Product||Charge||Online trading fee|
|Junior ISA||£10 a quarter||£9.99|
The quickest and easiest way to open a Junior ISA for your clients is online.
If you are new to Alliance Trust Savings and have not registered for our online platform, simply complete the registration details at the bottom of the page and follow the on-screen instructions.
If your client is transferring a Junior ISA from another provider, please remember they will also need to sign a completed Transfer in Form and you will need to return the signed form to us.
All completed forms, along with any other paper work we ask you to supply, should be returned to:
Alliance Trust Savings Ltd
PO Box 164
8 West Marketgait