A Junior ISA can be opened for any child under the age of 18 although if a child already has a Child Trust Fund it would have to be transferred to the Junior ISA once this has been opened.
£50 (either as a one off or regular payment).
£4,260 2018/19 tax year and due to rise in line with the Consumer Prices Index each year in future.
A UK resident parent or guardian aged 16 or over must open a Junior ISA, but after that anyone can pay in.
The child. They can control the investments from age 16 but can’t access them until they reach the age of 18. At that point the Junior ISA becomes an adult ISA in their name. The only way to get money out of a Junior ISA before 18 is if the child is terminally ill or dies.
There is no tax to pay on income or investment growth inside a Junior ISA. (Apart from a tax of 10% on any dividend payments on UK shares. This is taken off before the dividend is paid and can’t be reclaimed.)
£3.33 a month to hold a Junior ISA Account with us. You will also pay charges on the investments you hold and for any transactions you ask us to carry out. The charge changes to £10.00 a month when the child reaches 18 and it converts to a regular ISA Account. Read our Charges Guide for the details.
From the age of 16 a child could open their own Junior ISA, provided they were resident in the UK. A child can only have one Junior ISA, but this can be transferred between different providers if you like.