Skip to main content

You are here: Home / Investments / ISAs / Junior ISA

Less is more, less in fund charges more in your Junior ISA

Junior ISA

What is a Junior ISA?

  • A Junior ISA is a tax efficient savings vehicle, that lets you invest up to £3,720 in the 2013/14 tax year for the benefit of a child
  • All cash and investments held in a Junior ISA belong to the child
  • The Account is held in the name of the child, but all investment decisions or instructions are given by a ‘registered contact’
  • The ‘registered contact’ for a Junior ISA is usually the parent or an adult who has parental responsibility for the child account holder
  • Withdrawals are not permitted until the child is 18
  • There is no capital gains tax liability within a Junior ISA and there is no further tax to pay on dividends
  • There is no need to declare any gains or income received in the Junior ISA to HMRC
  • The annual limit will rise in line with the consumer prices index from April 2014

Alliance Trust Savings offer a Stocks and Shares Junior ISA

Why choose Alliance Trust Savings?

Our Junior ISA has been developed by the award winning team behind out Stocks and Shares ISA. We have recently been highly commended by the Moneywise Children's Savings Awards 2012 – Best Junior ISA Investment Scheme.

Moneywise Children's Savings Awards 2012 – Best Junior ISA Investment Scheme.

Our Stocks and Shares Junior ISA gives you a wide range of investment choices including:

  • Over 1300+ funds from over 40 UK fund managers
  • All UK listed:
    • Equities
    • Exchange Traded Funds (ETFs)
    • Gilts
    • Fixed Interest Securities
    • Investment Trusts
  • Over 21,000 International equities from 21 foreign exchanges across the globe

Back to top

Low quarterly administration charge

All accounts have a quarterly administration charge of £10+VAT***. Our Table of Charges provides full details.

***Change applies from 1st August 2012

Please note that our charges are subject to change and are not guaranteed.

Who can apply?

Saving for a child

You can open a Junior ISA if you are a UK resident aged 16 or over and wish to save for the benefit of a child resident in the UK. You must be the child’s parent or legal guardian.

Saving for yourself

You can open a Junior ISA if you are a UK resident aged 16 or over but have not yet reached your 18th birthday.

A Junior ISA cannot be opened for a child who was eligible for a Child Trust Fund. Children eligible for a Junior ISA are as follows:

  • Born before 1 September 2002 and aged under 18
  • Born between 1 September 2002 and 3 January 2011 who didn’t qualify for a Child Trust Fund for any reason
  • Born on or after 3 January 2011

Back to top

Withdrawals from Junior ISA

  • No withdrawals until the child is 18
  • Withdrawals are permitted in the event of ill health (terminal illness) or death of the child

How do I apply?

The quickest and easiest way to apply for an Alliance Trust Savings Stocks and Shares Junior ISA is online.

Before making any decision you should read our Junior ISA Key Features and our Table of Charges.

Before you apply you'll need to make sure that you have:

  • Childs name and date of birth
  • Bank account details for setting up a Direct Debit if you intend to set up a Direct Debit

If you already have an account with us simply log in now and apply online.

Login now

You can also apply by post. Simply complete the Application form and return it to:

Alliance Trust Savings Limited
PO Box 164
8 West Marketgait
Dundee
DD1 9YP

Back to top

When you open a Stocks and Shares Junior ISA with us, we'll send you a password and Personal ID so that you can use our i.nvest service.

i.nvest is easy to use and enables you to:

  • Manage your Junior ISA investments
  • View valuations
  • View all the assets held within the Junior ISA
  • Buy and sell individual holdings*

*Charges will apply. Find out more about i.nvest.

Back to top

Risk Statement


Please remember the value of your investments and any income from them can go down as well as up and you may get back less than the amount you originally invested. All investments carry an element of risk which may differ significantly. If you are unsure as to the suitability of any particular investment or product, you should seek professional financial advice. Tax rules may change in the future and taxation will depend on your personal circumstances. Charges may be subject to change in the future.