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In 2010 the Government announced that following the end of the Child Trust Fund scheme that a junior ISA scheme would be made available from the autumn of 2011.


According to the HMRC, junior ISAs are designed to help families save more for their children than they would perhaps would otherwise.


The main features of most junior ISA deals are:

 

  • A maximum of £4,128 can be paid in during the 2017/18 tax year
  • The interest earned on the account is tax free
  • The account is in the child’s name but a withdrawal cannot be made until the child has turned 18


Beginning to invest in a junior ISA deal requires research to see what providers are offering, and the option we have laid out below is a great place to start.

Junior ISA Selection
ProviderJunior ISA ProviderRegular SavingsInvestment OptionsOnline ValuationsMore Info
Charles Stanley Stocks & Shares Junior ISAyesCharles Stanley Direct offers a Stocks and Shares Junior ISA with no initial charges or additional annual fees. Choose from a range of investments including shares, funds, gilts, bonds, investment trusts and ETFs. yesMore Info >
  • Save tax – shelter up to £4,128 per annum and pay no further on capital gains or on income from your investments.
  • Invest from £50 a month, or a lump sum from £500, or a mixture of both
  • Flexibility – choose from a wide range of investments to create a portfolio that suits you.
  • Transfer in Child Trust Funds or existing Junior ISAs
  • Automatic conversion to full ISA at age 18.
  • The value of investments and any income can fall, so the Junior ISA could return less than you invest
  • Returns on investment funds are not guaranteed
Scottish Friendly My Select Junior ISAyesA selection of eight funds to choose from, so you can tailor your child's investmentyesMore Info >
  • Invest up to £4,128 pa per child
  • Invest from only £10 a month, or a lump sum from just £50, or a mixture of both
  • Raise, lower, or stop and restart your payments any time you like
  • Available for children under 16, who didn't qualify for a Child Trust Fund
  • Available for Junior cash ISA holders
  • The value of investments and any income can fall, so the Junior ISA could return less than you invest
  • Returns on investment funds are not guaranteed
One Family Junior ISAyesApply online and receive a £30 Amazon e-voucher (T&C’s apply – see OneFamily website for details). The OneFamily Junior ISA helps you to invest for your child’s future. It could help towards going to uni, driving lessons or perhaps helping to pay for a flat of their own. yesMore Info >
  • Apply online and receive a £30 Amazon e-voucher (T&C’s apply – see OneFamily website for details)
  • Award winning: Winner of the 2016 Moneyfacts Award for Best Junior ISA Provider
  • You choose how much you want to pay in, and when. From £10 to £340 a month up to £4,128 in the 2017/2018 tax year.
  • Available for children under 18
  • Easy to manage: 24/7 Online Account Management and a friendly UK based call centre. 
  • OneFamily looks after over £6 billion for more than 2 million customers
  • Annual management charge 1.5% deducted directly from the fund's income.
  • It’s designed to be a long term children’s investment. You invest for your child’s future, and only the child can take the money out and only once they’re 18. Because our Junior ISA invests in stocks and shares, the Junior ISAs value can fall as well as rise, so your child could get back less than has been paid in. 
Junior Stocks and Shares ISAyesFREE Children's ISA Guide. Choose from over 2,500 unit trusts and OEICs from leading fund managers. Invest from £25 per month or lump sums of £100.yesMore Info >
  • Same tax benefits as an adult ISA - no capital gains tax, and no further tax to pay on income.
  • Anyone can contribute - useful for birthday and Christmas gifts.
  • Withdrawals possible from age 18.
  • Open with a lump sum from £100 to £4,128 or start a monthly direct debit from just £25 per month.
  • Free mobile app to deal shares, access prices, indices, news and research.
  • The value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. 
  •  If you’re unsure about the suitability, we recommend you ask for independent advice.
  • Tax rules can change and the reliefs depend on your child's personal circumstances. 
Shepherds Friendly Junior ISAyesA range of assets including UK and global shares, bonds and cashyesMore Info >
  • Invest up to £4,128 pa per child
  • Invest from only £10 a month, or a lump sum from just £100 or a mixture of both
  • Available for children under 18, who do not already have a Child Trust Fund
  • Available for Junior cash ISA holders
  • The value of investments and any income can fall, so the Junior ISA could return less than you invest
  • Returns on investment funds are not guaranteed

With a Junior ISA from Fidelity, customers may be provided with a useful and tax efficient way of saving for their child’s future.

Using this type of savings products, customers can grow their savings on an almost tax free basis, although it should be remembered that this investment cannot be accessed until the child reaches the age of 18.

 
It is also important to remember that up to a maximum of £4,128 can be deposited in these accounts in the 2017/18 tax year. Any money that is placed in a Junior ISA is legally the property of the child and cannot be withdrawn by anyone except the child when they have turned 18 years old.


Children born between the above dates may also be eligible for this type of account, as long as they have not previously had a Government Trust Fund opened in their name.


Click on the link above to check out the Fidelity Junior ISA deal in more detail.

 Important Risk Information:

This website contains information only and does not constitute advice or a personal recommendation in any way whatsoever. The value of investments and income from them can fall as well as rise and you may not get back the full amount invested.

Investments in Stocks & Shares ISAs do not contain the same degree of capital security as investments in deposits. Stocks and shares ISAs are designed as medium to long term investments of, for example, five years or more. The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.

Different types of investment carry different levels of risk and may not be suitable for all investors. Please ensure that you read the Important Risk Information for further details. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular investment and should read the product literature. If you are in any doubt as to the suitability of a particular investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.

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