Junior Stocks and Shares ISA
Our Junior Stock and Shares Individual Savings Account (Junior ISA) is a tax-efficient way to invest in your child's future.
Important information - investment value can go up or down and you could get back less than you invest. If you're in any doubt about the suitability of a Stocks & Shares ISA, you should seek independent financial advice. The tax treatment of this product depends on your individual circumstances and may change in future. If you are uncertain about the tax treatment of the product you should contact HMRC or seek independent tax advice.
What is a Junior Stocks and Shares ISA?
A Junior Stocks and Shares ISA, also known as a JISA, is a tax-efficient savings and investment account for under 18s.
Junior ISAs can only be opened by the child's parent or guardian, but anyone can pay into it after that. It is the parent or guardian’s responsibility to manage the funds in the account on the child’s behalf.
A Junior Stocks and Shares ISA could give you better returns than cash savings – but this is not guaranteed. If you are unsure about whether you should invest, then seek independent advice.
How much can I invest in a Junior ISA?
You can save up to £9,000 a year in a JISA, without paying tax on any gains. Your child can access the funds in the Junior ISA when they turn 18.
Parental Responsibility: This is an HMRC requirement. Please be aware that grandparents do not automatically have parental responsibility.
Risk warning: The value of any investment can go down as well as up and your child might not get back what was originally invested. The tax treatment of a Junior ISA depends on individual circumstances and tax rules may change. If you’re unsure about the suitability of a Junior ISA or any investment please speak to a suitably qualified financial adviser.
Why choose interactive investor?
- Over 400,000 people already trust us with their investments.
- Our customers have rated us as 'excellent' on Trustpilot (4.7 out of 5).
- We offer one of the widest choice of investments in the market - and the expert insights to help you choose.
- And if you're not satisfied with our service, it's completely free to leave.
Junior ISA fees and charges
New customers will need to open a Stocks and Shares ISA or Trading Account on our Investor or Super Investor plans before adding a Junior ISA at no extra cost. Junior ISAs are not available on our Pension Essentials and Pension Builder plans.
Simply choose one of our flat fee subscription plans. It's easy to change plan at any time.
- Investor plan: £11.99 a month. Our most popular plan. Includes free regular investing and your first trade free every month. Add as many Junior ISAs as you have children. Additional UK and US trades are £3.99.
- Super Investor plan: £19.99 a month. For our premium plan, and your first two trades free each month. Add as many Junior ISAs as you have children. Additional UK and US trades only £3.99.
All our plans allow you to invest as little as £25 a month using our free regular investing service.
Other fees such as stamp duty and foreign exchange charges may apply.
Junior ISA FAQs
The funds in a Junior ISA remain locked away until the child turns 18. At that point the account becomes a standard ISA and the funds become available to withdraw.
Only a parent or legal guardian can open and manage a Junior ISA, but anybody can pay into it up to the £9,000 annual limit.
A grandparent can set up a Junior ISA if they are the child’s legal guardian.
No, a child cannot have both a Child Trust Fund and a Junior ISA. The government replaced CTFs with Junior ISA in 2011 and both accounts benefit from having no income or capital gains tax.
- Learn about the differences between a Child Trust Fund and a Junior ISA, and why some people choose to switch.
Yes, a child can have one Junior ISA of each type.
Anybody can pay money into a Junior ISA either by bank transfer or by cheque. Find out how to make Junior ISA contributions here.
However, only the parent or guardian can set up a direct debit.
Please check the remaining Junior ISA allowance for the current tax year before adding money.
A parent (Registered Contact) can only close a Junior ISA during the initial cooling off period. There are exceptions this where a JISA can be closed:
- upon the death of the child
- when the child turns 18 (turns into an adult ISA)
- HMRC instruction (e.g. too many ISAs opened)
A Junior ISA can't be closed just because the child is no longer a resident in the UK. It will remain open but you won't be able to add further contributions.
Junior ISAs themselves aren't considered risky, but investments are riskier than cash as returns aren't guaranteed. Once you contribute to a Junior ISA, the cash can't be taken out until it matures into an adult ISA. So you can't move the cash into another savings product where you might get back higher returns.
Inflation can also play a part and can rise faster than your investments grow. In real terms this could mean that your child's saving are worth less.
A Junior ISA, and any cash deposited into one, is legally owned by the child, but it is operated by the designated Registered Contact. This can be a parent or legal guardian. The cash can only be withdrawn by the child, once they become an adult.
Help and support
- Boring Money Best Buy ISA 2023
- Boring Money Best Buy Low Cost ISA over 50k 2022
- Investors' Chronicle and Financial Times Celebration of Investment Awards Investment Platform of the Year