Junior ISA explained
What the 2019-20 rules mean for your Junior ISA.
How much can you pay into a Junior ISA (JISA)?
The JISA allowance for the 2019-20 tax year is £4,368. The tax year runs from 6 April 2019 to 5 April 2020.
The allowance cannot be carried over if you do not contribute the full amount in one tax year. A Junior ISA must be opened by a parent or guardian, but after that, anyone can contribute to a JISA, whether they have parental responsibility or not. Contributing to a JISA will not affect your personal ISA allowance.
Historical JISA allowance
| Tax Year | Junior ISA Limit |
| 2019-20 | £4,368 |
| 2018-19 | £4,260 |
| 2017-18 | £4,128 |
| 2016-17 | £4,080 |
| 2015-16 | £4,080 |
In a slight quirk of the Junior ISA system, 16 and 17-year-olds currently get two ISA allowances - £4,368 for a Junior ISA and £20,000 they can invest into an adult Cash ISA. Your child can open a Junior ISA if they do not have a Child Trust Fund (CTF) and are under the age of 18.
Junior ISAs and Child Trust Funds
You cannot have both a Child Trust Fund (CTF) and Junior ISA - but the rules do allow you to transfer your child's CTF into a Junior ISA. If you have made the decision to transfer your child's CTF into a Junior ISA you can open a Junior Stocks and Shares ISA, but you will need to fill out and complete the relevant transfer forms immediately.
An award-winning ISA
Transfer to us and benefit from an award-winning service at the low price of just £9.99 per month. In return, you will enjoy access to our full range of services, news and insight, as well as £7.99 free credit each month to use against any trade. We are proud to have been named Best ISA Provider at the 2019 City of London Wealth Management Awards.
Junior ISA
A tax-efficient way to invest in your child's future.