Junior ISA allowance 2020/2021
What this year's rules mean for your Junior ISA.
What is the 2020-21 Junior ISA allowance?
The JISA allowance for the 2020-21 tax year is £9,000. The tax year runs from 6 April 2020 to 5 April 2021.
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
Junior ISA allowances are reviewed every tax year (6 April to 5 April). This table shows how the allowance has changed since 2015.
| Tax Year | Junior ISA Limit |
| 2020-21 | £9,000 |
| 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 - £9,000 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 ISA
A tax-efficient way to invest in your child's future.
Junior ISAs and Child Trust Funds
Both Child Trust Funds (CTF) and Junior ISAs (JISA) enjoy a tax-free allowance of £9,000 for the current tax year (2020-21)
If you choose to transfer a CTF into a JISA, the value of the CTF will not count towards your new JISA allowance.
An award-winning ISA
Transfer a Junior ISA 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.