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Funds Network

Junior ISAs (JISAs)

JISA Allowance £4,128
From April 6th 2017

Junior ISAs have quickly become a popular way for family and friends to build up tax-efficient savings and investments to help with the cost of university, provide a deposit for a house or simply give eligible children a great start in life.

The Junior ISA (or JISA) works in exactly the same way as a conventional ISA does except that it is specifically designed for under 18’s. It’s the perfect way to create a nest egg for your child or grandchild.




Benefits of investing in a Junior ISA

  • Same tax benefits as an adult NISA – no capital gains tax, and no tax to pay on income
  • Anyone can contribute
  • Withdrawals possible from age 18
  • Automatically converts to an adult NISA at age 18
  • Open with a lump sum from £500 to £4,128 or start a monthly direct debit from just £50 per month

Who can have a Junior ISA

Your child can have a Junior ISA if they:

  • are under 18
  • live in the UK
  • are not entitled to a Child Trust Fund (CTF) account


Your child can’t have a Junior ISA if they already have a CTF account. Children aged 16 could choose to open an adult cash ISA as well as a Junior ISA.

How the Junior ISA works

There are two types of Junior ISA:

  • a stocks and shares Junior ISA
  • a cash Junior ISA


Your child can have one or both types of Junior ISA at any one time. There is no tax to pay on the income or any gains (profits) a Junior ISA makes.

Who the money in the Junior ISA belongs to

The money in the account belongs to your child and can’t be taken out until they are 18. But there are exceptions to this, for example if your child becomes terminally ill.

Putting money into a Junior ISA

Anyone can put money into the account. The total amount that can be paid into a Junior ISA in each tax year is £4,080. (A tax year runs from 6 April one year to 5 April the following year.)

If your child is under 16, someone with parental responsibility (for example a parent or step-parent) must open the Junior ISA for them.

Children aged 16 to 18 can open their own Junior ISA. But someone with parental responsibility could still open the account for them.

How to open a Junior ISA

A Junior ISA can only be made via FundsNetwork by way of an application form or direct with certain investment companies. Cofunds do not offer the Junior ISA. Please call the office for further information and we will provide the brochures and application forms.

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Need help with your Junior ISA investment ? We are waiting to take your call.
020 8870 7072 or email
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