University, a car or even putting down a deposit on a home…whatever your child’s dreams, you can be confident our stocks and shares Junior ISA could help.
In 2011 the Government introduced Junior ISAs initially for children that weren’t eligible for a Child Trust Fund (CTF) because of their age.
There are two forms of Junior ISA; cash or stocks and shares. Both are available to children who:
From 6 April 2015 transfers from CTFs into Junior ISAs became possible. For more information visit our Transferring a Child Trust Fund to a Junior ISA page.
Our stocks and shares Junior ISA offers all the tax-efficiency of an adult stocks and shares ISA – meaning no personal income tax or capital gains tax has to be paid – but is designed especially for children.
When the child turns 18 the Junior ISA will be rolled into an adult stocks and shares ISA automatically. However, they may also choose to take some or all of the money from this point forwards.
The tax assumptions we’ve used are those currently relevant, but tax laws can change over time which could affect investments. The value of the tax benefit will depend on individual circumstances.
We’ve listened to what our customers want from their investments and developed a couple of options that may help you to make your choice. However, if you want to play a more active role in selecting where your child’s money is invested, you can use the ‘Pick your own’ option to access one or more of over 30 funds.
|1. Responds to the markets|
|What it does:||an expert team monitors the economic situation on your behalf, moving quickly to invest in a range of funds that they feel are best suited to the latest market conditions.|
|A good option if:||you like the idea of your investment decisions being made by a team of experts. By investing in this option, the investment will be spread across many funds, each investing in a range of companies and assets.|
|2. Follows the UK market|
|What it does:||invests in some of the biggest names in the UK stock market. It closely follows the performance of the FTSE All-Share Index, which is made up of over 600 of the largest companies in the UK.|
|A good option if:||you want the investment to closely follow the performance of the UK stock market. We consider this to be a slightly more risky investment than the ‘Responds to the markets’ option.|
|3. Pick your own|
|What is this:||if you’re looking for something different, we have a range of funds that invest in different countries and sectors, giving you access to some of the largest companies in the world.|
|A good option if:||you want to invest in one or more of our full range of funds.|
Got a question about Junior ISAs? We've put together a list of frequently asked questions.
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