Junior ISAs Print

Junior ISAs are long-term tax-free savings plans for children. To be eligible for a Junior ISA the child must:

Be under 18 years old;

Live in the UK;

Not already have a Child Trust Fund account.

There is no restriction to who can put money into the ISA, but the total amount that may be paid into Junior ISAs for any one child is £4,080 for the tax year 2015/16. This upper annual limit is being held at £4,080 for the year 2016/17.

The child may have one cash and one “stocks and shares” Junior ISA at any one time.

The funds in a Junior ISA belong to the child, but similar to the rules for Child Trust Funds, children cannot access the money until they are 18. At that point the child can decide what to do with it, and if the child decides not to take the money out at that stage, the Junior ISA automatically becomes an ISA.

From 6 April 2015 funds held in a Child Trust Fund may be transferred to a Junior ISA. The rates of return on a Junior ISA are likely to be better than those of a Child Trust Fund.

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