The Junior ISA offers a simple way to save for your children tax-free. There are two types of Junior ISA’s: 

1.       Cash Junior ISA – any interest you gain on the cash you save is tax-free. 

2.       Stocks & Shares Junior ISA – once your cash is invested any capital growth and dividends you may receive is tax-free. 

There is currently a savings limit for the Junior ISA which stands at £4,368 for the 2019-2020 tax year. You can open one or both types of Junior ISA’s on behalf of your child, who can then take control of the account once they reach the age of 16 but cannot withdraw the money until 18 years old. 

Need Some Assistance?

Please don't hesitate if you have any questions or queries we can help answer.

Contact Us