Website access
Access to this website will no longer be available from Monday 29 November 2021, as our remaining customers move to interactive investor. We thank you for your support and wish you well with your future investments.

What is a Junior ISA?

Junior ‘Individual Savings Accounts’ (ISAs) enable you to invest and save money for your child’s future tax-efficiently.

Whether it’s for university fees, driving lessons or a house deposit, the sooner you open a Junior ISA for your child, the bigger head start in adult life you could give them.

Tax advantages

Junior ISAs have the following benefits:

  • No further income tax to pay
  • No Capital Gains Tax
  • No need to inform HMRC

Types of Junior ISA

The Share Centre offers the following Stocks & Shares Junior ISAs, which enable you to invest in the stock market for your child:

DIY Junior ISA
Choose your child’s investments from a wide range and manage them as you see fit.

Ready-made Junior ISA
A hassle-free package, with investments chosen and managed by experts for you.

Your child’s Junior ISA allowance can be split between a Stocks & Shares or Cash Junior ISA. We do not offer Cash Junior ISAs.

Who can open a Junior ISA?

Parents and guardians with parental responsibility can open Junior ISAs for children who live in the UK. 16-17 year olds can also open Junior ISAs for themselves. Once the account is open, anyone can pay in money.

Your child’s Junior ISA allowance

The government sets an annual limit on how much can be paid into Junior ISAs each tax year. This year, the Junior ISA allowance is £9,000, which can be split between a Stocks & Shares Junior ISA and a Cash Junior ISA if you choose.

No withdrawals until your child is 18

Money cannot be withdrawn from a Junior ISA until your child reaches 18 years old. All money paid in is treated as a gift and cannot be returned.

Successor to the Child Trust Fund

Junior ISAs succeeded Child Trust Funds in 2011. If your child already has a Child Trust Fund, you cannot also open a Junior ISA, however you can transfer a Child Trust Fund to a Junior ISA. This is worth considering, since Child Trust Funds often have higher charges and less choice than Junior ISAs.