Junior ISAs are long term, tax-free savings accounts for children.
Who can get a Junior ISA
Your child can have a Junior ISA if they:
- are under 18
- live in the UK
- weren’t entitled to a Child Trust Fund (CTF) account
Your child can’t get a Junior ISA if they’re eligible for a CTF account.
How Junior ISAs work
There are 2 types of Junior ISA:
- a cash Junior ISA, ie you won’t pay tax on interest on the cash you save
- a stocks and shares Junior ISA, ie your cash is invested and you won’t pay tax on any capital growth or dividends you receive.
Your child can have 1 or both types of Junior ISA.