Junior Individual Savings Accounts (ISA)

5. If your child is terminally ill or dies

The registered contact can take money out of a Junior ISA early if a child’s terminally ill.

‘Terminally ill’ means that the child has a disease or illness that is going to get worse and isn’t expected to live more than 6 months.

How to take money out

Fill in the terminal illness early access form to let HM Revenue & Customs (HMRC) know that:

  • your child is terminally ill
  • you want to take money out of their Junior ISA

HMRC will let you know if you can take money out of your child’s Junior ISA.

If your child dies

If your child dies, any money in their Junior ISAs will be paid to whoever inherits their estate.

This is usually one of the child’s parents but could be their husband or wife if they were over 16 and married.

What you need to do

You don’t need to contact HMRC but you’ll need to tell your account provider so they can close your child’s Junior ISAs.

Your account provider may need proof to do this, for example a copy of the death certificate.