Junior Stocks & Shares ISA
Give your child a financial boost by investing up to £9,000 a year in a Junior Stocks & Shares ISA.
With investment, your capital is at risk. Taxation depends on individual circumstances. ISA and tax rules may change.
What is a Junior Stocks & Shares ISA?
A Junior Stocks & Shares Investment Savings Account (ISA), is a tax-efficient investment account for children. There is no income tax or capital gains tax to pay on investments in a Junior Stocks & Shares ISA. It can be a great way to build a nest egg for children.
How do Junior Stocks & Shares ISAs work?
A parent or guardian needs to open a Junior ISA on behalf of their child, but once it is open, anyone can pay into it.
In total, up to £9,000 can be invested into a Junior Stocks & Shares ISA each tax year.
Children can manage their money when they turn 16 but cannot access the funds inside their Junior ISA until they’re 18. At this age, their Junior ISA will convert into a regular adult ISA.
You can find out more about tax-efficient ISAs in our ISAs explained learning hub.
Why choose Bestinvest for your child’s Junior Stocks & Shares ISA?
A simple online account
It’s easy to open a Junior ISA online and you’ll find it simple to buy and sell investments and look after the account.
A variety of investment choices
You can pick from 1,000s of funds as well as UK and US shares. And if you want an easy option, we offer Ready-made Portfolios. The investments in these portfolios are chosen and managed by our team so once you’ve picked the one you want, you don’t have to do anything else. Remember, the value of investments can go down as well as up.
Great value for money
Service fees are as low as 0.2% a year for Ready-made Portfolios and US shares and 0.4% per annum for other investments. No online dealing fees for US shares (just a 0.95% foreign exchange fee) and £4.95 per online trade for UK shares.
Find out more about our affordable fees and charges
Make one-off or regular investments
As long as you don’t exceed the annual £9,000 Junior ISA limit, you can pay into a Bestinvest Junior ISA how you want: in lump sums or regular savings from as little as £50. You can add cash and choose investments later or invest straightaway.
All the help and support you need
At Bestinvest you can chat to an expert about your plans to save money for a child, with one of our qualified financial planners. It’s easy to arrange a coaching session for no cost or ongoing commitment.
Frequently asked questions about Junior Stocks & Shares ISAs
Can my child have a Junior ISA and a Child Trust Fund?
If you have a child born between September 2002 and January 2011, it’s likely they’ll have been set up with a Child Trust Fund at birth. They can’t have a Child Trust Fund and a Junior ISA at the same time, but you can transfer old Child Trust Funds into Junior ISAs.
Can a child have a Stocks and Shares ISA and a Cash ISA?
Yes, they can. They are allowed one of each type but bear in mind that their Junior ISA allowance remains the same so you can’t add more than £9,000 across both accounts each tax year.
Can a grandparent open a Junior ISA?
No, a parent or guardian has to open the account but once it is set up, grandparents can pay into it.
Who runs a Junior ISA?
A Junior ISA is run by the child’s parent or guardian. When the child turns 16, they can manage their money but they can’t take any money out until they are 18.