Can my child have a both a Cash ISA and Stocks & Shares ISA?

Yes, but a child can only have one account of each type (Cash and Stocks & Shares). This differs from adult ISAs, which let you save with many different providers. Even if a child has both types of ISA, they can still only save up to £4,080 each year (the Junior ISA annual allowance).

When the child reaches the age of 16, they also become eligible for an adult ISA, so children aged 16 and 17 can invest into a Junior ISA as well as an adult cash ISA.

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