Transfer Junior ISAs and Child Trust Funds

A parent or guardian can open and manage a Junior ISA until the child turns 16, at which point the child can take control of the account.  The child cannot withdraw funds until the age of 18.  Anyone can contribute into a Junior ISA, making them a great option for grandparents, other family and friends.

No. If their Child Trust Fund is transferred to a Junior ISA, the whole account must be transferred and the Child Trust Fund must be closed. 

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 £4,368 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.

This can vary from provider to provider, but you can rest assured that we will work closely with your current providers to ensure that your Junior ISA transfer is completed as quickly as possible.

In general, with our new electronic transfers, existing Junior ISAs and Child Trust Funds can be transferred to a Bestinvest Junior ISA in just one week. Faster transfer times mean there is less time spent out of the market. But some providers still require manual transfers – these can take up to eight weeks to complete.