Junior ISAs
Childrens Savings
Parents with eligible children will be able to open a JISA (Junior Individual Savings Account). This account allows you to accrue money for the future benefit of your child in a tax efficient manner.
The current maximum annual allowance is £9,000* per tax year and these monies can either all be invested within a Cash Junior ISA, or Stocks & Shares Junior ISA, or spread over the two.
Cash Junior ISA:
These are deposit based savings which offer safe and secure returns, typically offered by Banks and Building Societies.
Stocks & Shares Junior ISA's:
These are equity based investments, which offer the potential of greater return that that of a deposit based investment. However, the value of the investment is not guaranteed and may rise or fall depending upon how and where the monies are invested. If suitable we would design and recommend a portfolio of investments which reflect your attitude towards risk.
Child Trust Funds:
The Chancellor George Osorne, announced that, from Apil 2015, parents whose children have a Child Trust Fund Account (CTF) will be able to transfer it into a Junior ISA.
Plans should be regularly reveiwed to ensure that they optimise your returns and also continue to reflect any risk you are prepared to take.
*Tax information given is based on the 2020/2021 tax year, correct as of 11th March 2020, and may be subject to change in the future.
THE VALUE OF SOME OF YOUR INVESTMENTS ARE NOT GUARANTEED AND CAN GO UP OR DOWN DEPENDING UPON INVESTMENT PERFORMANCE. YOU COULD GET BACK LESS THAN YOU HAVE PAID IN.
