Junior ISAs - JISAs - Children's ISAs | moneyfacts.co.uk

Junior ISA Best Buys

  - Find the best junior ISA with our independent Best Buys and whole of market search.
Also look at:

Compare the Best Junior ISAs

Compare
Up to 3 products
side by side
AER Rate Type Notice / Term Min Invest Trf In Account Opening Search all
1614 accounts
 

3.25%
Variable Age 18 £1 Yes
  1. No
  2. Yes
  3. Yes
  4. No
Details...  

3.00%
Variable Age 18 £1 Yes
  1. Yes
  2. Yes
  3. Yes
  4. No
Details...
Go to Site
 

3.00%
Variable Age 18 £1 Yes
  1. Yes
  2. Yes
  3. No
  4. No
Details...  

3.00%
Variable Age 18 £1 Yes
  1. No
  2. Yes
  3. No
  4. No
Details...  

3.00%
Variable Age 18 £1 Yes
  1. Yes
  2. No
  3. No
  4. Yes
Details...  

3.00%
Variable Age 18 £1 Yes
  1. No
  2. Yes
  3. Yes
  4. No
Details...  
Compare
Last Updated: Friday 26 May 2017 19:26

Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts. Where we have been able to we have also provided a link for you to open an account today. Products shown with a yellow background are sponsored products.

Eligible deposits with UK institutions are protected by the Financial Services Compensation Scheme up to a maximum level of protection of £85,000 per person per institution.

Disclaimer:
All rates subject to change without notice. Please check all rates and terms before investing or borrowing.
 
Free Brochures and Guides

Junior ISAs explained

  • Available to children under the age of 18
  • Save or invest up to £4,128 in the 2017-18 tax year
  • Has to be opened by the child’s parent or guardian
  • Anyone can pay into the JISA once opened
  • Money can’t be accessed until the child turns 18 (although the child can take charge of the account at 16)
  • Tax advantages will depend on your individual circumstances and may change in the future

Junior ISAs (or JISAs) were launched in November 2011 as a tax-free method of saving or investing for children. It replaced the Child Trust Fund (CTF) scheme for newborn children, and allows older children a tax-free way to save.

Children are eligible for a Junior ISA if they are under the age of 18 and do not already hold a Child Trust Fund (your child will hold a CTF if they were born between 1 September 2002 and 1 January 2011). However, Child Trust Funds can now be transferred to Junior ISAs, so you’re free to move the funds across should you wish. Of course, you can continue to contribute to your child’s CTF, as well as transferring to a more competitive CTF if the interest rate is not as attractive as it once was, if a JISA transfer isn’t for you.

2017-18 Junior ISA allowance

In the 2017-18 tax year (which runs from 6 April 2017 to 5 April 2018) you can save or invest up to £4,128 in a Junior ISA.

You can save for your child either in a cash JISA, a stocks and shares JISA, or a combination of the two. For example:

  • Up to £4,128 in a cash Junior ISA, or
  • Up to £4,128 in a stocks and shares Junior ISA, or
  • £2,064 in a cash JISA and £2,064 in a stocks and shares JISA (or any other split), up to the maximum yearly allowance

WarningStocks and shares Junior ISAs can fall as well as rise in value. Make sure you fully understand and accept the risks you are taking before entering into any arrangement.

Penny Pig 16 and 17 year-olds currently get two ISA allowances. In the 2017-18 tax year they have a Junior ISA allowance of £4,128 and a cash ISA allowance of £20,000 too!


Why a Junior ISA over a normal children’s savings account?

Cash Junior ISAs come in the same varieties as normal children’s savings accounts. With most children not paying tax on savings interest they receive, what’s the advantage of putting money in a Junior ISA?

  1. The money cannot be accessed until the child turns 18, putting it out of temptation’s reach.
  2. Money that parents or step-parents pay into a child’s savings account may be liable for tax if the child earns more than £100 interest. Junior ISAs are exempt from this rule.

What next?

Compare Junior ISA best buys
Compare children's savings accounts
Search all Junior ISAs 
 
 
 
First-timers find Help to Buy ISAs less helpful
First-timers find Help to Buy ISAs less helpful

More first-time buyers may be getting on the ladder, but there's still the daunting task of saving a... More

Number of cash ISAs available hits five-year high
Number of cash ISAs available hits five-year high

The ISA market has been in the doldrums for some time, but thankfully, it looks as though there’s so... More

Concerns that too many are saving in cash ISAs
Concerns that too many are saving in cash ISAs

Cash remains king for many savers, but there are growing concerns that this preference could mean th... More

One month on from the Lifetime ISA
One month on from the Lifetime ISA

It’s now been four weeks since the Lifetime ISA was officially launched, but have savers embraced i... More

Comparing the best investment ISAs
Comparing the best investment ISAs

It can’t be denied that keeping your money in cash isn’t exactly profitable at the moment. After all... More

What is a cash ISA?
What is a cash ISA?

Cash ISAs are a special type of savings account that pay interest tax-free. Each tax year you get an... More

2017-18 ISA Allowance Guide
2017-18 ISA Allowance Guide

Download your FREE Guide to ISA allowances for the 2015-16 tax year. Find out everything you need t... More

How to transfer a cash ISA
How to transfer a cash ISA

Cash ISA transfers can allow you to get a better interest rate and bring your ISAs together in one p... More

Variable ISA still competes
Variable ISA still competes

Coventry BS has decreased the rate on its variable rate cash ISA, yet despite this it has remained c... More

Furness’ Excellent 1 & 2yr ISAs
Furness’ Excellent 1 & 2yr ISAs

Furness BS has increased selected rates by up to 0.20%, which sees its one and two-year ISAs enter t... More

New 1yr ISA enters Best Buys
New 1yr ISA enters Best Buys

Virgin Money has launched a new one-year fixed rate cash ISA which has entered the Best Buy chart fo... More

New 1yr ISA now number one
New 1yr ISA now number one

Family BS has launched a new one-year fixed rate cash ISA which has jumped straight to the number on... More

5yr ISA tops the Best Buys
5yr ISA tops the Best Buys

Principality BS has released new issues of its five-year fixed rate ISA and two-year fixed bond, bot... More

Close