JUNIOR STOCKS AND SHARES ISA
Invest in Wealthify's award-winning Junior ISA. Our Junior ISA means:
- A tax-efficient way to save up to £9,000 every year for your child.
- More of you child's money stays invested, thanks to our low-transparent fees
- Staying true to your values, thanks to our Ethical Junior ISA option.
With investing, your capital is at risk. Tax treatments depend on your individual circumstances and may change in the future.
With investing, your capital at risk. The tax treatment of your investment will depend on your individual circumstances and may change in the future.
Best Junior ISA at the Personal Finance Awards 2022/23
WHY CHOOSE A JUNIOR ISA FOR YOUR SAVINGS?
With a Junior ISA – also known as a JISA – you can save and invest without being taxed on the interest or gains. This is especially important because, if the money saved for your child generates more than £100 in interest a year, it'll be taxed at the parent's tax rate for all the interest — not just the bit that's over £100.
A Junior ISA protects against this, with all interest and gains being tax-free meaning they get to keep more of their returns. And, seeing as their profits are reinvested to try and generate further profit (known as compounding), their Junior ISA could grow a bit faster.
How to start a Junior isa
CHOOSE YOUR PLAN
Pick from 5 investment styles, our Original or Ethical Plan, and tell us how much you want to invest for your child via a one-off payment — or Direct Debit from as little as £1.
Take our Suitability Quiz
This is our way of helping you start your JISA in a way that's right for your circumstances and attitude to risk.
We build and manage your Plan
Our experts then get to work on building and managing your child's Plan, keeping it in line with your chosen style.
ACCESS TO THE JISA
Your child will have access to their JISA on their 18th birthday, at which point the money can be used as they see fit — including reinvesting it, potentially.
TRANSFER TO A WEALTHIFY JUNIOR ISA
If you want to give your Junior Cash ISA or Child Trust Fund more potential, we've made transferring them to Wealthify's Junior Stocks and Shares ISA a simple, hassle-free process.
Just let us know you want to move to Wealthify, then we'll do the rest. If you're looking to move an existing Junior Stocks and Shares ISA or Child Trust Fund, please note that we'll need to move the whole amount, as you're only allowed one account of this type per child.
FRIENDS AND FAMILY CAN CHIP IN
When it comes to raising a child, there's nothing quite like a helping hand.
Which is why – whether it's family, friends, or that lovely lady next door – our Junior ISA lets you invite anyone to contribute towards and grow your child's savings.
They can even leave a personalised note and picture for every contribution they make, creating that memorable touch.
Wealthify: a name you can trust
Protected
Up to the first £85,000 of your money is protected by the Financial Services Compensation Scheme (FSCS).
SECURE
As well as FSCS protection, your login details will always be kept secure — but never shared with anybody else.
Supported
Our award-winning Customer Care team are happy to help via Live Chat, or on 0800 802 1800.
Strength in depth
Wealthify is backed by Aviva: one of the UK's largest financial services institutions, which has looked after British consumers for more than 300 years.
FREE JUNIOR ISA GUIDE
Junior ISAs come with a set of rules from HMRC, and there are different types you can open. In this useful Junior ISA guide, you'll find out:
- The difference between a Junior Cash ISA and Junior Stocks and Shares ISA
- How much you can pay into a Junior ISA
- How many Junior ISA accounts you can open
- How to transfer a Junior ISA
WHAT IS THE JUNIOR ISA ALLOWANCE?
The Junior ISA allowance for this tax year is
£9,000
Wealthify Customer Reviews
JUNIOR ISA FAQs
A Junior ISA is a tax-efficient way to save and invest on behalf of your child.
Payments into a Junior ISA are different from adult ISAs, because the money you put in belongs to your child. Once you put money in, you can’t take it out again, except in exceptional circumstances, and your child can only get access to their money when they turn 18.
There are two types of Junior ISA:
- Junior Cash ISAs: earn interest like a savings account. The interest rate is fixed and typically based on the rate set by the Bank of England.
- Junior Stocks & Shares ISAs: (Also known as Junior Investment ISAs), these invest in financial markets with the aim of earning returns for investors that are greater than those you would get in a Junior Cash ISA. Returns are not guaranteed, and the value of your investments can go down as well as up.
Your child can have one or both types of Junior ISA and you can deposit up to the annual limit of £4,260 into them in any combination you like.
For example, you could pay £2,000 into a Junior Cash ISA and up to £2,260 into a Junior Stocks and Shares ISA, or vice versa. You can split the allowance however you want to between the two accounts.
The benefit of a Junior ISA is that you or your child won’t pay tax on any interest, returns or dividends they receive.
Wealthify only offers a Junior Stocks and Shares ISA. Any money paid into a Junior ISA will belong to the child, but they cannot access it until their 18th birthday.
Junior ISAs allow your child to keep more of their money by protecting any positive returns they receive from income tax and capital gains tax.
Only a child’s parent or legal guardian can open a Junior ISA account on their behalf.
Your child can have one Junior Cash ISA and/or a Junior Stocks and Shares ISA at any time, into which you can currently contribute a maximum of £4,260 per tax year, per eligible child. You can split the amount however you choose between a Junior Cash ISA and a Junior Stocks and Shares ISA as long as the combined amount doesn’t exceed the annual limit.
You don’t need to use the same provider for your child’s Junior Cash ISA and Junior Stocks and Shares ISA, so you’ve got flexibility to choose the best option for you and your child.
At the start of each new tax year, on 6 April, the child’s annual Junior ISA allowance re-sets and you can start another year of tax-efficient saving, up to £4,260 for each child.
Your child will only be able to access the money within their Junior ISA when they turn 18.
When they turn 18, the Junior ISA is automatically changed into an adult ISA. At this point, they can choose to keep saving or investing, or they can withdraw some or all of the balance to help pay for things like university, or a new car.
If you want to build an investment pot for your child that neither you or they can touch until your child turns 18, then a Junior ISA could be the answer. Any money paid into a Junior ISA belongs to the child and cannot be withdrawn by anyone other than the child when they turn 18.
Junior ISAs are available to children who:
- Are under the age of 18
- Are residents of the UK, or are dependants of a crown employee (e.g. army employee based overseas)
- And don’t already have a Child Trust Fund (CTF).
You can transfer your Child Trust Fund over to a Wealthify Junior ISA, but your child cannot have a CTF and a Junior ISA at the same time. When transferring a CTF to a Junior ISA, the full balance must be transferred.