2017/2018
Junior ISA

Jr ISAThe Junior ISA is a tax-free children's savings account.The accounts offer parents, guardians and relatives a tax-free way to save for children who don't have a Child Trust Fund.

Who can invest in a Junior ISA? 

Junior ISAs are available to any child (under the age of 18) who is resident in Britain and who does not already have a Child Trust Fund.

Funds cannot be withdrawn from a Junior ISA until the child is 18 years old.

Please note that tax rules can change. Dividends from UK equity funds held in a Junior ISA are only exempt from higher rate tax.

Investment limit

The Junior ISA contribution limit this tax year (2017/2018) is £4,128 or £344 per month. This can be invested in either a Junior Stocks and Shares ISA or Junior Cash ISA or any combination of the two, providing no contribution has already been made to another Junior Stocks and Shares ISA or Junior Cash ISA with another provider.

The illustration below gives examples of the limits for Junior Stocks and Shares and Junior Cash ISAs in the tax year 2017/2018:

  • If the maximum £4,128 is invested in a Junior Stocks and Shares ISA or Junior Cash ISA, no further investment may be made into any Junior ISA of any kind in this tax year.
  • If £2,064 has been invested in a Junior Cash ISA, a further £2,064 may be invested in a Junior Cash ISA or a Junior Stocks and Shares ISA in this tax year.
  • If no investments have been made into a Junior ISA in this tax tear, £4,128 may be invested in any proportion to both types of ISA in this tax year.

Private Investor Factsheet