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Junior ISAs

A new, tax efficient way to save for a child’s future.

CommShare’s service is ideal if you’re happy to choose ISA investments for your child and want to manage their savings alongside your own.

If you have a child or grandchild you may be thinking of putting money aside for university fees, a deposit for a property or savings for a wedding. A Junior ISA is a great way to build up a tax free lump sum to pass over to your child or grandchild on their 18th birthday.

We are now offering Junior ISAs with Cofunds, Fidelity FundsNetwork, Artemis and Neptune. There are no initial charges, so you can ensure that 100% of your money is invested from day one for your child or grandchild. Save up to £224 instantly when you invest £4128.00 for a child.

The main features of Junior ISAs are:

  • Allowance of £4128.00 for each child, rising in line with inflation each year.
  • Account owned by the child, but opened and managed by a parent or guardian.
  • Anyone can contribute to a child's Junior ISA once it’s set up.
  • No withdrawals permitted until age 18 when the account becomes an 'adult' ISA and then they have full access to their savings.
  • Same tax benefits as an adult ISA – no capital gains tax and no tax on any income.

Cofunds and Fidelity FundsNetwork Junior ISAs will give you the flexibility to choose where you want to invest and will offer some of the best fund discounts available.

  • Wide investment choice - invest in over 1,000 funds from leading fund companies.
  • Great savings - initial savings of up to 5.5% on lots of funds could save you as much as £224 on a £4128.00 Junior ISA.
  • Easy to manage - manage Junior ISAs online and view alongside your other investments in CommShare’s FUNDSFOLIO account.
  • Investment flexibility - Lump sum from £500 or monthly saving plan from £25 (Cofunds) or £50 (Fidelity)

Who is eligible for a Junior ISA?

Any child resident in the UK who wasn't eligible for a Child Trust Fund (CTF):

  • Children born on or after 3 January 2011
  • Children (aged under 18) born before 1 September 2002
  • Children born between 1 September 2002 and 3 January 2011 who didn't qualify for a Child Trust Fund will be eligible for Junior ISAs.

The Government stopped Child Trust Funds in January 2011, introducing Junior ISA’s as a replacement for children born before 2002 and after 2011. Children with Child Trust Funds (or those born between 2002 and 2011) will not be eligible for Junior ISAs.

Are Junior ISAs different from Child Trust Funds?

Yes, the main difference is that there will be no government contributions to Junior ISAs as there were with Child Trust Funds. There will not be a stakeholder Junior ISA either.

Can Child Trust Funds be transferred to Junior ISAs?

Yes, where a child has a Child Trust Fund, this can be transferred to a Junior ISA.

CommShare doesn't give investment advice. If you're unsure about suitability, you should seek professional advice. Past performance of an investment is not a guide to future performance. The value of investments or income from them can go down as well as up. You might not get back the amount you invest. Current tax levels and reliefs will depend on your individual circumstances.

  • CommShare Ltd, 16 Hatherley Road, Sidcup, Kent, DA14 4BG
  • Tel: 020 8308 1308 | Fax: 020 8308 1304
  • email: info@commshare.com

CommShare Ltd is Authorised and Regulated by the Financial Conduct Authority.