Junior ISA

All topics Junior ISA Is the Moneybox Junior ISA protected by the Financial Services Compensation Scheme (FSCS)?

Is the Moneybox Junior ISA protected by the Financial Services Compensation Scheme (FSCS)?

Yes, the Moneybox Junior ISA is protected by the FSCS; however, the protection limit differs from our cash savings product.

For our Junior ISA, any uninvested money held in ‘Available Cash’ is treated as cash and is covered by the FSCS deposit protection limit of £120,000 per person per authorised institution. However, investments are protected up to £85,000 per person, per UK-authorised firm, should that firm collapse.

Please note that FSCS protection does not cover losses if the value of your investments goes down. For more info, please visit the FSCS website. You can also find more information on how the FSCS protection applies to our other products here.

 

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It's important you know

Capital at risk. All investing should be for the longer term. The value of your investments can go up and down, and you may get back less than you invest. Tax treatment depends on individual circumstances and may be subject to change in the future.

A 25% government penalty applies if you withdraw money from a Lifetime ISA for any reason other than buying your first home (up to £450,000) or for retirement, and you may get back less than you paid into your Lifetime ISA.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Payments you make into your pension won’t be accessible until the minimum pension age (currently 55, increasing to age 57 from 2028). Tax treatment depends on individual circumstances and may be subject to change in the future.

For Business Saver: T&Cs apply. Max one withdrawal per day.

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