Junior ISA

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What is a Junior ISA?

A Junior ISA (JISA) is a savings and investment account for children up to the age of 18. JISAs are an efficient way to save or invest as, like ISAs, they are free from any income or capital gains tax.

There are two types of Junior ISA – Cash and Stocks & Shares. Moneybox offers a Stocks & Shares Junior ISA, which allows you to invest in a range of tracker funds.

The JISA is opened and managed by a parent/guardian and you can pay in up to £9,000 per tax year, which does not count towards your own ISA allowance of £20,000. With a Moneybox Junior ISA, you can also receive gifted deposits from friends and family!

Once the child turns 18, the account matures into a standard Stocks & Shares ISA which they can access and manage.

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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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