Can I open a Junior ISA?
Yes, as long as you have parental responsibility for the child.
Is my child eligible for a OneFamily Junior ISA?
To be eligible for our Junior ISA, your child must:
- Be resident in the UK
- Be under the age of 16
- Not have been eligible for a Child Trust Fund
Existing Child Trust Funds can be transferred into our Junior ISA. To find out more please call us on 0800 1389 007
Can I access the money paid into a Junior ISA?
No, the account belongs to the child and any money paid in to a Junior ISA belongs to the child. Only they can access the money and only after they turn 18.
What happens when my child turns 18?
When your child turns 18, their Junior ISA will become an adult ISA. It’s up to them whether they keep their money invested or withdraw the money.
Are there any charges?
There is an Annual Management Charge of 1.5% of the value of the fund. Other annual expenses of approximately 0.2% of the value of the fund are also deducted. You can find more information about these charges in the Important Information booklet.
Do I have to take out a new Junior ISA, with a new provider, each tax year?
No, your Junior ISA can remain with a single provider throughout the lifetime of the account. You may also transfer the funds to another provider at any time.
Can I transfer my child’s Junior ISA between providers?
Yes, you can transfer your child’s Junior ISA to another provider at any time.
It's easy to transfer into our Junior ISA and we don't make any charges to do this. You will need to transfer £500 or more though.
To find out more please call us on 0800 1389 007
If my child already has a Child Trust Fund, can I also open a Junior ISA for them?
No, your child can’t have both a Child Trust Fund and a Junior ISA. However, if your child already has a Child Trust Fund, you can transfer the funds over to open a Junior ISA.
To transfer a Child Trust Fund, you must be the Registered Contact on the account. Once you have made the transfer into a Junior ISA you cannot transfer back into a Child Trust Fund. To find out more please call us on 0800 1389 007
Can I transfer a Child Trust Fund to a Junior ISA?
Yes, you can transfer a Child Trust Fund to open a Junior ISA, provided you're the Registered Contact on the Child Trust Fund account.
As an award-winning provider of both products the choice between moving from a CTF to a JISA really comes down to the individual family and how they are looking to make the most of their product and savings.
To find out more please call us on 0800 1389 007.
Can I cancel the account?
After you take out a Junior ISA, you have the right to cancel it within 14 days of the date you receive your Welcome Pack.
After 14 days, the account will remain open until your child’s 18th birthday. However, you don’t have to keep paying during this time. You can increase, decrease or stop payments at any time.
See the Important Information booklet for more information on what happens if you cancel the account.