They do not already have a Child Trust Fund (CTF) or were born after 3 January 2011 and therefore ineligible for a CTF. Note - if they do have a CTF, it can be transferred into a Junior ISA
They are a UK resident. If they aren’t they can still be eligible if you, as parent or legal guardian, are working overseas as a Crown Servant, or you are married/ in a registered civil partnership with such a person
No, your child can't have both a Child Trust Fund (CTF) and a junior ISA. However, if your child already has a CTF, you can transfer the funds over to open a Junior ISA.
To transfer a CTF, 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 CTF. Before making a decision to transfer, you should check if the current CTF provider will charge a fee.
If you are the registered contact for a child’s junior ISA, you are in charge of managing their account until they can take ownership. This includes checking the account balance, monitoring investments and changing account details (such as the registered contact for the account).
You won’t be able to take any money out, as only the child the JISA was opened for can access the money in that JISA, and only when they turn 18.
Yes, you can transfer your child’s junior ISA to another provider at any time. We do not apply a charge if you want to transfer a OneFamily Junior ISA to another provider.
No, only the child can access the money and only once they turn 18. You can choose to stop contributing into a junior ISA at any time but the Annual Management Charge will continue to be taken.
No. We do not accept payments from business accounts. Any money that you save or invest in any kind of ISA, including a junior ISA, has to come from a UK personal bank or building society account.
Yes. You can open both a cash JISA and a stocks and shares JISA under the same child’s name. You just need to keep in mind that you can still only pay in up to £9,000 in total each tax year, regardless of how many JISAs the child has in their name.
You should let us know as soon as possible if you or your child move abroad. You should also let us know if you or your child return to the UK.
You will still be able to put money in your child’s junior ISA if you or your child move abroad, but it’s important that you look into the tax laws of the country you’re moving to. When your child gains access to the money in their junior ISA at 18, it’s possible that they might have to pay tax on any proceeds they get from their investments.
If your child is diagnosed with a terminal illness, you’ll have to get in touch with HMRC. They will then let you take the money out of their junior ISA.
If your child passes away, you should let us know so you can access the money in your child’s Junior ISA. We might need to ask you for a death certificate.
