Junior ISA FAQs
Junior ISAs are saving or investment accounts that can be opened for children by someone who has parental responsibility for the child. Anyone can pay money in, and the child will be able to access it when they turn 18 without paying any tax.
If you're having any problems with opening or managing a OneFamily Junior ISA, take a look at our Help and Support pages.
For questions about what happens when a Junior ISA matures, take a look at our Maturity FAQs.
Most asked
When your child turns 18, their Junior ISA will automatically become an adult ISA. This is known as the account "maturing". The money will stay invested in the same fund until your child moves or withdraws it, but it won't be possible to pay any more money in.
There are a number of options available including:
- Transferring to another ISA, like our Lifetime ISA or Stocks and Shares ISA
- Withdrawing some of the money to spend now and keeping some of it invested in their adult ISA
- Closing the account and withdrawing all of the funds
- Withdrawing some of the money to spend now and moving the rest into another ISA
For more questions about Junior ISA maturity, take a look at our Maturity FAQs.
Got the answers you need? Go to the main Junior ISA page to open a Junior ISA
No. The money in your child's Junior ISA belongs to them so no-one else, even their parent, can access it. They will be able to withdraw the money when they turn 18.
The only exception to this is if the child passes away or becomes terminally ill. If this is the case please contact us as soon as possible and we will do everything we can to help you.
You can stop paying into a Junior ISA at any time, but please be aware that the Annual Management Charge will still be taken from the account.
Learn more about our Junior ISA fees and charges.
If you hold a Junior ISA with us, you can manage it in your online account.
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 contact details on the account).
You won’t be able to take any money out, as only the child the junior ISA was opened for can access the money, and only when they turn 18.
About junior ISAs
When your child turns 18, their Junior ISA will automatically become an adult ISA. This is known as the account "maturing". The money will stay invested in the same fund until your child moves or withdraws it, but it won't be possible to pay any more money in.
There are a number of options available including:
- Transferring to another ISA, like our Lifetime ISA or Stocks and Shares ISA
- Withdrawing some of the money to spend now and keeping some of it invested in their adult ISA
- Closing the account and withdrawing all of the funds
- Withdrawing some of the money to spend now and moving the rest into another ISA
For more questions about Junior ISA maturity, take a look at our Maturity FAQs.
Got the answers you need? Go to the main Junior ISA page to open a Junior ISA
Yes, as long as you have parental responsibility for the child and you are over 16.
Find out how to open a junior ISA.
Got the answers you need? Go to the main Junior ISA page to open a Junior ISA
No, your child can't have both a child trust fund (CTF) 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.
Find out more about transferring a child trust fund into 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 can't transfer back into a child trust fund. We won't charge you to transfer a child trust fund to a OneFamily Junior ISA, even if the child trust fund isn't held by us. However, the provider who does hold the child trust fund might charge a transfer fee so it's worth checking with them before moving the money.
Got the answers you need? Go to the main Junior ISA page to open a Junior ISA
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.
Learn more about the difference between cash and stocks and shares junior ISAs
Got the answers you need? Go to the main Junior ISA page to open a Junior ISA
When we talk about risk in investing, it’s the risk that you won’t be able to buy as much with your money when you decide to withdraw it compared to when you first invested it.
This could be because the cost of living has grown by more than your investments, or because falls in the stock market have left you with less money than you started with.
You can find out more about investment risk in our interview with a fund manager.
About OneFamily's Junior ISA
There is an Annual Management Charge of 1.5% of the value of the fund.
Learn more about our Junior ISA fees and charges.
Got the answers you need? Go to the main Junior ISA page to open a Junior ISA
A child is eligible for a OneFamily Junior ISA if:
- They're under 16 years of age
- They don't already have a child trust fund. However, you can transfer an existing child trust fund 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
Find out more about who can open a Junior ISA.
Got the answers you need? Go to the main Junior ISA page to open a Junior ISA
Please get in touch as soon as possible and we will do everything we can to help you. Just so you know, we might ask you for a death certificate or doctor's letter.
HMRC generally allow you to withdraw the money in a junior ISA if the child becomes terminally ill. You should contact them as soon as possible to explain the situation.
Got the answers you need? Go to the main Junior ISA page to open a Junior ISA
OneFamily offers a stocks and shares Junior ISA.
Find out about the differences between stocks and shares and cash junior ISAs.
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 junior ISA is with us, 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.
Got the answers you need? Go to the main Junior ISA page to open a Junior ISA
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.
No. The account and the money in it belongs to the child it's intended for. Only they can access it and only when they turn 18.
If you own a Junior ISA and you've turned 18, find out more about what happens next with our Maturity FAQs.
It's easy. Simply fill out the transfer form and we'll do the rest.
Find out more and download the form here:
- Transferring a junior ISA to OneFamily
- Transferring a child trust fund to a OneFamily Junior ISA
Managing your OneFamily Junior ISA
You can find out how much your Junior ISA is worth by logging into your online account.
We also send statements to the Registered Contact by post four times a year.
No. The money in your child's Junior ISA belongs to them so no-one else, even their parent, can access it. They will be able to withdraw the money when they turn 18.
The only exception to this is if the child passes away or becomes terminally ill. If this is the case please contact us as soon as possible and we will do everything we can to help you.
You can stop paying into a Junior ISA at any time, but please be aware that the Annual Management Charge will still be taken from the account.
You can transfer your OneFamily Junior ISA to another provider at any time and we won't charge you to do this. Please contact the provider you are transferring to to get started and to find out if they charge any transfer fees.
Learn more about our Junior ISA fees and charges.
If you hold a Junior ISA with us, you can manage it in your online account.
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 contact details on the account).
You won’t be able to take any money out, as only the child the junior ISA was opened for can access the money, and only when they turn 18.
There are several ways to pay into the account:
- You can pay into the Junior ISA account either by setting up a monthly Direct Debit or by making a one-off payment. Register or log into your online account to get started.
- You can send a cheque made payable to OneFamily or your child to FREEPOST ONEFAMILY (please note, this is the full address). Please ensure on the reverse side of the cheque you write the child’s name, date of birth, account number and your name and address.
- You can also pay into the account using online banking. Use your Junior ISA account number as your payee reference - this can be found on your statement or by logging into your online account. Use the details below to pay money into the correct OneFamily account.
| Type of account | Sort Code | Account Number |
|---|---|---|
| Junior ISA account number beginning with a “J" | 60-00-01 | 36238007 |
You can pause or reduce payments into your Junior ISA at any time, free of charge. Log into your online account to change your direct debit.
You can restart payments again in the future or make one-off payments at any time by logging into your online account or by clicking on 'Payments' at the top of onefamily.com.
You can find information on our funds in our fund factsheet list. Fund factsheets are usually updated every three months.
If you’re not sure what fund the Junior ISA is invested in, you can find out by logging into your online account.
As long as the fund you'd like to switch to is available, you can switch at any time, free of charge, to another Junior ISA fund we provide.
You can find which fund the Junior ISA is invested in by logging into your online account where there is also an option to switch funds.
Yes, you can transfer your child’s Junior ISA to another provider at any time. We don't charge you to do this.
What would you like to do next?
Find out more about Junior ISAs
If you'd like to find out more about Junior ISAs take a look at our guide.
Start saving today
Your kids deserve a head start. Invest in your children's future with our stocks and shares Junior ISA for tax-free savings
Transfer a Junior ISA account
Transferring a Junior ISA to us is simple, and we won't charge you for making the change. Find out more and get started here