Yes, as long as you have parental responsibility for the child and you are over 16.
A child is eligible for a OneFamily Junior ISA if:
• They are under age 16.
• They do not already have a Child Trust Fund (CTF) or were born after 3 January 2011 and therefore ineligible for a CTF. (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, the account and all money paid into it belong to the child. They can only access the money from age 18.
When your child turns 18, their Junior ISA will become an adult ISA. It’s up to them what they’d like to do with their investment.
There are a number of options available including:
• Transferring to another ISA
• Withdraw some of the money and keeping the adult ISA open.
• Closing the account and withdrawing all of the funds.
There is an Annual Management Charge of 1.5% of the value of the fund.
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.
It's easy to transfer into one of our Junior ISAs. For more information simply contact our customer service team on 0800 616 695*for an enquiry pack and transfer form.
*We’re open 9am-7pm Monday-Friday and 9am-1pm on Saturdays. We might record your call to help improve our training and for security purposes. We hope you don’t mind. Calls are normally free from UK landlines and from mobile phones.
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.
It's easy to transfer into one of our Junior ISAs. For more information simply contact our customer service team on 0800 616 695* for an enquiry pack and transfer form.
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. Before making a decision to transfer, you should check if the current Child Trust Fund provider will charge a fee.
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.
OneFamily offers a stocks and shares Junior ISA.
Yes, you can take out both a stocks and shares Junior ISA so long as the total contributions remain within the Junior ISA annual allowance applicable for that tax year.
