Junior ISAs (JISAs) can help you save for your child’s future. By putting money away little and often, you could quickly grow a junior ISA that will give your child more options when they reach adulthood.
What's more, friends and family members can also pay in! But there are a few rules to keep in mind when it comes to paying money into a child's JISA.
How do you pay into a junior ISA?
This might be different for different junior ISA providers.
But at OneFamily, we make it as easy as possible to pay into a JISA by offering different ways to do so.
You can:
- set up a Direct Debit through your online account
- pay in online through our website with your debit card
- pay in over the phone
- post us a cheque.
You need to know the child’s name, date of birth and their JISA account number.
You can also pay into a OneFamily JISA by bank transfer. Use the bank details from the table below, quoting the JISA account number as the payment reference.
| Type of account | Sort Code | Account Number |
|---|---|---|
| Junior ISA account number (beginning with a “J") | 60-00-01 | 36238007 |
You can make payments into a OneFamily JISA from as little as £10 and there’s no upper limit for each payment, as long as it doesn’t take you over the annual JISA allowance, which is £9,000 each tax year.
If you're having problems paying into a child's JISA, the Payments page in our Help and Support section might have the answer.
How much can I pay into a junior ISA?
The maximum you can pay in is £9,000 each tax year (tax year runs April - April).
The minimum amount you can pay into a JISA each time depends on your provider's own rules. For a OneFamily JISA, it's £10.
Who can pay into a junior ISA?
Anyone can pay into a child's JISA. You don’t even have to be a family member, so even a godparent, family friend or neighbour can help support your child.
Your child can pay into their own junior ISA
As long as your child has a bank account, they can pay into their own JISA.
Telling your child about their JISA early on and teaching them how to use it to save their own pocket money could be a great way to help them build good savings habits for the future.
Grandparents can pay into a junior ISA
Not only can grandparents pay into a JISA, but it can also be a great way to leave some money for your grandchildren potentially without paying inheritance tax on it.
What would you like to do next?
Find out more about junior ISAs
Our guides contain everything you need to know to about investing for your child's future in a junior ISA.
Transfer to OneFamily
Transferring a child trust fund or junior ISA from another provider to OneFamily is simple and we don't charge you to do so.
Open a OneFamily Junior ISA
Give your child more options when they reach 18 with our straightforward Junior ISA. Simply choose one of our three climate-focused funds to start investing on their behalf.
Our Junior ISA invests in stocks and shares. The value is therefore likely to go up and down over time.
This is normal for this type on investment, but it means there is a risk your child could get back less than has been paid in if they withdraw at a time when the value is lower.
