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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.

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Most asked

What happens when my child turns 18?

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.

Can I close my child’s Junior ISA and withdraw the money?

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.

How do I access my child’s Junior ISA?

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

What happens when my child turns 18?

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.

Can I open a junior ISA?

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 (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.

Can I withdraw the money in my child's junior ISA?

Can I transfer my child's Junior ISA to another provider?

Can I take out both a cash and a stocks and shares junior ISA?

About OneFamily's Junior ISA

Are there any charges?

Is my child eligible for a OneFamily Junior ISA?

A child is eligible for a OneFamily Junior ISA if:

They're aged 15 or under
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.

What happens to my child's junior ISA if they become terminally ill or die?

Is OneFamily's Junior ISA a stocks and shares or a cash Junior ISA?

What happens to my child’s Junior ISA if we move abroad?

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.

Can businesses pay into a OneFamily Junior ISA?

Managing your OneFamily Junior ISA

Can I close my child's Junior ISA and withdraw the money?