Junior ISA

JISAs (Junior Individual Savings Accounts) are a simple, flexible and tax-efficient way of saving for the younger generation, helping you to invest for a better future for your child or grandchild.

Child savings accounts also provide tax-free interest, however if a parent gives money to a child that generates more than £100 a year in interest, tax is paid at the parent’s marginal rate. A Junior ISA, on the other hand, has no such restrictions.

Rules include:

  • The account must be opened by the child’s parent or guardian, although anyone can contribute

  • Up to £4,260 can be invested per child for the 2018/19 tax year

  • There is no personal taxation on any capital growth or income received

  • Investments are flexible, you can invest a lump sum or make regular contributions

  • Only the child can withdraw the money, and only after he or she is 18

  • The JISA account automatically becomes an ISA from the age of 18 if the money is not taken, with the child as the plan owner

  • The law has recently changed to allow parents to transfer Child Trust Fund accounts into Junior ISAs

The value of an investment with St. James’s Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.

The favourable tax treatment given to Junior ISA is subject to changes in legislation and may not continue in the future.


It is always advisable for you to speak to your designated financial adviser at Wellesley Wealth Advisory. Please contact us on 01444244551 or via email at info@wellesleywa.co.uk

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An ISA can be used to save for anything, from short or long term saving to retirement planning, providing you with tax efficiency and flexibility.


The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax reliefs depends on individual circumstances.


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