What is a Junior ISA?
A Junior Individual Savings Account, or JISA, is a tax-efficient way to invest money on behalf of a child so it’s there for them when they reach adulthood. Any returns are free from income and capital gains tax. Whether they’re heading to university or hoping to get on the property ladder, a Wealthify Junior ISA is a great way to kickstart their future.
What will you pay?
Simple fees with no hidden surprises.
Ongoing management fees
Wealthify charge a monthly fee for managing your investments, currently up to 0.7% a year.
Investment fund fees
You’ll pay an annual percentage of your investment – this can vary, but is typically between 0.16% and 0.23% a year for the Original portfolios, or between 0.42% and 0.69% a year for the Ethical portfolio.
Am I eligible?
Your child can only have one Junior Stocks & Shares ISA and one Junior Cash ISA at any time. If you've already set up a Junior Stocks & Shares ISA or a Child Trust Fund with another provider, you would have to transfer it to Wealthify.
You can open a new Junior ISA on behalf of a child if:
- You're the child's parent or guardian
- You don't already have a Junior Stocks and Shares ISA or Child Trust Fund
You can only open and/or pay into one a year, so if you want to open a new Junior ISA, you will need to transfer any existing Junior ISAs into the new account
- If your child lives in the UK
Why invest with a Wealthify Junior ISA?
If you want to invest for your child's future, but aren’t sure where to start, our Wealthify Junior ISA could be the answer.
- Choose how to investWealthify offer both Original and Ethical portfolios, so you can choose where to invest your child's money.
Your values are as important as investing for their future. Our ethical fund providers are signatories to the Principles of Responsible Investing (PRI), so you can rest assured your money is only invested in companies making a positive impact.
- Easy to transferMove an existing Child Trust Fund or Junior ISA into a Wealthify Junior ISA easily
It's simple to transfer an existing account to us as long as you are the registered contact for the account.
- No experience neededWealthify will manage the child's money for you so you don't have to.
Wealthify offer a range of options based on your attitude to investing – from cautious to adventurous – and their experts will then manage investments for you.
- Flexible and affordableTop up as much or as little as you like.
With a Wealthify Junior ISA, you can invest lump sums or regular monthly amounts – up to the annual Junior ISA allowance limit, currently £4,368 for the 2019/2020 tax year – and there’s no minimum payment.
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Looking for something else?
If you're not sold on our Junior ISA, we've got other ways to make your money work.
This is not a personal recommendation. If you need a personalised recommendation based on your personal circumstances, you should seek financial advice.Your money will be invested in low-cost funds carefully selected by Wealthify, each containing a diverse range of investments such as stocks, bonds and property. Fund provider fees are between 0.19% and 0.26% a year for the Original portfolios, or between 0.42% and 0.82% a year for Ethical portfolios.
If you click through to Wealthify, we’ll share some of your personal information with them so that you can receive the offer and to help fill out any forms in case you want to apply. To see how we take care of your data, visit here. For information on how Wealthify process your data, check their website.
Wealthify and Aviva
Aviva is a majority shareholder in Wealthify. Wealthify is authorised and regulated by the Financial Conduct Authority. Aviva UK Digital Limited will receive an introductory fee of £50 for successful introduction to Wealthify. The underlying investment management services are provided by Wealthify Limited, not Aviva UK Digital Limited.
Wealthify and you
This offer is being made to you without regard to your specific investment objectives, financial situation or particular needs and therefore this offer doesn’t imply that Wealthify is suitable for you, and isn’t a personal recommendation of any kind. If you’re unsure about investing and need advice, have a chat with our Advice Support Team who will put you in touch with a financial adviser. Call us on 0800 092 8215 or visit aviva.co.uk/advice.
Aviva UK Digital Limited acts as an introducer to Wealthify Limited for ISA and General Investment Accounts. Aviva UK Digital Limited is registered in England No. 09766150. Registered office: St Helen’s, 1 Undershaft, London EC3P 3DQ. Authorised and regulated by the Financial Conduct Authority. Firm Reference Number: 728985. Aviva UK Digital Limited and Wealthify Limited are subsidiaries of Aviva Group Holdings Limited which owns more than 10% of their share capital.