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, and no withdrawals can be made until the account is transferred to the child when they turn 18. 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
Open a Wealthify Junior ISA and you won’t have to pay the monthly Wealthify management fees for a year – currently at a rate of up to 0.7% a year 1 .
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 portfolios 2.
Am I eligible?
You can open a Junior ISA on the behalf of a child if:
- You're the child's parent or guardian
You must be either the parent or guardian of the child you’re opening a Junior ISA for
- You haven't opened another Junior Stocks & Shares ISA this year
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
Why invest with a Wealthify Junior ISA?
If you want to start investing for a child, 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 doing good for others.
- Easy to transferMove any existing child trust funds or Junior ISAs into a Wealthify Junior ISA easily.
It’s simple to transfer any existing accounts to us – plus, consolidating accounts makes managing money their easier.
- 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 you1.
- Flexible and affordableAnyone can contribute to their account - from small amounts to lump sums.
With a Wealthify Junior ISA, anyone can contribute lump sums or regular monthly amounts – up to the annual Junior ISA allowance limit, currently £4,260 for the 18/19 tax year – and there’s no minimum payment.
Start investing today
Pay no Wealthify management fees for a year – just investment fund fees.² After the first year standard Wealthify fees will apply, currently up to 0.7% per year.
Looking for something else?
If you're not sold on our Junior ISA, we've got other ways to make your money work.
Still need some help? Give Wealthify a call.
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