What is a Junior ISA (JISA)?
Invest for your child 
You can save or invest up to £9,000 for each child every tax year and it doesn't affect your own personal ISA allowance.
Ready for their 18th 
When your child reaches 18, It will roll over into a regular adult Stocks and Shares ISA so they'll keep the tax benefits. Or they can choose to make withdrawals for whatever they need with no tax to pay.
Ideal for gifts 
Family and friends can contribute too, making it a great way to put money away as gifts - with a personalised message for the child.
Why invest in a Junior ISA?
It's a head start
Investing through their childhood will mean children could have a nest egg waiting that can be used for a home, education or travel.
It's an education
Getting them involved in their JISA can be a good opportunity to teach them the value of saving and investing at an early age.
Pay in your way
You can keep adding to the JISA when it suits you, up to the maximum JISA allowance each tax year (currently £9,000). Payments can either be regular small monthly payments that fit your budget or lump sums when you have them.
Things to consider before applying for a Wealthify Junior Stocks and Shares ISA
It’s for the longer term
Market movements that go up and down are a normal part of investing. Leaving the money invested, for five to ten years or more, gives it the best chance to grow. Remember, no investment is guaranteed to deliver returns, and you might not get back what you put in.
It's managed for you
Once you've chosen the investment style, the Wealthify experts will look after your child's account and decide where to invest. You just need to check it now and then to see how it's doing.
It's your child's money
Once your money is invested, you can't take it out again, except in exceptional circumstances. The money in a Junior ISA belongs to the child and can only be accessed when they turn 18.
If you're unsure and would like a personalised recommendation based on your personal circumstances, we recommend taking financial advice. There will be a charge for advice.
How to open a Wealthify Junior ISA
Open or transfer
Open a Junior ISA with £1,000 with the option to add a monthly contribution. You can also move an existing Child Trust fund or transfer a Junior ISA into a Wealthify Junior ISA.
Decide on risk
Take a Suitability Quiz. This is Wealthifys way of helping you start your child's JISA in a way that's right for yours and your child’s circumstances and investment style.
Pick your investments
You'll then get to choose from five Original Plans ranging from cautious to adventurous, or you can opt for an Ethical Plan.
Keep track of the JISA
Your online dashboard will let you check the performance of your investments 24/7.
Wealthify charges
Account fee
There's an annual fee of 0.6% a year for managing the JISA.
Trading fees
Wealthify Investment Plans have fund and trading fees of approximately 0.14% per annum for Original Plans and 0.46% per annum for Ethical Plans.
Transaction fees
There are no charges to make withdrawals or transfers, or fees to close a Wealthify JISA. But you'll need to check if you need to pay exit fees with your existing provider.
You can find details of these fees that Wealthify charge here.
Learn about Junior ISAs
We have a range of simple guides and tools that can help you understand more about saving for your children.
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Strategies
Ways to save money for your children
Should you use a JISA or your own ISA to save for your kids?
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ISA calculator
Work out the returns on investing with an ISA.
Compound interest calculator
See how your money could grow over time.
Inflation calculator
Understand how inflation affects savings and investments.
Frequently asked questions
Who can open a Junior ISA?
Junior ISAs can only be opened by the parent or legal guardian of a child under the age of 18 who fits the eligibility criteria. Once opened the parent/guardian will become the registered contact for the account. Check the Wealthify JISA FAQs for more details.
The registered contact is the only person authorised to make decisions about the management of the account and must keep Wealthify informed if the child’s personal details change.
When the child turns 18, they become the registered contact and their Junior ISA will change into an adult ISA. They can keep investing, move it elsewhere, or withdraw some or all of it.
Who can have a JISA?
Junior ISAs are available to children who:
- Are under the age of 18
- Are residents of the UK, or are dependants of a crown employee (e.g. army employee based overseas)
- Don’t already have a Child Trust Fund (CTF)
You can transfer your Child Trust Fund over to a Junior ISA, but your child cannot have a CTF and a Junior ISA at the same time. When transferring a CTF to a Junior ISA, the full balance must be transferred.
Who is Wealthify?
Wealthify is part of the Aviva Group and is authorised and regulated by the Financial Conduct Authority (FCA). Your child’s money is held securely under the scheme in the event of the insolvency of Wealthify.
Wealthify is also authorised by the Financial Services Compensation Scheme (FSCS), meaning up to £120,000 your child’s money may be protected under the scheme.
It’s important to remember that the value of your investments can go down as well as up and you may get back less than you invested.
All assets in Wealthify’s Junior ISAs will be held in accordance with the FCA's Client Asset (CASS) rules; meaning all parties hold your cash securely and separately from their own. For more information, please read Wealthify's Investment Terms and Conditions.
What are the charges for a Wealthify JISA?
You can find details of the fees that Wealthify charge here.
What is a Child Trust Fund (CTF)?
A Child Trust Fund (CTF) is a long-term savings account set up by the UK government for children born between 1 September 2002 and 2 January 2011 after the scheme closed in 2011.
The aim was to give every child a financial head start in adult life. The account belongs to the child, and any money saved in it can grow free from UK income tax and capital gains tax.
When the child turns 18, the Child Trust Fund matures and they can decide what to do with the money.
It's not possible to have a Child Trust Fund as well as a Junior ISA.
The next steps on your investing journey
Open an Aviva Stocks & Shares ISA 
Invest in a tax-efficient way. Use your £20,000 ISA allowance and start from just £25 a month.
Invest with Wealthify 
Choose from a range of options from cautious to adventurous with a Wealthify ISA or Investment Account.
Open an Aviva Investment Account 
An Aviva Investment Account is a flexible way to invest beyond your ISA.