What is a Junior ISA?

A Junior ISA (JISA) is a tax efficient savings and investments account that allows parents, other family members and friends to contribute and invest for a child. If you intend to make sufficient contributions and investments, which are likely to provide tax benefits, or you wish to make your own choices about where monies are invested, then a JISA might be the right investment for your child.

Beaufort currently offers Junior ISA accounts through our telephone-based services on an advisory or execution-only basis.

Who is eligible?

All children resident in the UK are eligible for a Junior ISA

However, children born between 1 September 2002 and 2 January 2011 will need to transfer their Child Trust Fund to the Junior ISA (or have previously transferred their Child Trust Fund to a Junior ISA) in order to open the account.

Benefits of a Junior ISA

  • The annual contribution limit has been held at £4,080 for the 2016/17 tax year;
  • A tax efficient lump sum at the start of adult life, which can be rolled into an ISA;
  • Ability to create a diverse portfolio from shares to fixed interest investments or even commodities;
  • A tax efficient account like an adult ISA; no further tax liability on the interest or dividends received;
  • Any profits from investments are free of Capital Gains Tax;
  • It is possible to select investments that pay interest and income gross.

Risks Involved

  • Investments and income arising from them can fall in value and the child may lose some or all of the amount that has been invested;
  • Funds cannot be returned to the contributor(s) once paid in;
  • You cannot restrict what the child does with the fund once they have access to their investments;
  • The commissions and other charges paid on transactions and the annual administration charge will affect overall performance;
  • Tax treatment depends on the specific circumstances of each individual and may be subject to change in the future.

Apply Now

To apply for a new Junior ISA account click here

Apply Now

Transfer Now

To transfer an existing Junior ISA account to Beaufort click here

Transfer Now

To transfer an existing Child Trust Fund account to a Beaufort Junior ISA click here

Transfer Now

JISA Charges

There are no annual management fees for holding a Beaufort Advisory JISA and our standard dealing commissions for this account. Click here to download our Advisory Rate Card.

Risk Warnings

Click here to see full Risk Warnings
Please read our Terms & Conditions for JISAs