Our Junior ISA may be right for you if:
- You’re putting money away for a child for at least 5 years
- You want to invest in stocks and shares for potentially higher returns
- You want to open with a regular Direct Debit from as little as £10 per month or a lump sum of £500 or more
Our Junior ISA may not be right for you if:
- You want your child to have access to the money before the age of 18
- You want a guaranteed return on your investment
Please bear in mind that the value of stocks and shares can fall as well as rise and the child could get back less than has been paid in.
The tax advantages of Junior ISA depend on you and your child's individual circumstances and the tax treatment of Junior ISAs may change in the future.
For help with key terms used, please see the Definitions tab.
How it works
Our Junior ISA is designed to provide a child with a tax-free lump sum at the start of their adult life.
It can be set up by parents and legal guardians of the child with a regular Direct Debit from as little as £10 per month or a lump sum of £500 or more. You can also transfer from an existing Junior ISA or from a Child Trust Fund.
Once the account is opened anyone can contribute by Direct Debit, bank transfer or cheque. The only limit is the maximum amount per year: £4,080 in this tax year (2016-17)
Please bear in mind that only the child can access the money and only after they turn 18.
There’s an annual management charge of 1.5% and other additional expenses of approximately 0.2% of the value of the fund.
Boots Gift Voucher Offer
When you set-up a regular Direct Debit of £10 in a Junior ISA we’ll give you a £10 Boots Voucher. Up your Direct Debit to £20 or more and you’ll get a £20 voucher.
Your voucher will be sent to you shortly after we receive your second Direct Debit payment. Gifts are usually received within 90 days of the date of your application.