What are junior individual savings accounts?

A Junior ISA can be used to satisfy a variety of savings objectives from education planning to funding a deposit for their first home, teaching your children how to manage money and establish good savings habits as they make their first steps out into the world working towards financial independence.

The younger generation are facing new and difficult financial challenges as they grow up in the modern world. University and tuition fees, the prospect of finding a deposit on a first house and the realities of having to work longer and make provisions for an income in retirement.

In 2011 Junior ISAs replaced Child Trust Funds (CTF). Children born between 2002 and 2011 would have had a CTF. CTFs can now be transferred into a Junior ISA. As with an adult ISA, a Junior ISA shelters your child’s investments from capital gains and income tax. You can put in up to £9,000 a year, letting you build up a tax-efficient nest egg for your child, who can access the money when they turn 18.

Junior ISA helps give youngsters an introduction to the importance of saving. It provides a flexible and tax-efficient way which aims to build a capital sum to help secure the financial future of your children.

Starting to save money now might make all the difference in the long-term.

Key Investor Information

The value of an investment with St. James’s Place will be directly linked to the performance of the funds selected and the value may therefore fall as well as rise. You may get back less than you initially invested.

The favourable tax treatment given to Junior ISA is subject to changes in legislation and may not continue in the future.


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