Junior ISA

The new easy way to save for your child

Now all children can get the head start they deserve.

If your child missed out on a Child Trust Fund, Junior ISAs are a new tax-efficient way to save on behalf of your child.

Junior ISAs are long-term savings and investments accounts designed specifically for children which will automatically roll over into an adult ISA when your child reaches age 18 (if the money isn’t needed straight away).

You, your family and friends can top-up a Junior ISA by up to £3,720 each tax year in total – meaning that with a Junior ISA you can build up a healthy lump sum for your child.

Take a look at our stocks & shares Junior ISA which is designed for long-term growth. It aims to achieve this by investing in a fund that tracks the performance of the FTSE* All Share Index. What’s more, over half a million** of our CTF customers already invest in the fund.

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Junior ISAs at a glance

Junior ISAs are available for all children born before CTF eligibility in September 2002, as well as children born from 3 January 2011. If you live abroad, or in the Channel Islands or Isle of Man, unfortunately your youngster can’t have a Junior ISA (unless you’re still “UK resident” – for example you’re a Crown servant.  If you’re confused by this at all, please call us on 0845 603 4056, lines are open Mon – Fri 9am – 6pm).

Cash, and stocks & shares Junior ISAs are available. You can take out one cash and one stocks & shares Junior ISA at a time (two accounts in total).

All investment growth and returns are free from personal taxes.

You, your family and friends can top-up Junior ISAs by up to £3,720 each tax year in total. This is the overall limit, but can be spread across both types of account. What your child’s account could be worth.

Only your child will have access to the fund, and only when they reach 18. At that point the fund will transfer into an adult ISA.

More about Junior ISAs

Junior ISAs with The Children’s Mutual

The Children’s Mutual Junior ISA is linked to stocks & shares as we believe that over longer terms (5 years or more), the potential for growth is greater than with a cash-based account - so it’s just available for children aged under 16.

Our Junior ISA offers greater potential for long-term growth by linking investment to company shares.

The value of shares can go down as well as up. To help reduce the impact of this, we use a fund that aims to track the performance of a wide range of UK company shares. But there is still a risk that your child could get back less than has been paid in.

All investment growth and the payout at 18 are free from personal taxes.

Charges are currently set at 1.5% of the account’s value each year (the same as our Child Trust Fund).

Over 130 years’ experience of helping people provide for their families means we’ve built-up a wealth of expertise in this area.

It’s quick and easy to open a Junior ISA for your child online.

Junior ISA Brochure and Apply online

To find out more about our Junior ISA, you can download the Junior ISA Brochure below.

Also, please read the Key Investor Information and Key Features documents. These contain details of the agreement between you and The Children’s Mutual if you decide to open our Junior ISA, as well as the Key Features and Terms & Conditions of our Junior ISA.

If you are applying for a child who is over the age of 13, please be aware that our Junior ISA is linked to Stocks and Shares, which is designed for long term growth (minimum of 5 years). Remember that a Junior ISA can be rolled over to an adult Stocks and Shares ISA once the child reaches 18. Alternatively you may wish to consider investing in a Cash Junior ISA for your child. At the moment, we do not offer a Junior Cash ISA.

 

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* “FTSE” is a trade mark of the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE International Limited (‘FTSE’) under licence. All-Share is a trade mark of FTSE.

** As of 23rd January 2013