A Junior ISA (or Junior individual savings account) is a tax-efficient way of saving for your child’s adult life.
You can open a Junior ISA for a child if they’re under 18, and you are their parent, or in a position of parental responsibility. 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-free nest egg for your child, who can access the money when they turn 18.
Lucie, our JISA expert explains the basics of a Junior individual saving account.