Junior ISA

Important information - please keep in mind that the value of investments can go down as well as up so you may get back less than you invest. The value of tax savings and eligibility to invest in a Junior ISA depend on personal circumstances. All tax rules may change in future. Withdrawals from a Junior ISA will not be possible until the child reaches age 18. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser.

A Junior Stocks and Shares ISA account (JISA) is a tax-efficient way to save for your child’s future as you pay no income tax or capital gains tax on your investments. The Junior ISA allowance for the 2022/23 tax year is £9,000, and you have until 5 April 2023 to use it. Once your child reaches 18, they can access the money in their Junior ISA. Fidelity doesn’t charge service fees on Junior ISAs, giving you the ability to put a little bit extra into your Child’s ISA account if you wish. Ongoing fund charges and other fees may apply.

You must be the child's parent or guardian to open the Junior ISA, but once it is opened, anyone can pay in. All you need to do is start a regular savings plan from £25, or invest a lump sum from as little as £1,000.

Junior ISAs are a tax-efficient way of saving and of course putting money away for your child's future has many benefits but only you can decide if it's the right choice for your child. Below are a list of considerations.

• You already have a child trust fund setup for your child and don’t want to close it.
• You or the child might want access to the money before they turn 18.
• You want to save more than £9,000 per tax- year which is the annual Junior ISA allowance.

 
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the  suitabilty of an investment you should speak to an authorised finanicial adviser.