Junior ISA

A Junior Stock and Shares ISA is a type of savings account that allows you to invest in a wide range of investments. It is a tax efficient way to save on behalf of a child. A Junior ISA is only available to children under the age of 18 who are resident in the UK. Parents or guardians can open the Junior ISA and manage the account but the money belongs to the child and the investment is locked away until the child reaches 18 years old.

Child Trust Funds (CTFs) were available to children born between 1 September 2002 and 2 January 2011.  Junior ISAs replaced CTFs from 1 November 2011.

A child can only hold one Cash and one Stocks and Shares Junior ISA.

The total contribution between both accounts must not exceed the annual allowance of £4,368.

Please note that a child cannot hold both a Junior ISA and Child Trust Fund (CTF).

To open a Fidelity Junior ISA on behalf of a child, you can apply through our straightforward online application.

Withdrawal from a Junior ISA can only occur after the child reaches 18 years of age. If your child becomes terminally ill, you can request to access money in the Junior ISA by completing the HM Revenue & Customs (HMRC) terminal illness early access form.

If your child passes away, the Junior ISA will be paid to whoever inherits their estate (usually a parent or legal guardian).

No, a child cannot have both a CTF and a Junior ISA. If they have a CTF, this will need to be transferred into the Junior ISA upon opening one. Please note that Fidelity does not allow for CTF transfers into a Junior ISA.