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Junior ISA

A Junior ISA (JISA) is a tax-efficient savings and investments account that allows parents, other family members and friends to contribute and invest for a child.

The Redmayne-Bentley JISA should only be considered for a child if you:

  • Intend to make sufficient contributions and investments, which are likely to provide tax benefits in the future.
  • Wish to make your own choices about where monies are invested or have an advisory or discretionary portfolio into which it can be incorporated.

Who is eligible for a JISA?

  • The JISA is available to any child resident in the UK under 18 years of age. If a child has a Child Trust Fund (CTF) the savings in the CTF can now be transferred to a JISA.

What are the benefits of a JISA?

  • The annual contribution limit has been increased to £4,128 for the 2017/18 tax year.
  • A tax-efficient lump sum at the start of adult life, which can be rolled into an ISA.
  • Ability to create a diverse portfolio from shares to fixed interest investments or even commodities.
  • A tax-efficient account like an adult ISA; no further tax liability on the interest or dividends received.

What are the risks?

  • Investments and income arising from them can fall as well as rise in value and the child may lose some or all of the amount invested.
  • Funds cannot be returned to the contributor(s) once paid in.
  • You cannot restrict what the child does with the fund once they have access to their investments.
  • The commissions and other charges paid on transactions and the annual administration charge will affect overall performance.
  • Tax treatment depends on the specific circumstances of each individual and may be subject to change in the future.

How much does it cost?

  • The annual administration charge is £20 +VAT. For new JISA accounts this would be due for payment in October 2018.
  • Commission: 1.65 per cent (minimum £10) per transaction, 'settlement and compliance' charge (£10) and any applicable government taxes and duties.
    Please see our Guide to Services and Charges for details

Info Point

In March 2016 the firm received the accolade of 'Best ISA Provider' at the City of London Wealth Management Awards for the second consecutive year.

In 2017 we were awarded ‘Best Advisory Service’ at the City of London Wealth Management Awards

Redmayne-Bentley was named 'Best Stockbroker for Customer Service' at the Investors Chronicle and Financial Times Awards 2016 and 'Best Advisory Stockbroker' at the ADVFN International Financial Awards 2016, after also receiving this award in 2015.

In 2015 we were awarded the title of 'Best Full Service Stockbroker' at the Investors Chronicle and Financial Times Awards for the second year in a row.

For more information on our awards, please visit www.redmayne.co.uk/awards.

Execution-only share dealing
Execution-only means that the stockbroker will carry out (ie. 'execute') your instructions to buy or sell shares within your child's JISA, but they will not advise on which transactions you should make.

We offer investment management services, allowing you to entrust your portfolio to our experienced investment managers, or take control of your investment decisions whilst still benefiting from our expertise.

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Investing For Children (PDF: 0.29 MB)

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