What is a Junior Isa?

Junior Isas are tax-free savings accounts for children under the age of 18. Find out how a Junior Isa works, how much cash you can invest and what happens if you have an existing child trust fund. Anyone can pay into a Junior Isa and there's no personal income or capital gains tax to pay on any growth. The Junior Isa annual contribution limit for the 2018-19 tax year is £4,260. This has increased from £4,128 in 2017-18. Junior Isas can be opened by the parents or guardians of children born on or after 3 January 2011, or before 31 August 2002. There are two types of Junior Isa: 1) Junior cash Isas 2) Junior stocks and shares Isa Any money placed into a Junior Isa will not be able to be accessed until the child turns 18. For more expert advice on Junior Isas and where to get the best rate visit https://ift.tt/2PpTUYT Which?: http://www.which.co.uk Twitter: https://twitter.com/whichuk Facebook: https://ift.tt/1fAOmna