A Junior Individual Savings Account (JISA) offers a tax-efficient way to put money away and build up savings for a child.
Whether you would like to help your child buy their first home or pay for university, it is never too early to give them a head-start in saving for the future.
With our Junior Stocks and Shares ISA, you can invest the funds you contribute as you save for your child. Investing could give them a stronger financial foundation in the future, with the potential to see returns above inflation and equivalent interest rates available through cash ISAs.
Who can open a Junior ISA?
Parents or guardians with children under 18 living in the UK can open a Junior ISA on their behalf.
Once a child turns 16, they can take control of the account but cannot withdraw the funds until they turn 18. They can then roll the savings into an Individual Savings Account (ISA), where the money can continue to grow over the long term with the same beneficial tax treatment.
A Junior ISA differs from a Child Trust Fund as it is a newer type of savings account that offers greater flexibility. A child cannot have both types but you can transfer funds from a Child Trust Fund into a Junior ISA.
"Teach your child the value of money and the importance of saving. It's a gift that will last a lifetime."
Tim Bennett
Capital at Risk
Please remember as with all investments your money can rise and fall. Past performance is not an indicator of future returns. Tax treatment depends on individual circumstances and may change in future.
What is the Junior ISA allowance?
The Junior ISA allowance for the tax year from 6 April 2024 to 5 April 2025 is £9,000 per child. You cannot currently contribute more than this amount to a Junior ISA.
You can contribute to a Junior ISA as little or as often as you like, although we usually recommend setting up a direct debit to ensure you consistently build up savings for your child over the long term.
What are the benefits of saving into a Stocks & Shares JISA?
Whether you prefer to manage your child’s investments yourself or have one of our Advisers manage them, our Stocks and Shares JISA offers a tax-efficient way to grow their savings, with expert advice every step of the way. A Stocks and Shares JISA provides the following benefits:
Easy setup and saving – and family and friends can contribute too (with some providers)
Investments are sheltered from UK income and capital gains taxes
A range of different investment approaches to balance investment risk and return
Opportunities to invest in both UK and overseas markets
Withdrawals are tax-free and can often be made at any time
JISAs also provide a long-term savings plan for your child because money cannot be withdrawn before age 18 (except for select circumstances). This means that over time the funds held within the JISA have time to benefit from investment growth as well as compound growth (as any gains are reinvested).
Your JISA investment options
Our JISA provides access to a broad range of investments across geographies, themes and sectors. The main asset classes we invest in are shares, bonds and funds.
Stocks and Shares
Invest directly in companies and share in their success. Target investment returns to support your financial goals.
Bonds and Gilts
Diversify with corporate and government bonds. Benefit from a predictable return and lower volatility of capital with fixed income.
Funds and Alternatives
Gain wider market exposure and reduce stock-specific risk with funds, exchange-traded funds (ETFs), investment trusts, and more.
Open a Junior ISA Account
When you open a Junior ISA with Killik & Co, our dedicated Advisers will tailor your child’s investment approach in line with your requirements. Get a head-start on saving for their future and take advantage of a personal and tax-efficient service.
If you would like to transfer an existing Junior ISA or Child Trust Fund to Killik & Co, we will not charge additional fees, but please be aware your current provider may charge exit fees.
Our Stocks and Share JISA allows anyone to contribute cash gifts on behalf of a child. Whether a family member or friend, you can contribute to a JISA to help grow savings for their future. Please note that some providers may not offer this feature.
Stocks and Shares JISA calculator
Use our Stocks and Shares JISA calculator to see how much your child’s savings could grow over the long term based on the amounts contributed.
Spending some time planning the most suitable investment strategy for your child can give them a boost when they turn 18. Here are our top tips for making the most of a JISA.
What to consider?
Start saving early. The earlier you start saving, the more time your child’s money has to grow and benefit from compound growth.
Save regularly. Even if you can only save a small amount each month, it will add up over time and can also avoid issues with trying to time investments into the market, by drip-feeding investments through market movements and cycles.
Set clear goals. For example, if you want to help your child save for later in life, a Junior SIPP may be more suitable than a Junior ISA. Learn more about investing for children.
Set realistic goals – we recommend investing for a minimum of five years, so your child’s savings have the best chance to grow. If access to the funds is required prior to the child turning 18 (for example to fund school fees), it may be better to look for an alternative option. Those new to investing can learn more here or watch our Killik Explains: Tax savings basics 2 - what is a JISA? video.
Not utilising your annual allowance. You can save or invest up to £9,000 per tax year into a Junior ISA. If you don't use your allowance, you are missing out on a valuable opportunity to save for your child's future tax-efficiently.
Not diversifying your investments. If you choose to invest in a Stocks and Shares JISA it is important to diversify. Don’t invest in a single company stock. Spreading your money across different assets, sectors and geographies, helps to reduce the risk of any single area of underperformance.
Avoid short term decisions – once you’ve put money into a JISA, you can’t withdraw it and it will remain until your child takes control aged 18. You can switch providers, investments or between stocks & shares to cash and vice versa. Focus on the long term, as over the course of your child’s entire childhood, you have time for investments to recover from short-term volatility and return to growth.
Looking for an investment app?
Our investment app can be a great option for newer investors or those looking to contribute smaller amounts regularly into an ISA, Junior ISA or General Investment Account.
Anything you save into the app is invested on your behalf, into one of several low-cost funds, based on your objectives and attitude to risk. Funds offer a convenient and efficient way to invest in a basket of well-diversified investments.
“A Managed service can be a good option during the early years of investing, whilst building knowledge and experience.”
Mike Pate
Awards & Testimonials
James Dunn
Partner, Head of Investment Managers
"Through his extensive knowledge and experience, he is able to advise and guide in all investment and savings matters, and explain clearly to someone with little knowledge in these matters."
Alison, East Sussex
Bronwen Horton
Senior Wealth Planner
"I have worked with Bronwen for over two years, and I could not have had a better person to help me with Wealth Planning. Knowledgeable, efficient, empathetic and an extremely effective communicator - with a good sense of humour. Investment help and advice, especially for busy working women, is so important and Bronwen has given me that advice in spades."
Penny Noble
Jonathan Drysch
Partner, Associate Planning Director
"In recent years, my family have needed a comprehensive understanding of our complicated financial landscape. We wanted to optimise returns on our savings and formulate a robust plan for retirement and provide financial support to the wider family. Jonathan and his dedicated team have played a pivotal role in bringing a conclusive end to this journey, offering invaluable insights and strategic solutions. We extend our sincere gratitude and anticipate a valued partnership for the future."
Client of Jonathan Drysch
Paul Martin
Partner, Esher Branch Manager
"Taking time to really understand my requirements now and later in life, my approach to risk, and the lifestyle I hope to maintain. Paul explains the markets and his investment decision in layman's terms which inspires confidence in his advice."
Lisa, London
William Stevens
Partner, Head of Financial Planning
“The advice and perspective received from the entire team at Killik & Co during the planning process has been exceptional. I have much greater clarity and a renewed sense of confidence in my financial future and retirement thanks to their efforts.”
Wealth Planning Client
Emma Tuckett
Investment Manager
"A personal, polite, informative and most importantly, considerate approach to someone who is naturally hesitant and anxious."
Helen
Investors Chronicle & Financial Times
Wealth Manager
5* Winner
Investors Chronicle & Financial Times
Selective ISA Provider
5* Winner
Investors Chronicle & Financial Times
Selective SIPP Provider
5* Winner
Past performance is not an indicator of future results
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A child can have one Cash Junior ISA and one Stocks and Shares Junior ISA each. They cannot have two Junior ISAs of the same type, and £9,000 is the total amount you can contribute across both account types.
Is a JISA the same as a Stocks and Shares JISA?
No. A JISA is a savings account that can hold cash and benefit from tax-free savings growth. A Stocks and Shares JISA is different because it allows you to invest on behalf of a child in various asset classes (and contributions are sheltered from income and capital gains taxes).
Can grandparents open a Junior ISA for grandchildren?
Grandparents cannot open a Junior ISA for grandchildren unless they are the guardian of that child. However, a Killik & Co Junior ISA allows grandparents and other family members to make contributions.
What happens to a Junior ISA when your child turns 18?
When your child turns 18, their Junior ISA will automatically be converted into a standard ISA. They can then choose to withdraw the money or allow it to continue to grow over the long term with the same beneficial tax treatment.
How much does a Killik & Co Junior Stocks and Shares ISA cost?
There is no cost to open a Killik & Co Junior Stocks and Shares ISA or to transfer an existing Junior ISA or Child Trust Fund (although it is a good idea to check there are no exit charges from the provider you are leaving). There will be fees in connection with the other services you select, such as investment management and advice. Our Advisers can discuss these options with you and confirm the charges you can expect.
Can you invest in a Cash Junior ISA and a Stocks and Shares Junior ISA in the same tax year?
You can contribute funds into a Cash Junior ISA and Stocks and Shares Junior ISA in the same tax year, but you can only invest money saved into a Stocks and Shares Junior ISA. The total amount you can contribute across both account types is £9,000.
Can you withdraw money from a Junior ISA?
Yes. You can withdraw money from a Junior Stocks and Shares ISA after age 18. Please note you may incur additional fees when withdrawing money, which your provider will have outlined in their terms and conditions.
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