Junior ISA (Individual Savings Account)

Use their tax-free allowance

Junior ISA (JISA) enables friends and family to make long term tax-free investments for a child. Scottish Friendly’s JISA plan invests in stocks and shares and is available for children under 18, who didn’t qualify for a Child Trust Fund (CTF).  Take a look at the table below for a useful summary of the plan and visit the in detail tab for more information.

Invest from just £10 per month tax-free for your child's future
i Your Junior ISA i Things you should consider
  • Build up a savings habit for your child and use their tax-free Junior ISA allowance by investing from only £10 a month, or a lump sum from just £50 or a mixture of both.
  • Invest even if you have a Cash Junior ISA.
  • Flexibility is built in. You can start, stop, raise or lower your payments whenever you like.
  • All capital gains and your final pay-out will be free of any taxes.
  • Give your regular or lump sum payments access to the long term growth potential of the stock market with a choice of two actively managed funds.
  • Our professional team of expert fund managers aim to provide a consistently better return than comparable funds.
  • Our UK Growth Fund invests in a selected range of leading UK companies.
  • Our Managed Growth Fund invests in a range of assets including UK and global shares, bonds and cash.
  • Stock market investments can go down as well as up and the child could get back less than you have paid in.
  • You should consider this a long-term investment.
  • Tax-free means the fund the child's plan invests in grows free of income and capital gains tax (other than tax on dividends from UK shares).
  • Tax treatment depends on individual circumstances and tax law may change in future.
  • As the two funds available are actively managed, these funds contain a greater degree of risk than a fund that simply tracks the stock market and will depend on the manager's ability to select stocks and shares that can grow.
  • The Managed Growth Fund can hold currencies other than Sterling. As a result, exchange rate movements may affect the investment as well as price movements.
  • You can invest up to £3,600 in a Junior ISA in the tax year 2012/2013 (£3,720 in the tax year 2013/2014), less any amounts subscribed to a cash Junior ISA with another ISA manager.
  • You cannot take out another Stocks and Shares Junior ISA with another manager once you have set one up and will have to transfer your Junior ISA balance should you wish to do so.
  • The money in the account can only be taken out by the child and only once they reach 18.

Find out more

 

No advice has been provided by Scottish Friendly in relation to this plan. If you are in any doubt as to whether this plan is suitable for you, you should contact a financial adviser for advice. If you do not have a financial adviser, you can get details of local financial advisers by visiting www.unbiased.co.uk. Advisers may charge for providing such advice and should confirm any cost beforehand.

Taking out an investment plan with us is straightforward

Thank you for choosing to apply. All you have to do is follow three simple steps:

  1. Before you apply, please ensure that you have read and understood the information provided on the Junior ISA.
  2. Then download and carefully read the Key Features and Key Investor Information Document relevant to your selected fund(s).
  3. Finally complete the online application, specifying the date on which you wish payments to start and we'll begin processing your plan immediately.

Apply now

Before you continue, you should ensure you have read and understood the Key Features document. This is our standard client agreement upon which we intend to rely. For your own benefit and protection you should read these terms carefully. If you do not understand any point please ask for further information.

Call us on 0333 323 5433 if you have any further questions about this plan or how to apply for a Junior ISA. The information provided relates to Scottish Friendly only.

Lines are open 8.30am-5.30pm, Monday to Friday.

Scottish Friendly may record and monitor calls.

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Taking out an investment plan with us is straightforward

Thank you for choosing to apply. All you have to do is follow five simple steps:

  1. Before you apply, please ensure that you have read and understood the information provided on Junior ISA.
  2. Then download and carefully read the Key Features and Key Investor Information Document relevant to your selected fund(s).
  3. Download the Junior ISA application form.
  4. Print your completed application form, then sign and date it correctly.
  5. Finally, post your completed application form to:
    Scottish Friendly Assurance, Freepost, Glasgow, G2 4BR.

Download Application Form

Before you continue, you should ensure you have read and understood the Key Features document. This is our standard client agreement upon which we intend to rely. For your own benefit and protection you should read these terms carefully. If you do not understand any point please ask for further information.

Call us on 0333 323 5433 if you have any further questions about this plan or how to apply for the Junior ISA. The information provided relates to Scottish Friendly only.

Lines are open 8.30am-5.30pm, Monday to Friday.

Scottish Friendly may record and monitor calls.

This website uses cookies. Continuing to use this website gives consent to cookies being used. For information on how to disable them see our cookie policy. Scottish Friendly is not responsible for the accuracy of the information displayed on externally linked third party websites. The Scottish Friendly Group of Companies consists of the following companies: Scottish Friendly Assurance Society Limited – Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Member of AFM, Member of ABI: Life, Savings and Investments. Scottish Friendly Asset Managers Limited – Authorised and regulated by the Financial Conduct Authority. Member of IMA. Registered in Scotland No 187215: OEIC Managers, ISA Managers. Scottish Friendly Insurance Services Limited – Authorised and regulated by the Financial Conduct Authority. Registered in Scotland No 113007. SFIS (Nominees) Limited - Registered in Scotland No 397351. Head office: Scottish Friendly House, 16 Blythswood Square, Glasgow G2 4HJ.