Junior ISAs

Junior ISAs

Save or invest for your little ones with a child ISA. Start from just £10 a month

My Choice Junior ISA>

We all want our kids to get the best possible start in adult life. A Junior ISA helps you build a long-term investment, so that when they turn 18 it could give them a handy cash sum for whatever they want, from a deposit on their first house, to paying for university costs.

Is my child eligible for a Junior ISA?

Your child is eligible for a Junior ISA if:

  • They are a UK resident
  • They are under 18
  • They weren't eligible for a Child Trust Fund (i.e. they were born before September 2002 or on or after January 3rd 2011)

What types of Junior ISA are available?

There are two types of ISA to choose from for your children; Cash Junior ISA or Stocks and Shares Junior ISA.

Cash Junior ISA

A Cash Junior ISA is similar to a regular child's savings account in that it allows you to save money for your child tax-free. Any interest gained on what you put away can't be touched by the taxman.

However bear in mind that low interest rates could mean that the return your child receives on your savings could struggle to outpace inflation.

Scottish Friendly doesn't offer Cash Junior ISAs.

Stocks and Shares Junior ISA

With a Stocks and Shares Junior ISA, instead of a savings account, your money is put to work on the stock market in funds, bonds or individual shares.

These Junior ISAs are also tax-free, which in this case means your investment grows free of income and capital gains tax (other than tax from dividends on UK shares).

Because it's linked to stock market performance, your money has greater potential for growth if the market performs well. However, if the market doesn't perform well, the value of your investment can also go down.

For both Cash and Stocks and Shares Junior ISAs, you should be aware that tax treatment depends on individual circumstances and tax law may change in the future. Learn more about Junior ISAs here.

Our Junior ISA

My Choice (Junior ISA) is a policy within a Scottish Friendly Junior Individual Savings Account (JISA). The policy invests in your choice of funds, including stock market and bond funds. It offers flexible payment options, it's tax free and available for children under 18 who didn't qualify for a Child Trust Fund.

  • Invest from £10 a month or a lump sum from £50 or transfer in from another provider.
  • Choose from a range of 8 funds.
  • Invest up to £4,080 this tax year.
  • Anyone can contribute to their own policy within the child's Junior ISA, so family members can help invest for their future.
  • The value of your investments can fall as well as rise, so your child could get back less than you paid in.
  • The fund aims to grow your money over time, so it should be considered as a long-term investment.
  • Money invested in a Junior ISA belongs to the child. They can only withdraw it when they reach 18.

Start a Junior ISA investment from £10 a month

Open a My Choice (Junior ISA) today>



Add a policy to an existing Junior ISA today

Add a policy to an existing Junior ISA>

Junior ISAs explained


What is a Junior ISA?

Junior ISA rules

Junior ISA allowance

Every year, the Government sets a limit of how much you’re allowed to invest in your choice of Junior ISA. The current allowance for the 2016/2017 tax year is £4,080, which can be split across two types of Junior ISA.

More about your Junior ISA allowance

Junior ISA calculator

Junior ISA calculator

How much could your child's Junior ISA be worth in the future? Take a look at what they might get back with our easy to use Junior ISA calculator now.

Try our Junior ISA calculator

Who can pay into a Junior ISA?

Who can pay into a Junior ISA?

A Junior ISA can only be set up by a child’s parent or guardian. But once that’s done, anyone can contribute towards the youngster’s financial future, from grandparents and godparent to uncles, aunts and family friends.

Who can pay into a Junior ISA?

Adult Investment ISAs

Adult Investment ISAs

Because we think that investing for the future should be available to everyone, Scottish Friendly offers a range of ISAs starting from only £10 a month.

More about ISAs

Junior ISAs: frequently asked questions

Junior ISA rules FAQ

Can I have both a Stocks & Shares JISA and a Cash JISA?

Yes, your child can have one Cash Junior ISA and one Stocks & Shares Junior ISA, as long as you keep within the annual savings & investments limit. Investments can be made into one or both plans but the total paid into all plans can't be more than the Junior ISA allowance for that tax year which runs from 6 April 2016 to 5 April 2017.

Is there a limit or allowance on Junior ISAs?

You can invest a total of £4,080 in Junior ISAs in the current tax year (2016/2017).

Who can contribute to a Junior ISA?

Junior ISAs must be set up by the parent or legal guardian, but once that’s done, anyone can contribute. That includes grandparents, aunts, uncles and family friends, as long as the JISA remains within the annual limit.

Are Junior ISAs Tax Free?

Yes, the return your child earns on both Cash Junior ISAs and Stocks & Shares Junior ISAs are tax-free. For a Stocks & Shares Junior ISA, tax-free means the fund your 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 the future.

Withdrawals & transfers FAQ

Can I take money out of my Childs Junior ISA?

No. Only your child can withdraw funds from a Junior ISA - and only when they reach 18. All payments made into it are considered a gift to the child and cannot be returned.

Will my Child be able to withdraw from the account?

Not until they reach 18. Once your child turns 16, they can manage their account, but they won’t be able to withdraw money from it until their 18th birthday. For this reason, Junior ISAs should be considered a long-term investment.

Can I move money between Junior ISAs?

You can transfer a Cash Junior ISA into another Cash Junior ISA or Stocks & Shares Junior ISA, the same is true for transferring a Stocks & Shares Junior ISA.

Can I transfer a Child Trust Fund into a Junior ISA?

Only children who were not entitled to a Child Trust Fund can have a Junior ISA (i.e. children born before September 2002 or on or after January 3rd 2011). However, since the 6th April 2015 the Government has allowed parents to transfer an existing Child Trust Fund (CTF) into a Junior ISA (JISA) if they so wish.

Investment, costs and savings FAQ

Is there a minimum investment

Minimum Investment: £10 a month and £50 lump sum

What are the costs of opening a Junior ISA with Scottish Friendly?

There are no charges from opening a Junior ISA. However, you will have to pay an annual management charge of 1.5%.

General FAQ

What type of Junior ISA is best for my child?

It depends whether you want to save or invest for your child. Cash Junior ISAs are essentially bank accounts where the interest is added tax-free, so the overall amount can only ever go up, although inflation can erode the value over time. Stocks & Shares Junior ISAs are linked to the stock market, meaning that the money in the account could have a greater potential than a secure cash account to increase over the long term but it can also fall, so your original investment is not guaranteed.

How do I manage my Scottish Friendly JISA Account?

Account Management can be done via your account online, via the My Plans tool, or by phone, email and post.

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.