Finding a suitable Junior ISA provider that fits both your personal and investment choices is no easy task. There are already a whole myriad of combinations and permutations and given the Junior ISA was only launched in November 2011, this task looks sets to become even more difficult. By providing you with clear, concise, up to date information on the latest Cash Junior ISA and Stocks and Shares Junior ISA deals and offers from a whole variety of Junior ISA providers we hope our free and unbiased, independent service, will simplify the task.
The Junior ISA is essentially a long term, tax efficient savings account. Regular and ad hoc contributions start from as little as £10, ensuring the Junior ISA is one of the most affordable and easiest ways to build a tax free lump sum for your child's future. Whether it's for your child's education or university fees, a deposit on their first house, a year out travelling or even the purchase of their first car, you can be safe in the knowledge that all interest and capital gains accrued within the Junior ISA are tax-free.
Not unlike the traditional Cash ISA, all contributions paid into the Cash Junior ISA will accrue interest according to its Annual Equivalent Rate (AER).
With investments in Equities, Stocks, Corporate Bonds, Unit Trusts, Investment Trusts, Gilts, Fixed Interest Securities and Exchange Traded Funds, the value of the Stocks and Shares Junior ISA can go up and down.
Unfortunately transferring a Child Trust Fund into a Junior ISA is currently not possible. Whilst it is likely to be considered by the government some time in the future, help us speed up the process by signing the Merge Child Trust Funds with Junior Isas e-petition for the issue to be debated in the House of Commons. The e-petition requires 100,000 signatures and closes on the 16th August 2012 so please hurry!