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Junior ISA
A tax-free head start for your child.
Annual limit
£9,000
Separate from the adult £20,000 ISA allowance
Government incentive
None
Tax on growth
None
Tax on income
None
Tax on withdrawal
Tax-free — accessible when the child turns 18
Eligibility
UK resident children under 18
Best for
- ✓Parents and grandparents investing for a child
- ✓Long investment horizons (10–18 years)
- ✓University funds or a first-home deposit
Key benefits
- ✓Tax-free growth and income
- ✓£9,000/year allowance — separate from your own ISA allowance
- ✓Long investment horizon means more time for compounding
- ✓Child can take control at 16, access funds at 18
Restrictions & watch-outs
- ⚠️Money is locked away until the child turns 18
- ⚠️Child cannot access funds early (no exceptions)
- ⚠️Cannot hold a Junior ISA and Child Trust Fund at the same time