Junior ISA

Starting to save money now could be the difference between whether or not your children can afford to do what they would like when the time comes.

The younger generation face new and difficult financial challenges as they grow up in the modern world: university tuition fees, the challenge of finding a deposit on a first house and, further ahead, the prospect of having to work longer and make provision for an income in retirement.

Building a capital sum can ensure they have a good education and open up opportunities to help them establish themselves as they grow up. A junior investment ISA can help give your children a head start in life and offer an introduction to the importance of saving, whilst providing a flexible and tax-efficient way to help secure their financial future.

Key Junior ISA information

The favourable tax treatment given to Junior ISA funds is subject to changes in legislation and may not continue in the future.

If your child was born between 2002 and 2011, they may have had a Child Trust Fund. We can help transfer this across to a Junior ISA account, advise you on the best types of ISA for your investment and consult on how best to manage the account.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

An investment in a Stocks and Shares ISA will not provide the same security of capital associated with a Cash ISA.