Invest in their future with a Junior ISA
If you want to give your child a helping hand with university fees, buying their first car or getting a foot on the property ladder, a Junior ISA could be a great place to start.
Investing in a connectpx Junior Stocks and Shares ISA lets you build a pot of money for them when they turn 18.
Junior ISAs are a tax-efficient way for you to save up to £4,368 each year for your child.
Money in a Junior ISA belongs to the child, not the parent, and can only be accessed when they turn 18.
Your child can have a Junior Stocks and Shares ISA and a Junior Cash ISA, as long as the combined contributions don’t exceed £4,368 in each tax year.
connectpx also offers Ethical Junior ISAs, so you can stay true to your values whilst giving your child’s money a chance to grow.
Grown up investing for your little ones
Setting up a Junior Stocks and Shares ISA is simple and straightforward.
Choose how much you’d like to invest and pick one of five investment styles.
We build a Junior Stocks & Shares ISA Plan and monitor it regularly.
Check how their Junior ISA is performing 24/7 by signing into your dashboard.
Transfer to a connectpx Junior ISA
You can easily transfer a Junior Cash ISA, Junior Stocks and Shares ISA, or Child Trust Fund you have with other providers to connectpx, as long as you are the registered contact for the account.
Your child can’t have a Junior ISA and a Child Trust Fund at the same time, so if you want to open a connectpx Junior ISA you will need to follow our transfer process.
We can only accept a transfer of the whole amount of an existing Junior Stocks and Shares ISA or Child Trust Fund.
Learn more about our Junior ISA
Who is a Junior ISA for?
If you want to build an investment pot for your child that neither you or they can touch until your child turns 18, then a Junior ISA could be the answer. Any money paid into a Junior ISA belongs to the child and cannot be withdrawn by anyone other than the child when they turn 18.
Junior ISAs are available to children who:
- Are under the age of 18
- Are residents of the UK, or are dependants of a crown employee (e.g. army employee based overseas)
- And don’t already have a Child Trust Fund (CTF).
How does a Junior ISA work?
- Junior ISAs allow your child to keep more of their money by protecting any positive returns they receive from income tax and capital gains tax. Only a child’s parent or legal guardian can open a Junior ISA account on their behalf. Your child can have one Junior Cash ISA and/or a Junior Stocks and Shares ISA at any time, into which you can currently contribute a maximum of £4,368 per tax year, per eligible child. You can split the amount however you choose between a Junior Cash ISA and a Junior Stocks and Shares ISA as long as the combined amount doesn’t exceed the annual limit. You don’t need to use the same provider for your child’s Junior Cash ISA and Junior Stocks and Shares ISA, so you’ve got flexibility to choose the best option for you and your child. At the start of each new tax year, on 6 April, the child’s annual Junior ISA allowance re-sets and you can start another year of tax-efficient saving for each child. Your child will only be able to access the money within their Junior ISA when they turn 18. When they turn 18, the Junior ISA is automatically changed into an adult ISA. At this point, they can choose to keep saving or investing, or they can withdraw some or all of the balance to help pay for things like university, or a new car.
What is a Junior ISA?
A Junior ISA is a tax-efficient way to save and invest on behalf of your child.
Payments into a Junior ISA are different from adult ISAs, because the money you put in belongs to your child. Once you put money in, you can’t take it out again, except in exceptional circumstances, and your child can only get access to their money when they turn 18.
There are two types of Junior ISA:
- Junior Cash ISAs: earn interest like a savings account. The interest rate is fixed and typically based on the rate set by the Bank of England.
- Junior Stocks & Shares ISAs: (Also known as Junior Investment ISAs), these invest in financial markets with the aim of earning returns for investors that are greater than those you would get in a Junior Cash ISA. Returns are not guaranteed, and the value of your investments can go down as well as up.