Junior ISA Application Form 2012-13 qxp - ri-2025

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Once a parent or guardian opens a Junior ISA, grandparents can make contributions within the annual limit of 9,000 (for the 2024/2025 tax year). The account converts to an adult ISA at age 18. Junior ISA top ups can be made online, by post or by telephone as a lump sum or via monthly savings.
The account can only be closed where: the child reaches 18.
The Junior ISA allowance this tax year is 9,000 This means that parents and guardians can save or invest up to 9,000 per year in a Junior ISA for a child under the age of 18. The Junior ISA allowance is the same for both cash and stocks and shares Junior ISAs.
There are many good reasons to open a JISA and start saving for your childs future. Making this decision early could give your child a boost at the start of adulthood by helping them to pay for higher education, driving lessons or even to take their first step on the housing ladder.
Fidelity and Hargreaves Lansdown dont charge platform fees for their Junior ISAs, so if youre looking for a stocks and shares Junior ISA theyd be your best bet.
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Your child can have a Junior Cash ISA, a Junior Stocks and Shares ISA or both. If they have both, the most they can save is still subject to a 9,000 limit for the 2024/25 tax year. Since 6 April 2024, you have to be 18 to open an adult ISA.
You can open an account for yourself online or in a branch if you are 16 or 17 years old and are resident in the UK. You must not already have a Junior Cash ISA or a Child Trust Fund, unless you transfer it to this account. You can do this in a branch. You need to open the account with at least 1.
As a grandparent, you cannot open Junior ISAs for your grandchildren unless you are their legal guardian. Only parents and legal guardians can open Junior ISAs for children under 16. Children aged 16 and 17 can open a Junior ISA for themselves.

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