Who is eligible for a Junior ISA and who can apply for one?
Answer
You can open a stocks and shares Junior ISA for your child in the following circumstances:
- They are under the age of 18
- You have parental responsibility for them
- You are both residents of the UK
You can also open a Junior ISA for your child if you’re a crown employee serving overseas.
Having opened the Junior ISA, you'll be known as the ‘registered contact’, responsible for managing the account. If your child holds a Child Trust Fund (CTF), you can only open a Junior ISA if you transfer the CTF to their Junior ISA as part of the application process.
Once your child turns 18, you can't transfer their CTF to a Junior ISA. Instead, they could transfer it to us as a Stocks and share ISA or Lifetime ISA.