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Junior ISA Guide
- 1. Junior ISA’s June 2011 20655 001 06.2011 Information correct as at 01 June 2011
- 2. 2 What is a Junior ISA? The Junior ISA is a new tax efficient savings account designed for adults to save and invest on behalf of their children. Information correct as at 01 June 2011
- 4. Money is locked away for the child who can withdraw the proceeds only when they reach the age of eighteen
- 5. The accounts are tax efficient like an adult ISAInformation correct as at 01 June 2011
- 8. Will Family Investments be offering a Junior ISA?
- 9. Yes, as experts in children’s savings and with over 1.2 million Child Trust Fund accounts, we feel we are well placed to offer a Junior ISA. Our Junior ISA will be available from the launch date of 1st November 2011.Information correct as at 01 June 2011
- 11. A tax year runs from 6th April to 5th April the following year.
- 12. Family and friends can also contribute to a child’s Junior ISA, as long as the total combined amount invested each year does not exceed £3,000. Information correct as at 01 June 2011
- 14. Can anyone open a Junior ISA account?
- 15. No, only the parent, or someone with parental responsibility, can take out a Junior ISA on behalf of an eligible child.Information correct as at 01 June 2011
- 18. Our 1.2 million Child Trust Fund account holders will continue to receive the very best of service.Information correct as at 01 June 2011
- 20. Winner of the Investment Life & Pensions Moneyfacts award for Best Child Trust Fund Provider 2010
- 21. As a mutual we’re owned by our customers, so our profits are reinvested for their benefit
- 22. 35 years experience of providing financial solutions for familiesInformation correct as at 01 June 2011