Junior ISA

Invest for your child's tomorrow with a Wealthify Junior ISA

It’s important to read the information on this page before you get started with a Wealthify Junior ISA. Here's why it could suit you:

  • A tax-efficient way to save up to £9,000 every year for your child.
  • Wealthify keep costs low and transparent, so you know exactly where you stand. But, as with all investments, your capital is at risk. Tax rules are subject to change.
  • Wealthify is part of the Aviva group of companies and is authorised and regulated by the Financial Conduct Authority.
winner - 5 years running - the personal finance awards 2024/25 - best junior isa

What is a Junior ISA?

A Junior ISA is a tax-efficient investment account, with no income or capital gains tax to pay on any interest or gains. 

This account lets your family and friends contribute, making it a great way to put money away for your little ones. They also have the option to leave a personalised message for the child. 

You can open an account from just £1 today, as long as you’re the parent or legal guardian. On their 18th birthday, they’ll receive full access to their money.

The money could be used to further their education, buy their first house, or to invest further. Whatever the long-term goal, your child’s future could be brighter with a Junior ISA.

Information in the image provided does not show actual performance, and is not intended to show potential future investment growth.

How to open a Junior ISA?

Step 1 of 4

Choose your Plan

Choose from five investment styles and our Original or Ethical Plan. Invest for your child with a one-off payment or Direct Debit from £1.

Step 2 of 4

Take your suitability quiz

This is our way of helping you start your child's JISA in a way that's right for your circumstances and attitude to risk. 

Step 3 of 4

We build and manage your Plan

Our experts then get to work on building and managing your child's Plan, keeping it in line with your chosen style.

Step 4 of 4

Access to the Junior ISA

Your child will have access to their JISA on their 18th birthday, at which point the money can be used as they see fit — including reinvesting it, potentially.

Why a Junior ISA could work for you and your child

  • It's easy to start saving

    Start with as little as £1 or a larger lump sum.

  • Investments managed for you

    There's five investment styles, ranging from Cautious to Adventurous. You can choose an Ethical Plan if that matches your values.

  • Simple application or transfer

    Move an existing Child Trust Fund or JISA into a Wealthify JISA.

How could my child's money grow with a JISA

With a Junior Stocks and Shares ISA, your child’s money will be spread into funds that track the performance of companies around the globe. When they do well, your child’s money goes up, like any other investment would. And at times when markets are performing poorly, our diversified and long-term approach will help shield your child’s investment from any single market event or outcome as best as possible. 

With all interest and gains being tax-free, your child gets to keep more of their returns. And as the goal is to generate even more money for your little one, the profits their investments make are reinvested alongside the money you’ve deposited for them (known as compounding). 

Parents try to take advantage of the £9,000 Junior ISA allowance during each tax year.

With a Junior ISA, the capital is at risk and your child could get back less than invested. The value of the portfolio can go down as well as up, and your child could get back less than was invested.

baby girl-sitting-on-mum-lap-and-playing-with-smartphone

What to think about when taking out a Junior ISA

Benefits of a JISA

  • You're in control until your child reaches 18
    You can keep adding to the Junior ISA, up to the maximum ISA allowance each tax year (currently £9,000). Any returns or interest are free from income tax or capital gains tax.
  • Multiple contributors 
    Easily invite family and friends to pay into the Wealthify Junior ISA.  
  • You can check on performance anytime
    Your online dashboard lets you check in 24/7. 

Things to consider

  1. It’s for the longer term
    Market movements that go up and down are a normal part of investing. Leaving the money invested for five to ten years or more, gives it the best chance to grow. Remember, no investment is guaranteed to deliver returns.
  2. It's managed for you
    You don’t need to be an expert to get started. Your child’s money is looked after by Wealthify’s expert Investment Team, who monitor the Plan and decide where to invest the money.
  3. It's your child's money
    Once you deposit the money, you won’t be able to take it out again, except in exceptional circumstances. The money will only be available to your child when they turn 18. 
Open a JISA with Wealthify

An award-winning ISA

Named Outstanding Performer in Junior ISA Management in the Personal Finance Awards for six years running.

winner - 5 years running - the personal finance awards 2023/24

Junior ISA FAQs

What are the charges for a Wealthify JISA?

Who can have a Junior ISA?

Who can open a Junior ISA?

Who is Wealthify?

Learn about saving for your children

Discover the Junior ISA (JISA)

We all want our children to have the best start in life, with a tax-efficient Junior ISA, they can look forward to a cash sum at 18 and a brighter future. Find out more here.

Ways to save money for your children

Find out the difference between opening Junior ISAs and using your own ISA allowance.

How do I set up a future for my grandkids?

Leaving your grandkids something could give you the satisfaction of knowing you’ve given them – and your children – a helping hand.

Saving for your children as a single parent

Learn more about effective saving strategies for single parents and secure your child's future.