Junior Cash ISA
A simple way to build savings that will come of age with your child. Open with just £1 and because it's an ISA your child won't pay any tax on the interest they earn up to the annual allowance.
Our Junior Cash ISA allows you to save up to £9,000 and earn tax-free interest.
This means you can save up to £9,000 in a Junior ISA in the tax year ending 5 April 2021.
Tax-free means the interest paid will be free from UK Income Tax. The advantages of which depend on your individual circumstances and the tax treatment of your ISA may change in the future.
Benefits
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Earn a variable rate of 1.50% tax free/AER from £1
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Deposits can be made by anyone up to the limit of £9,000 and are treated as a gift to the child
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Once the child reaches 18, the account will mature into a Cash ISA Saver with bonus
Withdrawals aren't permitted prior to maturity at age 18 (unless the child is diagnosed with a terminal illness and permission is given by HMRC to make withdrawals).