A junior investment ISA is a tax free way for parents to invest money for their children's future. Any money you add is locked away until your child's 18th birthday, after which it becomes a standard ISA.

What types of junior investment ISAs are there?

There are two types of junior investment ISAs:

  • Junior investment ISAs: Invest your child's money in a junior stocks and shares isa. This offers the potential for a greater return, but your child's money could also fall in value.

  • Junior cash ISAs: These are cash based deposit savings accounts, where any money you save for your child is protected against dropping in value.

How to choose the best junior stocks and shares ISA?

If you're investing a juniors stocks and shares isa, your experience and knowledge of the stock market should be a factor.

If you don't know how to pick the right funds to invest your ISA in, then you might want to consider using an investment fund. These are operated by a fund manager, who pools your money in with other investors' money, and controls where it's invested.

Find out more about junior ISAs here

Which junior ISA offers a better return?

  • Junior investment ISAs do not offer variable or fixed interest rates, but instead offer you a return based on current stock market performance.

  • Junior cash ISAs offer variable interest rates. Your child's money will always grow in value as long as the interest rate is above 0%.

If you are not sure if a junior investment ISA is the best account for your child, then get advice from an independent financial adviser.

Find out more about savings interest here

Where can you open each type of junior ISA?

  • Junior investment ISAs are available through an investment manager and you may need to get advice before you are able to open it on behalf of your child.

  • Junior cash ISAs are available to open in banks and building societies and do not require you to speak with an adviser.

You can usually open both types online with a lump sum payment or save throughout the tax year, as long as you do not exceed your child's junior ISA allowance.

How much can you pay into a junior ISA?

Your child has a junior ISA allowance of 9,000 which can be used during the 2020/21 tax year.

You can use all of this allowance in a junior cash or investment ISA, or split it between the two.

You can only pay into one junior cash ISA and one junior investment ISA during each tax year, find out more here.

Which is the best junior ISA available?

The best junior ISA is one that is suitable for your financial goals. Everyone has different needs, so the best junior ISA for you may not be ideal for someone else.

Junior ISA FAQs


Can I open more than one junior ISA for my child?


You can only open and pay into one junior cash ISA and one junior stocks and shares ISA.


Is my child's money safe in a junior ISA?


Junior cash ISAs are safe but money invested in a junior stocks and shares ISA is linked to the stock market, so could go up or down in value.


Can I withdraw money from my child's junior ISA?


No, the account is not accessible until your child turns 18, when the account is turned into an instant access ISA in their name.


How much can I pay into my child's junior ISA?


Up to your child's ISA allowance of 4,260 each tax year.


Can I save for more than one child in a single junior ISA?


No, you can only open a junior ISA on behalf of one child.


Can I open a junior ISA on behalf of someone else's child?


No, only the parent or legal guardian of a child can open a junior ISA on their behalf.

About our junior ISA savings and investments comparison


Who do we include in this comparison?


We include junior investment ISAs from our panel, and every junior cash ISA. They are regulated by the Financial Conduct Authority (FCA).

Here is more information about how our website works.


How do we make money from our comparison?


We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.

You do not pay any extra and the deal you get is not affected.