The Killik & Co Junior Stocks and Shares ISA

On 1 November 2011, the Junior ISA became available to all children resident in the UK under the age of 18 who do not already have a Child Trust Fund (CTF).

The Junior ISA allowance is £3,720 in the 2013/2014 tax year. This allowance can be split between a Cash ISA and a Stocks & Shares ISA, with no limitation on how it will be split. The CTF limit will be raised to match the Junior ISA limit at the same time.

Call us on 020 7337 0777 for more information 

or download our Investing for Children explained booklet

Our ‘Investing for Children explained’ booklet contains information on all the options available to you through Killik & Co to help provide for your child's or grandchild’s future, including; Self Invested Personal Pensions, Child Trust Funds, Bare Trusts, Discretionary and Fixed Interest Trusts, as well as the new Junior ISA.

ISA risks

• Governments can and do change the rules on tax efficient vehicles, like ISAs.
• An ISA is not a risk free product and the value of your ISA investment may be at risk due to the investments held within the wrapper.
• ISAs can grow but depending on market conditions you may not realise the initial sum invested. There is no guarantee that you will get more out of an ISA investment than you have paid in.
• The child must be a UK resident at the time of opening the JISA but does not need to remain a UK resident thereafter. The 'registered contact' does not have to be UK resident.
• ISA investments are liable to Inheritance Tax on death. Income Tax deducted at source on foreign dividends may be recoverable, but the tax credits attaching to UK dividends are not. There are no further taxes to be paid on investments held within an ISA.