A Junior ISA (JISA) is an indiviudual savings allowance for children under the age of 18.
Parents or legal guardians of a child can open a JISA for them and any money they add to it belongs to the child (not the parent/legal guardian). The child can then access the money when they turn 18.
There are two different types of JISA available in the financial services industry; at CIRCA5000, we offer a Stocks & Shares JISA.
A Stocks & Shares JISA is a tax efficient investment account for your child where any money you add to it is invested in the stock market.
A CIRCA5000 Stocks & Shares JISA allows you to:
Save up to the JISA allowance each tax year, paying no Income or Capital Gains Tax on capital growth or interest / dividends (the 2021-22 tax year JISA allowance is £9,000).
Invest your child's JISA money into companies making a difference, though CIRCA5000’s impact portfolios.
Achieve potentially higher returns than a Cash JISA.
Checkout out our JISA FAQs Collection if you have more JISA-related questions!