A Junior Individual Savings Account (JISA) is a long-term, tax-free savings account for children under the age of 18. A Junior ISA is set up by a parent or guardian, but anyone can contribute money into the account. Only the child will have access to the JISA after they turn 18 years old.

The benefit of a Junior ISA is that the account holder pays no tax on interest, capital growth, or dividends on any contributions up to the Junior ISA allowance. For more information please visit:

Junior Individual Savings Accounts (ISA)

Junior ISAs for ISA managers

Yes – Moneyfarm has a minimum one-off investment of £500, which is the same as our minimum threshold for other products, and a minimum monthly contribution of £10. 

As long as you’re a Moneyfarm client, and a parent or legal guardian with parental responsibility, you are eligible. In addition, your child must be both:

• under 18 years of age
• and a UK resident

However, if your child lives outside the UK, they can open a Junior ISA if both of the following conditions apply:

• you, as the Moneyfarm client, are a Crown servant (in the UK armed forces, diplomatic service, or overseas civil service)
• your child depends on you (the Moneyfarm client) for their care

As of the 2022/2023 tax year, the annual allowance, or limit, for a JISA is £9,000. Your JISA allowance resets at the start of each new tax year. The tax year ends on 5th April and your allowance, or any unused portion of it, doesn’t carry over to the next tax year, so if you don’t want to lose it, you should use it. Please note, tax treatments depend on your individual circumstances and may change in the future.

The money in a Junior ISA belongs to the child in all but exceptional circumstances. They cannot withdraw the money until they’re 18 years of age.

Moneyfarm don’t currently accept customers under the age of 18, so unfortunately we can’t onboard 16–year-olds. Your child will have to wait until they are 18 years old to become the registered contact.

Yes – you may transfer Cash JISAs, Stocks & Shares JISAs, and Child Trust Funds to Moneyfarm.

Anyone, including parents, grandparents, friends, or family can contribute on behalf of the child, so long as the total contributions don’t exceed the annual JISA limit.

Once your child turns 18, their JISA will be put on hold. All the child simply needs to do is create a Moneyfarm account, open an ISA portfolio, and get in touch with us. We’ll migrate their funds from their JISA portfolio to their very own adult ISA portfolio. While the JISA remains on hold, Moneyfarm will continue to manage, rebalance, and apply fees, however, we can’t accept any new contributions (either one-off or recurring), or make any transfers until it has been migrated to an ISA.