What is a Junior ISA?

We explain just what is a Junior ISA and give you some ideas on how and where to invest your child's Junior ISA allowance for the 2014/15 tax year

Emma Wall 12 March, 2015 | 10:45AM

This article is part of Morningstar’s Guide to Financial Planning, your handbook for making the most of your tax-free investing opportunities, reducing your annual – and lifetime – tax bill while keeping HMRC onside.

Junior ISAs allow you to save on behalf of under-18s tax efficiently. Just like an adult Isa, you can chose to shield cash, stocks or investment funds from HMRC, but unlike the adult Isa, investments cannot be cashed in at any time – the child must reach 18 before they have access to funds.

Parents, grandparents, friends and guardians can invest on a child's behalf and the income and profits earned on the investment will be income tax and capital gains tax-free.

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About Author

Emma Wall  is former Senior International Editor for Morningstar

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