Junior ISA

Our Junior ISA lets you save up to £4,000 a year for your child TAX-EXEMPT

If you're looking at a regular savings plan to give your child a head start in life then our associated Junior ISA with Shepherds Friendly would be the perfect fit for you. If your child is under 18 years of age and does not already have a Child Trust in their name then you can tax efficiently save up to £4,000 a year. Regular contributions start from just £10 per month, and minimum lump sum payments of £100 initially and £10 at a time thereafter.

Parents, grandparents, aunts, uncles and family friends can all invest in the Junior ISA and with TAX-EXEMPT growth and the final TAX-FREE lump sum just think how much faster your savings will grow.

Here's a summary of what our Junior ISA has to offer:

• Save for any child who doesn't already have a Child Trust Fund in their name
  A Junior ISA can be opened for any UK resident child who is under the age of 18 and does not already have a Child Trust Fund opened in their name.
• You can invest monthly and in lump sums
  You can invest for your child in monthly amounts from just £10 a month and can also invest lump sums from a minimum of £100 initially and £10 at a time thereafter. The maximum amount that can be invested each year is £4,000.
• It's not only parents who can contribute to the Junior ISA
  As well as the child's parents, their grandparents, aunts, uncles, and family friends can also contribute to a Junior ISA up to the maximum of £4,000 a year.

This plan has the following risks

• Bonus rates vary from year to year depending on the performance of our investments and in some years we may not pay out any at all
• HM Revenue and Customs may change the tax status of a Junior ISA in the future
• Inflation may effect the purchasing value of your investment in the future
• Your child may get back less than you have paid in
• This plan cannot be stopped or cashed in until the child is 18