Junior ISA

Open a Junior ISA from just £10 per month, and you can save for your child’s future with a plan you can count on. When you invest, your capital is at risk.


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left to use your 2023/24 Junior ISA allowance

A Junior ISA (JISA), or child’s ISA, is a tax-efficient savings account which allows you to gift a tax-free lump sum to your child as soon as they turn 18. It allows you to save for their future without paying income tax or Capital Gains tax on the returns.

Junior ISAs can be set up by a parent or guardian to help their child fund any future ambitions. Whether it’s their first car, to go towards a housing deposit or to help fund their university education, they’re an efficient method of saving over the long-term.


Our Junior ISA enables you to save tax-free towards a lump sum for your child when they turn 18. Invest up to £9,000 a year with the flexibility to make regular or one-off payments.

  • The fund aims for higher returns than you’d get with a cash ISA or bank account, by paying quarterly bonuses every three months
  • Deposit from just £10 per month or make a one-off payment of as little as £100
  • Friends and family members can pay in, too.

Thanks to smart investment decisions by the fund managers, our Junior ISA has been able to pay a bonus since the plan launched in 2011.

However, the value of investments can fall, so you may get back less than you invest.

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A Junior ISA can only be opened by a child’s parent or legal guardian. Once the Junior ISA has been opened, family and friends can contribute to the child’s future savings goals. This can be done through one-off top-ups or a monthly Direct Debit from just £10, making it a popular way to make cash gifts on birthdays and special events like Christmas.

The Junior ISA allowance is £9,000 for the current tax year, but tax rules may change in the future. This is the maximum total amount that can be deposited into a Junior ISA in each tax year (6 April to 5 April).

A child can only hold one stocks and shares Junior ISA each tax year, but they can also hold a cash Junior ISA. The Junior ISA allowance can be spread across both types of plan, as long as you do not exceed the overall allowance. For example, if you saved £6,000 into a stocks and shares Junior ISA, then you would be able to save another £3,000 into a cash Junior ISA.

Simple to set up

Parents or guardians can open a plan online in minutes. Then make monthly Direct Debit payments or a single lump sum.

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Easy to manage

Manage your plan online, via the mobile app, or with the help of our Member Services Team. Pause, top up or change your payments anytime.

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Brighten their future

When your child turns 18, they will receive a lump sum as a special birthday present

Nothing matters more than your child’s future, so when you choose our Junior ISA, we invest carefully and wisely on your behalf.

How we invest

Our Junior ISA invests your savings in a With-Profits fund, which aims to offer a smoother way to invest. When their Junior ISA matures on their 18th birthday, we guarantee that your child will receive all the money paid into the plan, plus any bonuses.

Unlike with an index-linked fund, a With-Profits fund offers a more predictable investment journey by actively ‘smoothing out’ the daily ups and downs of the market. In years when investments perform well, some of the profits are retained. This means that when market conditions aren’t as good, then we can still aim to pay a quarterly bonus.

Our goal is to provide you with higher returns in the medium to long-term, compared with what you’d get from a bank or building society account. So you should aim to invest for no fewer than five years.

However, in some circumstances, a market value reduction (MVR) could mean you get back less than you paid in, so the amount you receive can’t be guaranteed. If you transfer the money to another provider before the maturity date, or leave the money invested for more than three months after the maturity date:

  • following periods of strong investment performance, you might get a final bonus
  • or, following periods of poor investment performance, you may get back less than the current value of your plan.


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Where we invest our Junior ISA

Our Junior ISA is actively managed by Royal London Asset Management (RLAM). They describe their overall investment approach as ‘responsible’, with the simple belief that the good management of members’ investments will benefit investors, companies, and the economy as a whole.

Your savings will be invested across stocks and shares, equities, bonds, and property. This spread means you’ll benefit from a medium to low-risk investment strategy, where the goal is to achieve greater growth than you’d get from a cash savings account.

Your savings will go into the Multi-Asset Strategies Fund (MAST), managed by Royal London. Your money will be invested responsibly, screening out or limiting investments which may be considered harmful and looking to incorporate some sustainable investments.

The annual management charge for this fund is 1.5%.

Of course, no investment is free from risk. The way this fund is managed means that your investment is at a medium to low-level of risk. This may appeal to you if you prefer a smoother investment journey.

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How we’re regulated

Shepherds Friendly is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Registration Number is 109997.

Why we’re trusted at Shepherds Friendly

We believe in keeping things simple, and putting our members first. That’s why we’re highly rated on independent review platforms, with over 2,750 reviews across REVIEWS.io and Trustpilot.

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Please keep in mind that when you take out an investment product with us your capital is at risk and you may get back less than you have put in.

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Open your Junior ISA online

You’ll be done in the time it takes to make a cup of tea.

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Login & manage your account

Access your secure online account 24/7.

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Help grow their savings

Top up at any time. Friends and family can contribute, too!

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18th birthday surprise

The big day arrives – present them with a tax-free cash gift.

As a mutual, we’re built on fairness. We can pay more profits to our members because we’re owned by them, rather than shareholders. It also means you’ll have a say in how we’re run. So when you open a Shepherds Friendly Junior ISA, you’re not only helping to secure your child’s future but you’re helping to define ours.

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Our members love that we do things the right way

Nine out of 10 members would recommend our responsible investing to a friend.

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Helping our members benefit for almost 200 years

The world’s changed a lot since 1826, but our idea of fairness remains the same.

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When you’re member-owned, it matters more

We take the financial future of every member personally, because you’re one of us.

Once your child’s first deposit has been received, they will receive an ‘ISA Boost’ within 30 days. An ‘ISA Boost’ is cashback paid directly into their plan, equal to the value of the first deposit, up to the value of £100. See our terms and conditions for more details.

It’s important to know what you’re signing up for, so the download below explains all about our Junior ISA. Remember that when you invest, your capital is at risk.

You can choose which fund you’d like to invest in on the next page.
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  • Past performance cannot be taken as a guarantee of future returns.
  • The value of the JISA depends on the future performance of the investments held in the fund and the bonuses we distribute from any profits arising from these investments.
  • HM Revenue and Customs may change the tax status of a Junior ISA in the future.
  • Inflation may affect the purchasing value of the investment in the future.
  • The money invested into a Junior ISA cannot be withdrawn early; it can only be withdrawn by the child when they reach the age of 18 years old.
  • We will calculate the value of your investments in the With-Profits Fund if you transfer your plan elsewhere or leave the money invested for more than 3 months after the child’s 18th birthday. We do this to ensure you receive your fair share. If you have been invested through periods of poor investment performance, you may get back less than the current value of your plan. This is known as a Market Value Reduction (MVR). 

When you take out an investment product with us your capital is at risk and you may get back less than you have put in. All references to taxation are to UK taxation and are based on Shepherds Friendly Society’s understanding of current legislation and H M Revenue and Customs practice which may change in the future.

Investment growth is by means of bonuses, the amount of which cannot be guaranteed throughout the term of the contract. Please ensure that you read the full terms and conditions of this plan which are available from your financial adviser or by contacting us directly.

Please note: Shepherds Friendly has not given any advice. Contact a financial adviser if you have doubts about whether a savings plan is suitable for you. There may be a charge for financial advice, and the cost should be confirmed to you before any advice is given.