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What is a Junior ISA?

We explain how you can save tax-efficiently for your child’s future


Shepherds Friendly Junior ISA facts


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piggy bank with coins

The Junior ISA is a government backed tax-exempt child savings plan


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You can save for your child's future whilst protecting their returns from the taxman


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It is available to all children under the age of 18, who are living in the UK and do not have a Child Trust Fund




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Only the child's parent or guardian can open a Junior ISA




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You can open a Junior ISA from as little as £10 a month, or with an initial lump sum of £100




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There is an annual allowance for the Junior ISA that usually increases at the end of each tax year. This year the allowance is £4,128




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Your child will be able to access the money as a tax-free lump sum on their 18th birthday, or they can choose to transfer it to an adult ISA.



hundred pounds bag

You can open a Junior ISA from as little as £10 a month, or with an initial lump sum of £100




pink pig money box

There is an annual allowance for the Junior ISA that usually increases at the end of each tax year. This year the allowance is £4,128




pink pig money box

Your child will be able to access the money as a tax-free lump sum on their 18th birthday, or they can choose to transfer it to an adult ISA.


How their Junior ISA could grow

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Apart from making regular contributions to your child's Junior ISA, their savings could continue to grow in the following ways:

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Family and Friends

Anybody, such as grandparents, aunties and uncles or even family friends can contribute to the savings plan


Gift contributions

You can add lump sums whenever you want as gifts i.e. birthdays and Christmas

family and friends

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Invested for long-term growth

Your child’s savings would be invested in our ‘With-Profits’ fund, so that it has a better chance of achieving growth over the long-term.


Annual bonuses

An annual bonus is normally added to the value of your child's savings each year. Remember, the level of annual bonus can go up and down and there is no guarentee that a bonus will be added each year

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Low/Medium risk fund

As our fund is invested in a wide range of assets, we carry a low/medium risk category, which means we aim for smoother long-term growth. But remember, when investing your capital is at risk

Can I afford a Junior ISA?

Use the slider below to get an idea of how much you can afford to save for your child

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Saving £10 a month would be similar to buying a new toy for your child


How do you open a Shepherds Friendly Junior ISA?

The easiest way to open a Shepherds Friendly Junior ISA is to follow our simple online application process




Find out more information about the Shepherds Friendly Junior ISA, including the key features and how your child’s money would be invested




Alternatively, you can open a Shepherds Friendly Junior ISA by calling our Customer Services team on 0800 526 249


Get in touch

Are you still not sure? Just fill out the contact form below, and we'll send you some more in-depth information about our Junior ISA, as well as our other child savings plans