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Junior ISA

Junior ISA

The Junior ISA is a tax efficient savings account designed for adults to save on behalf of a child. The Junior ISA is very similar to an adult ISA.

  • The Jump Junior ISA is an equity product that invests into Witan Investment Trust; a well-known and leading global investment trust.
  • The JISA is available to all those children (UK resident) who were not eligible for the Child Trust Fund.
  • The JISA is a tax efficient savings vehicle for adults to save on behalf of a child**.
  • Parents/Guardian must open the JISA, however any family member or friend can contribute towards the account.
  • The maximum annual allowance for the JISA is £4,000 for the 2014/15 tax year.
  • Due to Government rules any money that is invested in a Junior ISA cannot be accessed until the child reaches 18.

Investing in a Junior ISA with Jump is simple and straightforward; you can do this online or by post.

Please ensure you read the Jump Key Features & Terms and Conditions before you complete your application.

 

**Please note that tax assumptions may change if the law changes, and the value of tax relief (if any) will depend upon your individual circumstances. Investors should consult their own tax advisers in order to understand any applicable tax consequences. The above section is based on Witan Investment Services Limited's understanding of Revenue law and practice as at July 2014

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