Financial Advice
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We are authorised and regulated by the Financial Conduct Authority.
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We are authorised and regulated by the Financial Conduct Authority.

What is a Junior ISA?

A Junior ISA (JISA) is a tax-efficient savings and investment or savings account set up by a parent or guardian for a child below the age of 18.

A JISA allows a range of different investment funds, investment trusts, government gilts, corporate bonds and cash.

The maximum amount that may be contributed to a Junior ISA is £9,000 per person in a tax year beginning 6th April and ending 5th April.

Using your Junior ISA

Using your Junior ISA

  • The JISA may be accessed by the ‘child’ for any purpose when they are aged 18
  • A child may take control of the JISA when they are aged 16 but cannot access it until they are 18.
Things to think about...

Things to think about...

  • Any child under the age of 16 can open a Lifetime ISA by a registered contact (e.g. parent or guardian) residing in the UK and only that contact may make contributions on the child’s behalf.
  • Anyone can contribute to a JISA but with Sutherland IFA only via the registered contact (e.g. parent or guardian).
  • Investing in stocks and shares for at least five years offers potentially higher returns but at a greater level of risk than say cash.
  • Although you don’t pay tax on interest accrued in Cash, inflation can erode the value of capital over time.
  • A child may have one Cash Junior ISA, one Stocks and Shares ISA or both so long as the maximum annual allowance of £9,000 per child is not exceeded.
  • The money in the Junior ISA belongs to the child.
  • A child may take control of the JISA when they are aged 16 but cannot access it until they are 18.

How we work

We keep it straightforward and simple.

1  

Arrange a Lifestyle Planning Meeting

A meeting at our expense to identify where you are now, how you got to where you are now, and where you’re trying to get to in the next 5, 10 and 20 years and so on for the rest of your life; in other words, a Lifestyle Plan.

     
2  

Arrange a Financial Planning Meeting

Another meeting, again at our expense, to identify all the resources available to you now, resources that will become available in future, and most importantly resources that might have to become available to satisfy the needs of your Lifestyle Plan.

     
3  

Arrange an Implementation Meeting of your Financial Plan

If, and only if, your Financial Plan indicates that that your needs would be best served by a financial or investment product and service, it is at this point that a recommendation will be made, again at our expense. If you are happy to go ahead in full knowledge of the facts and the fees involved, we can then start to implement your Financial Plan. If you want to walk away at this point, no problem; we wish you well and it won’t have cost you anything.

     
4  

Arrange an Annual Forward Planning Meeting

Now on board as a Sutherland IFA fee-paying client, an annual meeting is held to make sure that your Lifestyle Plan and your Financial Plan are on track to meet your financial goals and objectives.

Let’s start a conversation

We welcome the opportunity to learn more about how we can help you. Schedule a free no-obligation consultation, you might be surprised!