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Junior ISAs

The Government has now published the draft regulations for its Junior ISAs. A brief summary is:

  • Junior ISAs will be available from 1 November 2011.
  • Children may have one cash and one stocks and shares Junior ISA at any time, with an overall contribution limit of £3,000 per annum.
  • Junior ISAs will be offered by high-street banks, building societies, etc.
  • Funds will be ‘locked in’ until the child is 18.
     

 

 

Date: 19th April, 2011
Author: Cathy Corns

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