Junior Stocks and Shares ISA

The Junior ISA is designed to encourage your child to get into the habit of saving regularly. The Junior ISA can hold a variety of investments, which are protected from income tax and capital gains tax.

Who is it for?
Any child resident in the UK who is not eligible for the Child Trust Fund (CTF):
• Under 18 and born before September 2002
• Born on or after 3 January 2011

What are the benefits?
The Junior ISA is a simple way to give your child's investment a financial advantage because it offers:
• Tax free growth (apart from tax credits on dividends which can no longer be reclaimed)
• Bonuses
• Tax free payouts

How much will it cost?
Because of the generous tax savings, the government limit the maximum that can be paid in each tax year. Initially the annual limit is £3,600, but this will increase annually from 6 April 2013 in line with the Consumer Price Index (CPI). Regular premiums can be paid by standing order or via your Lodge Secretary. You can also contribute lump sums by cheque whenever you want. In fact, anyone can contribute to the Junior ISA.
• The minimum premium is £10 per month or £120 per year
• The maximum premium is £300 per month or £3,600 per year for the tax years ending 5 April 2012 and 5 April 2013. The maximum will then increase annually in line with the Consumer Price Index.

How do I Apply?
Download the information booklet and application form here.