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In this section
Junior ISAs explained
Important information - please keep in mind that the value of investments can go down as well as up so you may get back less than you invest. The value of tax savings and eligibility to invest in a Junior ISA depend on personal circumstances. All tax rules may change in future. Withdrawals from a Junior ISA will not be possible until the child reaches age 18.
Junior ISA FAQs
How does a junior ISA differ from a Child Trust Fund?
Child Trust Funds (CTFs) were available to children born between 1 September 2002 and 2 January 2011. Junior ISAs replaced CTFs from 1 November 2011.
Can a child have both a Child Trust Fund (CTF) and a junior ISA?
No, a child cannot have both a CTF and a junior ISA. If they have a CTF, this will need to be transferred into the junior ISA upon opening one.
What is the junior ISA age limit?
Any child who is a resident of the UK and does not hold a Child Trust Fund is eligible for a junior ISA as long as they are 17 years old or under. Once a child reaches 18 years of age, they are no longer eligible for one, but will be eligible for an ISA.
Opening a junior ISA
How do I open a junior ISA?
To open a junior ISA on behalf of a child, you can apply through our straightforward online application. If you need help, download our step-by-step guide on how to open an account with us.
Who can open a junior ISA?
A person with parental responsibility for any eligible child (or the child themselves if they are aged between 16 or 17) can apply to open a junior ISA (JISA) and become the registered contact.
The registered contact has responsibility for managing the JISA and making investment decisions until the child reaches 18 years of age.
How many junior ISAs can a child have?
A child can only hold one cash and one stocks and shares junior ISA. The total contribution between both accounts must not exceed the annual allowance of £9,000. Please note that a child cannot hold both a junior ISA and Child Trust Fund (CTF).
Let's get started
You must be the child's parent or guardian to open our Junior ISA, but once it’s open, anyone can pay in.
Open a Junior ISA
Start a regular savings plan from £25, or invest a lump sum from as little as £100.
Paying into a junior ISA
What is the current junior ISA allowance?
The junior ISA allowance for the tax year 2024/25 is £9,000. The allowance can be split between a cash and a stocks and shares junior ISA, allowing a child to have two accounts.
Who can contribute into a Junior ISA and how?
Anyone (including grandparents, other family members or friends) over the age of 18 can contribute to a Junior ISA. We cannot accept any contribution from the child, even if they are 16. The registered account holder will be able to apply online.
Once the contribution has been made, the money will sit as cash until the registered contact invests it. The contribution cannot be withdrawn from the Junior ISA once made.
Can I set up a direct debit or regular payment plan?
You can set up a regular savings plan for our Junior ISA online and contribute from as little as £25 a month.
Managing a junior ISA
Who can manage the investments within a junior ISA?
The registered account holder manages the investments on behalf of the child. Once the child turns 18, they will be responsible for managing the investments within the account.
Withdrawing money from a junior ISA
What happens to a junior ISA when the child reaches 18 years of age?
A junior ISA will automatically be converted into an adult ISA account when a child reaches 18 years of age. The child will be able to manage the account by registering for online access. Find out more about our ISA.
Can you withdraw money from a junior ISA early?
Withdrawal from a junior ISA can only occur after the child reaches 18 years of age. If your child becomes terminally ill, you can request to access money in the junior ISA by completing the HM Revenue & Customs (HMRC) terminal illness early access form.
If your child passes away, the junior ISA will be paid to whoever inherits their estate (usually a parent or legal guardian).
What happens to any income from Fidelity's Junior ISA?
Income from our Junior ISA can be either reinvested or kept as cash within the Fidelity cash account.
Transferring a junior ISA
Can I transfer a Child Trust Fund to a junior ISA?
It is possible to transfer a Child Trust Fund to a junior ISA.
Can I transfer a junior ISA to Fidelity?
Yes, you can transfer your junior ISA to Fidelity. The junior ISA savings will be sent to Fidelity as cash, which can be invested once received by us.
Fidelity's Junior ISA fees and charges
What are the charges and ongoing fees for Fidelity's Junior ISA?
We don’t charge a service fee on investments held in junior accounts, however you will still get access to all the great benefits Fidelity offers, including award-winning guidance, on-the-go access, and support with investing.
Investment charges set by companies managing your funds
Ongoing fund charges are set by the companies who manage the funds and start from 0.05%.
Some funds may also have:
- a bid-offer spread, which is effectively a charge applied when you buy or sell
- a performance fee
- a fund manager buy or sell charge.
We’ve negotiated discounted ongoing charges on hundreds of funds on our platform. We recommend checking each investment's factsheet for more information, as investment charges can differ between funds.
Share dealing and other charges
- There is a charge made for each buy and sell transaction you place (including switches and dividend reinvestments). This will be deducted from the amount invested or raised through a sale.
- £1.50 for deals as part of a regular savings or withdrawal plan, or for a reinvestment of income or a dividend.
- Simple charge of £7.50 for each deal placed online
- Phone trades are charged £30.00 for each deal.
- Stamp Duty, levies and taxes:
- UK Stamp Duty of 0.5% applies when you buy UK shares
- Irish Stamp Duty of 1.0% applies when you buy Irish shares
- In certain circumstances UK Panel of Takeovers and Mergers levy of £1 applies on UK share deals of over £10,000. See T&Cs for details.
- In certain circumstances Irish Takeover Panel levy of €1.25 applies on Irish share deals of over €12,500. See T&Cs for details.
- Foreign exchange charge applies for dealing in offshore funds that are not in sterling.
Download the Doing Business with Fidelity document for more fees and charges information.
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Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
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