Your Junior ISA

Your Junior ISA is about to mature. On your 18th birthday it will automatically invest into a Stocks and Shares ISA. Simply leave your savings where they are and if you wish to add further contributions or access the money, you can do this at any time.

Investment decisions made for you by the experts at Schroders

Investment decisions made for you – Schroders

 

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Foresters have been taking care of family finances for over 140 years

Taking care of family finances for over 145 years

 

Choice in how you do business with us

Choose how you do business with us

 

Your online account

You can manage your Plan, view your fund performance and more online.

From your 18th birthday if you would like to add any further contributions, open a Lifetime ISA or encash some or all of your money you will be able to do this at any time. To set up your online account you will need your Plan number, which is in the letter we have sent to you.

Create a MyPlans account

FORESTERS FINANCIAL

Looking after your savings

We look after 1.5 million children's savings Plans.

Based in the UK we look after over 3 million members and customers helping them achieve their financial goals, and we would like to continue to help you save for your future too.

Our unique history began in 1874 and we operate internationally in the UK, Canada and the US. We are a mutual financial services organisation - driven to share, not shareholder driven. We exist for the benefit of our members, customers and their communities, find out more about Foresters >

 

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We’re ready to help. Whether that’s online, face-to-face, by email, post, or over the phone, the choice is yours.

 

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Over 3m customers

In the UK we provide over 3 million members and customers with financial solutions for all stages of life.

 

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Member benefits

As a Foresters member, at 16 you will have access to member benefits, including helping your community and scholarships.

 

What is a Junior ISA?

Junior ISAs were introduced by the Government in 2011 for a tax-efficient way to save on behalf of a child, or for a child from age 16 to open their own Junior ISA. Family and friends had the opportunity to gift money into the Junior ISA.

In 2015 the government allowed Child Trust Funds to transfer to a Junior ISA. Therefore your Plan may have previously been a Child Trust Fund. Both savings Plans have the same goal and the same options available when they mature.

You can manage your Junior ISA online now!
Open your online MyPlans account >

 

What happens when you reach age 18?

Your Junior ISA will automatically roll into a Stocks and Shares ISA. If you wish to add further contributions, open a Lifetime ISA and/or access the money you can do this online with your MyPlans account.

What's next?

You don't have to do anything

When you turn 18 your Junior ISA will mature and automatically roll into a Stocks and Shares ISA.

You can then decide on any of the following at any time.

 

Your ISA options

Contribute to your ISA icon

Add contributions

Contribute to your ISA from as little as £20 for both monthly and single contributions.

 

Open a Lifetime ISA with Foresters house icon

Add a Lifetime ISA

Save for your first home or later life and gain a yearly bonus of up to £1,000.

 

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Make an encashment

As you now have access to your savings you can make an encashment.

 

What is an ISA?

An Individual Savings Account is a popular, tax-efficient way to invest. There’s no tax to pay on any income earnt from your investments.

Every tax year, starting 6th April, you can save up to the ISA allowance set by the Government, currently £20,000 overall.

 

Forester Life ISA

Our ISA is the only one on the market that gives you the option to combine both a Stocks and Shares ISA and Lifetime ISA in one Plan.

Our Lifetime ISA is invested identically to a Stocks and Shares ISA, with the added benefit of a generous 25% Government bonus added to your savings, if you hold it for at least 12 months and use the amount saved towards your first home or later on in life.

ISA Terms and Conditions

 

Our Stocks and Shares ISA element

Save from as little as £20 (£10 if you save in a Lifetime ISA too)

Up to £20,000 each tax year

Investment decisions are all made for you by the professionals at Schroders

 

Our Lifetime ISA element

Save from as little as £20 (£10 if you save in a Stocks and Shares ISA too)

Up to £4,000 each tax year

Investment decisions are all made for you by the professionals at Schroders

 

The Government adds a 25% bonus to contributions for Lifetime ISAs. You will lose the government bonus and more as a penalty is applied if the money in the Lifetime ISA is used within the first 12 months, not used towards purchasing your first home or after your 60th birthday, as the 25% government penalty is applied to any encashed amount. 

 

Our ISA fund

Our ISA invests in a fund which is professionally managed by Schroders. They use their expertise to identify investment opportunities in the UK and worldwide and make the investment decisions on your behalf.

The fund has a conservative strategy, meaning no more than 60% of the investment is in shares – reducing the effects of market fluctuations but giving the opportunity for growth. The rest of the fund invests in government bonds, fixed income and cash. The fund also follows a sustainable investment approach, considering the impacts to the environment. The fund is called the Foresters Stakeholder (Schroders) Managed Fund for our ISA.

Professionally managed

Make investing easy

Sustainable approach

 

In 2021 we will be introducing a Shariah compliant Adult ISA and two further funds. These will include a climate change fund as well as a global equity fund.

Tax treatment depends on individual circumstances and may be subject to change. As with all stock market investments the value of your ISA can fall as well as rise.

Looking to discuss your options? Request a Financial Adviser

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