A Junior ISA is a tax-efficient child savings initiative designed to allow adults to save on their behalf. The money in the Plan belongs to the child, which they gain access to at age 18. You can save up to £4,260 in the 2018/19 tax year. Foresters offer a Stocks and Shares Junior ISA, suited for medium to long-term saving. It’s a simple and affordable way of building up a tax-free lump sum for your child’s future. When they turn 18, your child's Junior ISA will automatically roll over into an Adult ISA, allowing your child to save for longer.
The value of the investment can fall as well as rise, and as with all stock market investments they may get back less than was paid in. Tax treatment depends on individual circumstances and may be subject to change in the future.
Important documents to read
Open a Junior ISA