Foresters Shariah Junior ISA
Investing gives you the chance to grow their savings, but there’s a risk that the value of their investment could go down as well as up.
What is a Stocks and Shares Shariah Junior ISA?
A Stocks and Shares Shariah Junior ISA is a tax-efficient way to save for your child's future by investing in the stock market, while still keeping investments Shariah compliant. You can save up to £9,000 each tax year, free from UK tax.
Our Junior ISA allows you to start saving from as little as £10 a month and/or £20 for single contributions. Yourself, family and friends can contribute to your child's future, making it ideal for birthday and other celebratory gifts that can help towards their future.
Shariah compliant investing with a supervisory board
Expert managers to make investment decisions
Flexible monthly or single contribution
Junior ISA will automatically roll into an Adult ISA at 18, with member benefits
Want to see how much the Junior ISA could grow at age 18? Check out our Junior ISA calculator.
Our Shariah compliant investment
A Shariah compliant fund
Foresters (Schroders) Managed Islamic Global Fund
- Appointed Shariah adviser and supervisory board (Amanie Advisors Ltd)
- Only invests in companies included in the Dow Jones Islamic Market World (Net Total Return) Index
- Invest over the medium to long-term.
- Professionally managed fund by Schroders.
Risk rating: Medium
Product informationThe fund will not invest in companies where more than 5% of their total income is made from prohibited activities or industries, such as:
Alcohol and tobacco
Entertainment inc. Hotels/gambling
Pork-related products
Non-Islamic financial services
Weapons and defence
Also, any company whose financial arrangements are considered unsuitable for Shariah compliance such as unacceptable amounts of debt, cash or interest bearing securities. As the fund is managed in line with Shariah Investment Guidelines, it may perform less well than other funds that do not strictly adhere to these criteria.
The money in this Junior ISA is invested in stocks and shares. This gives good potential for the money to grow over the long-term, but there is a risk that value could go down as well as up. There is the chance your child could get back less than has been contributed. The money can only be access by the child once they turn 18'. Gifts cannot be reclaimed and combined amounts cannot exceed the contribution limit of £9,000. Tax treatment depends on individual circumstances.
1.5% - 1%
Annual Management Charge
1.5% reducing to 1% after 10 years
0%
Transfer or contributions fees
Including entry and exit fees
£10
Minimum contributions
Or £20 for single payments
Why invest with Foresters?
Highly rated
Our customers and members rate us 4.7 out of 5 for our service
Trusted
2.5 million customers trust us with over 5.2bn funds to look after
Established
Managing family finances and making a positive impact for over 150 years
We are unique
Foresters is one of a few UK providers that offer a Shariah ISA
Transfer to Foresters
Transfer a Junior ISA or Child Trust Fund
Transfer any child savings you have to us to keep all of your savings under one roof.
Transfer to our Shariah ISA
We only accept Stocks and Shares and Cash ISAs from other providers.
Shariah Junior ISA FAQs
A parent or legal guardian of a child can open a Junior ISA. A child aged 16 or over can also open their own Junior ISA (as long as they do not have a Child Trust Fund). The person who opens the Junior ISA is a called the Registered Contact, and there can only be one Registered Contact.
A child must be below age 18 to have a Junior ISA.
A child must be below age 18 to have a Junior ISA.
Start saving from as little as £10 a month up to £9,000 this tax year. Family and friends can contribute too.
Make a gift to a child’s Plan
Make a gift to a child’s Plan
We have no hidden charges. Our Junior ISA only has a 1.5% annual management charge reducing to 1% after 10 years, with no other charges.
You can transfer an existing Junior ISA or Child Trust Fund into a Junior ISA with Foresters online or with a Financial Adviser. We don’t charge entry, exit or transfer fees.
No one can access the money in a Junior ISA, besides the child once they reach their 18th birthday. The money is locked away until then and cannot be accessed by parents. Gifts cannot be reclaimed and all contributions combined cannot exceed the annual contribution limit.
Only in certain circumstances may a withdrawal be made, such as child's death or terminal illness.
No, if your child’s currently has a Child Trust Fund and would like to have a Junior ISA instead, you will need to transfer the CTF to a Junior ISA.
Investing in stocks and shares provides better potential for growth than cash in the long-term. In every 10-year time period, over the last 113 years, the probability of stocks and shares outperforming cash was 91% (Barclays Equity Gilt Study 2022).
A Junior ISA can only be opened by someone with legal parental responsibility. However grandparents can contribute to Junior ISAs for grandchildren.
Our Junior ISA is protected by the Financial Services Compensation Scheme (FSCS) which means that in the unlikely event that we cannot meet our obligations you will be able to make a claim for the full value of the Junior ISA from the FSCS.
To make a transfer to another Junior ISA provider, you will need to contact your new provider first so they can start the transfer process. Before submitting the transfer request to your new provider, please ensure your personal details with us are up to date, as the information you provide will need to match with your new provider. You can check the account details and update if necessary online with MyPlans or by contacting Customer Services.
We do not charge for any transfers.
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Learn the Junior ISA basics
Ready to start saving for your child's future but not sure where to begin? Take control of your family's finances with our helpful Junior ISA article.