Stocks and Shares Junior ISA

The money held in a Junior ISA is free from any income or capital gains tax. 

This means that any growth is tax-free and your child won’t have to pay any tax on the money they withdraw from their Junior ISA.

When your child turns 18, the Junior ISA matures and the money is theirs to manage as they wish. As their 18th birthday approaches, we'll contact them to explain the options available to them.

They may choose to keep investing through a Stocks and Shares ISA, transfer their savings to another ISA, such as a Lifetime ISA to help save for their first home, or withdraw their money. If they decide to withdraw funds, they'll need to provide the bank account details they'd like the money paid into.

You can transfer a Child Trust Fund or an existing Junior ISA into our Stocks and Shares Junior ISA.

Please be aware that investing involves risk. The value of investments can fall as well as rise, and your child may receive less than was originally invested.

Once you've familiarised yourself with our Junior ISA terms and conditions, simply download our Junior ISA Transfer Form, fill it in, send it back to us. We’ll do the rest.

No, money cannot be withdrawn from the Junior ISA until the child turns 18 years old. The account is designed as a long-term savings or investment product, meaning all funds are locked in until adulthood.

Paying into a Stocks and Shares Junior ISA is simple. Once the account is open, you can contribute via:

• Using our top-up form
• Monthly payments by Direct Debit or standing order
• Bank transfer (please include your ISA number as the payment reference)
• Cheque (payable to 'Unity Mutual', with your name and ISA number written on the back)

For the 2026/27 tax year, the Junior ISA limit is £9,000. Remember, as with all investments, the value can go up and down.

The money you put into a Junior ISA is invested in the Unity Mutual Equity Fund. This fund has an annual management fee of 1%.

You don’t pay this fee directly, and it’s not taken from your child's personal account. Instead, it’s included in the way the fund’s value is calculated.

No. A parent cannot withdraw money from a Junior ISA once it has been paid in. The funds belong to the child and are held securely in the account until they turn 18.

A Junior ISA (JISA) does not affect parents' eligibility for benefits, including means-tested benefits such as Universal Credit. Since the money in a JISA belongs entirely to the child and cannot be accessed until they turn 18, it is not counted as part of the parents' household savings.