Invest a little now to help them a lot later

Our Stocks & Shares Junior ISA is a simple way of making sure your child, grandchild, niece or nephew gets a head start when they reach age 18. By investing a little money now – a lump sum, a regular monthly contribution, or both – you’ll give them a vital financial boost when they need it most.

Our Junior ISA has a number of benefits: it’s tax-free, you can pay in as little as £10 a month, and it’s a simple way of investing over the long term in the stock market. With current interest rates at rock bottom levels, the Junior ISA aims to benefit from the greater growth potential of the stock market.

Of course, the stock market can go down as well as up, and that’s why the Junior ISA is meant to be a long term investment.

How it works

Any parent or guardian can open a Junior ISA for a child who lives in the UK and doesn’t have a Child Trust Fund. Anyone can pay in, including grandparents and friends, up to a maximum of £4,368 a year (current limit for 2019/2020 tax year).

Your money goes into our Unity Mutual Equity Fund, which is invested in over 600 UK companies to track the average performance of the stock market. This saves you from having to make any tricky investment decisions, and helps spread the risk by investing in a large number of companies.

The account has a low annual management charge of only 1%.

We can’t give you any advice on whether our Stocks & Shares Junior ISA is right for you. We can only give you factual information.

Any questions?

Call (0161) 214 4650 (9am to 5pm Mon to Thurs and 9am to 4pm Friday)

Or email

At a glance

  • A tax-free Junior Individual Savings Account (JISA) available to all children under 18, living in the UK and without a Child Trust Fund.
  • To open the account you’ll need to invest £50 or more or set up a direct debit of £10 a month.
  • Your money is invested in stocks and shares. As the value can fall as well as rise, you could get back less than has been paid in.
  • Anyone can pay money into a JISA.
  • Your child can access their money once they reach the age of 18.
  • Details
  • Performance
  • FAQs

Please read through these documents to make sure our Stocks & Shares Junior ISA is right for you and your child. 

Look at the performance of our Unity Mutual Equity Fund, which is the fund our Junior ISA invests in.
Current Price: 1.456
Q.1 What is a Junior ISA?

The Junior ISA is an Individual Savings Account which allows investments to grow tax-free and is available to all children living in the UK under the age of 18, who were not entitled to a Child Trust Fund (CTF) Account. In addition CTF investments can be transferred to a Junior ISA providing the CTF account is closed.

The Junior ISA allows for tax free investments to be made on behalf of a child, subject to qualifying conditions laid down by HMRC regulations. Upon reaching 18 years of age the value of the fund is made available to the child as the sole beneficiary.

There are two types of Junior ISA on the market: Stocks & Shares and Cash. We only offers a Stocks & Shares Junior ISA with a small amount of Life Assurance built in.

Q.2 Who can open a Junior ISA?

Our Junior ISA can only be opened by someone who has parental responsibility for the child and is aged 16 years or above. The person who sets up the Junior ISA is known as the ‘Registered Contact’. This person will be responsible for the running of the Account on the child’s behalf until the child reaches at least 16 years of age, or, the registered contact signs over responsibility to another adult with parental responsibility.

Once a child reaches 16 years of age they may opt to take over responsibility of the running of their Account themselves.

Our Junior ISA may not be opened in the name of a child who already has a Stocks & Shares Junior ISA or a Child Trust Fund unless the account is closed and the investments are transferred to our Junior ISA.

Q.3 How much can be invested?

Parents, grandparents and other family and friends are able to make contributions to the Account up to the HMRC Junior ISA contribution limit in each tax year. The current limit can be found in our Contribution Limits page. It is anticipated that this limit will increase each year in line with Inflation.

The minimum contribution is £10 per month or an initial lump sum of £50, and contributions can be stopped or changed at any time without penalty.

Contributions can be made in a number of ways;

  • regular monthly payments by Direct Debit or standing order
  • payments by cheque - made payable to ‘’Unity Mutual’ with your child’s name and Junior ISA number on the back
  • payments by direct money transfer - ensuring your child’s Junior ISA number is quoted in the transfer

The minimum additional contribution is £10, and contributions can be stopped or changed at any time without penalty.

All money paid into the Account belongs to your child, which can only be accessed when they reach age 18.

Q.4 Where is the money invested?

The money is invested in the Unity Mutual Equity Fund. The investment objective of this Fund is to track the capital performance of the UK stock market by investing in over 600 UK companies. As the Fund’s investments are spread across a wide range of companies, the risk of it being affected by a single underperforming company or sector is reduced.

The contributions you pay are used to purchase units in the Fund (refer to sections ‘1. Definitions’ and ’18. Unit Prices’ within the Terms & Conditions).

The investment performance of the Fund will determine the value of your child’s Junior ISA.

Q.5 How do I keep track of the investment?

A statement will be issued annually which will show the value of the Junior ISA plan, or you can also contact us at any time to ask for a valuation.

However, at any time you can always visit the 'My Fund Value' page within the 'Customer Centre' of our website where you can get an up-to-date value.

You can also contact us at any time to ask for a valuation.

Q.6 Recommendation

You should aim to invest for no less than five years as an investment of less than five years may not return any real growth.

You should bear in mind that over the mid to long term (5-10 years and over), inflation is likely to erode the purchasing power of your child’s investment.

Q.7 What are the risks?

Risk Indicator

The Summary Risk Indicator (SRI) assumes you keep the plan for 18 years. The actual risk can vary significantly if you cash in at the early stage and you may get back less.

Note, the plan cannot be cashed in before age 18, it can only be transferred.

We have classified this account as 4 out of 7, which is “medium” risk class. This rates potential losses from future performance at a medium level.

The risk category is not guaranteed and may shift over time.

On closing the Junior ISA you would receive the current value of units. On death, you would receive the same with a guaranteed minimum of 101% of the current value.

The risk indicator is based on historical data and may not be relied upon to gauge the future risk profile of the product.

Q.8 What might my child get back?

The illustrations below give a guide to how much your investment could be worth in the years ahead in accordance with requirements set by the Financial Conduct Authority (FCA) for illustration purposes. What you will receive depends on how much is invested, the actual rate at which the investment grows and the tax treatment of the investment.

 A. Regular monthly payments

Assuming that £25 per month is invested for 17 years, the table below shows how much your investment would be worth, after charges, if it grows each year by:







B. Lump sum investment payments

Assuming that a single payment of £3,000 is invested for 17 years, the table below shows how much your investment would be worth, after charges, if it grows each year by:







Please note that for both illustrations:

These figures are only examples and are not guaranteed. What you will get back depends on how your investment grows and the tax treatment of the investment. You could get back more or less than the figures quoted.

Do not forget that inflation will reduce what your child can buy with the proceeds of their Junior ISA in the future.

Q.9 What are the charges?

We will take a management charge equivalent to 1% per annum of the Fund. A proportion of this charge is deducted weekly from the value of the Fund; it is the only charge made by us on the Junior ISA.

For example, if the value of the Fund was £1,000 throughout the year, we would deduct £10 in charges for that year.

Other charges may apply as outlined in section 16 of the Terms & Conditions.

Q.10 What happens at age 18?

The money in your child’s Junior ISA will be available to them on their 18th birthday.

The money cannot be kept in the Junior ISA after reaching age 18, but can be re-invested into an adult ISA if they wish. Verification of the child’s identity may be performed at this time.

Q.11 Can I cash-in the account?

No one can access the money in the Account before your child reaches age 18, except in certain exceptional circumstances.

Q.12 What happens if my child dies or becomes terminally ill?

If your child should die before their 18th birthday, 101% of the value of the Junior ISA on the date of death will be paid to the child’s estate.

If your child becomes terminally ill before their 18th birthday, it may be possible to withdraw money from the Account for the benefit of the child, subject to the consent of HMRC. A person is considered to be ‘terminally ill’ when the life expectancy is estimated to be six months or less.

Q.13 Can I transfer my child's Junior ISA or CTF?

Yes, you can transfer your child’s Junior ISA or CTF investment to us and we will not make a charge.

To do this, the registered contact will need to complete a transfer form. This can be obtained by calling us on 0151 724 1930.

When we receive this we will contact the other provider once any cancellation period has expired.

Q.14 Can I transfer my child's Junior ISA to another provider?

Your child’s investment in our Junior ISA can only be transferred to another Junior ISA provider.

Q.15 What is the tax situation?

All investment growth generated by Junior ISA investments is exempt from income tax and capital gains tax for UK residents. The proceeds of the Junior ISA, which will be paid out on the child’s 18th birthday, will be tax free as long as they are resident in the UK.

Tax could be payable on any income earned or gains realised by investments still held in the child’s name after their 18th birthday, or after their death if they die before the age of 18.

Taxes and legislation may change in the future. The information given here is based on our understanding of the current situation at the date of publication. If you have any queries or concerns about your personal tax position we recommend you consult your local tax office or a financial adviser.

Q.16 What happens if Unity Mutual is unable to pay out?

We are covered by the Financial Services Compensation Scheme. If we cannot meet our obligations you may be entitled to compensation under the scheme.

This is an investment product, which means the child is entitled to 100% of the first £50,000 invested.

Further information on the scheme can be obtained from the Financial Services Compensation Scheme.

Tel: 0800 678 1100

How much could your child get?

Because the Junior ISA is invested on the stock market, it’s impossible to know the exact return you may get in the future - but we can give you a rough idea.

Adjust the sliders to see how the returns vary depending on different monthly payments, initial lump sum and investment period.

Remember, these figures are only examples and aren’t guaranteed. What your child will get back depends on how your investment grows, and your child could get back more or less than the figures shown. Don’t forget that inflation could reduce what your child could buy with the proceeds of their Junior ISA in future.

The rates of growth we’ve shown give you a guide as to how much your investments could be worth in the years ahead in accordance with the Financial Conduct Authority (FCA) requirements.

Select initial investment amount


Select how much you would like to invest each month


Select age of child

Age of child

Low growth rate (3.67%) potential return


Medium growth rate (6.67%) potential return


High growth rate (9.67%) potential return


If you need financial advice

If you’re in any doubt about whether this product is right for you, it’s a good idea to talk to an Independent Financial Advisor (IFA). You can find a local financial advisor by visiting You may need to pay for a financial advisor’s help, so make sure you ask them about their fees first.

Terms and conditions apply to our Stocks & Shares Junior ISA. For more information read the product’s Terms & Conditions, the Stocks & Shares Junior ISA Key Information Document (regular premium) and/or the Stocks & Shares Junior ISA Key Information Document (single premium), and the Services & Costs Disclosure Document.

Ready to apply?

If you’ve read through everything and you’re happy our Stocks & Shares Junior ISA is what you’re looking for, let’s get your application started.

Apply now