JISA – Junior ISA Allowance
Junior ISA Account Allowance 21/22
In the new tax year, April 6th 2021 to April 5th 2022, the Junior ISA allowance will remain £ 9,000.00.
Who can open a Junior ISA Account?
JISAs can be opened by someone with parental authority on behalf of the child, usually the parent, they will be known as the “Registered Contact”. The registered contact will sign the JISA application form and make any investment decisions on behalf of the child.
The child can take over management of their Junior ISA account from the age of 16, but will not be able withdrawn the assets until they turn 18 years old.