Junior Individual Savings Account

Invest in your child’s dreams with a tax-free Stocks & Shares JISA. Teach them indispensable saving skills to last a lifetime. Capital at risk. Tax treatment depends on individual circumstances and may be subject to change.
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4.6 - 750+ reviews
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Regulated

Regulated by the Financial Conduct Authority
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Protected

Protected by the FSCS up to £85,000
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Trusted

Trusted by over 300,000 NuWealth users
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Supportive

Outstanding UK-based Customer Support
JISA

What is a Junior S&S ISA?

Adults benefit from ISAs. Why shouldn't our children?
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We're dedicated to helping the whole family get more out of their savings. Which is why we've launched our brand new Junior ISA, so your little ones can access big opportunities.
Our JISA works in the same way as our Stocks & Shares ISA, except your child's tax-free allowance is £9,000 per tax year and the money cannot be withdrawn until your child turns 18.
A NuWealth JISA can be opened by parents or guardians of children under 16 who live in the UK. Gains are free of income-tax or capital gains tax, and it's separate to your ISA allowance.
Children can have a Stocks & Shares ISA, and a Cash ISA, but combined they must not exceed £9,000. You will manage their savings and investments, and control will transfer to them once they turn 18. Simple.
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Capital at risk. Tax treatment depends on individual circumstances and may be subject to change.
Benefits

Why should you open a JISA?

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Protect their savings

Save and invest up to £9,000 per year for your child free from income or capital gains tax

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Harness compounded returns

Time is in their favour, open a JISA right from the start so they can enjoy 18 years of compound growth

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Empower your child

Instil the habit of saving to lay the foundation for lifelong financial success

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Secure their future

Whether it's a nest egg for their first home, or supporting their career goals, a JISA can give them a head start

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Grow their portfolio

Invest in global shares and ETFs with NuWealth's JISA, commission-free. Other fees apply

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Capital at risk. Tax treatment depends on individual circumstances and may be subject to change.
Secure. Trusted. Award-winning.
Why

Why NuWealth?

Build an investing portfolio

Build the perfect portfolio

Satisfy your appetite for risk with a choice of 30+ Exchange Traded Funds and 40+ global shares
Invest with out Junior isa themes

Low-cost, transparent pricing

We believe in helping you grow your wealth. Save money with low-cost, commission-free investing and no hidden fees
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Save and invest your way

Effortless, hands-off investing with financial tools like Round Ups and Auto Invest, or take full control with Instant Deposits and One-Off Buys
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Capital at risk. Other fees apply

Trusted by thousands

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Easy to use and easy to follow. Easy to use and easy to follow. Makes investing affordable and a lot less complicated.
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Compare our JISA

iOS only

Monthly Subscription

£1

£1

Free

Free

£9.99

Annual platform fee

0.10%

0.45%

0.40%

0.25%

Free

Commission Fee

Free

Free

£4.95 per trade

£9.95 for shares
& £1.50 for funds

£5.99 per trade

FX Fee i

0.75%

-

0.95%

0.75%

1.5%

Individual stocks

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ETFs

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Round Ups

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Auto Invest

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£1.50 per trade

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The fees you pay are usually based on your portfolio value, the funds you hold, the types of stocks and shares you trade and how often you trade them. We've attempted to provide you with the most comprehensive comparison possible, but you need to bear in mind suitability to your individual circumstances. Our Standard plan also has a 0.75% FX fee on foreign shares, and a 0.07-0.75% annual fund manager fee (ETFs/Funds only). Each provider may charge variable fund manager and FX fees and for most up to date information, we recommend that you check all websites regularly. NuWealth does not offer financial advice. Comparisons based on pricing and costs published by each brand on their respective websites as of 23 June 2023. This information is for illustrative purposes and you should check the relevant website for most up to date information.
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  • MoneyBox subscription is free for the first 3 months. MoneyBox's fund manager fees range from 0.12% to 0.26%. You can invest in just three tracker funds with MoneyBox's JISA.
  • Bestinvest charges 0.2% annual fee on ready-made portfolios and US shares (for investment values up to £500,000), and 0.4% for all other investments. Share dealing charge of £4.95 applies to shares only, there is no dealing charge for funds. Subscription fee factored into annual charge.
  • AJ Bell - share dealing charge of £9.95 for shares and £1.50 for funds applies to buys and sells, regular investment feature £1.50 per investment, direct debit minimum of £25, one-off deposit is £5. FX fee varies: trade value of under £10k 0.75%, £10-20k 0.5%, £20-30k+ 0.25%. Platform fee is capped at £2.50 per month on the investment value held of shares and ETFs, there is no cap on 0.25% of funds held.
  • Interactive Investor offers free JISA accounts to users who have opened an ISA or Trading Account on either their Investor Plan for £9.99, or their Super Investor plan for £19.99. Interactive Investor offers a free first trade, and then charges £5.99 per trade. Minimum one-off subscription is £100. The minimum level for regular monthly subscriptions is £25.

How do I open a JISA?

Download NuWealth

Find an account that’s perfect for the whole family, whether that’s a GIA, ISA, or JISA
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Open a Junior ISA

It’s quick and easy to open their account. Enter a few personal details and you’re good to go

Explore and invest

Link your bank account and discover endless investing opportunities with shares and ETFs
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Remember, your capital is at risk
Open a JISA
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4.6 - 700+ reviews
Transfer

Transfer to a NuWealth Junior ISA

Complete your JISA or CTF transfer in just a few easy steps and unlock greater potential for your child’s financial future
Jisa transfer
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Capital at risk

Create an account

Download NuWealth and complete registration
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Open a Junior ISA

Open a Junior ISA and tap ‘Yes’ when asked if you would like to transfer an existing JISA or CTF

Complete the form

Complete the transfer form sent to your email. Easy!
Transfer a JISA
Support

Frequently asked questions

What is the difference between a Stocks & Shares JISA and a Cash JISA?
  1. Junior Cash ISA – A Cash JISA is like a bank or building society savings account, but neither you nor your child will pay tax on any interest they earn on their savings. Unlike a regular savings account, you cannot withdraw money from a Junior Cash ISA and the child will only be able to access the money held in a Junior Cash ISA when they turn 18.
  2. Junior Stocks and Shares ISA – Contributions made on behalf of your child into a Stocks and Shares JISA can be used to invest and aren't subject to tax on any capital growth, interest or dividends received, and so can potentially offer better returns than Cash ISAs. With a NuWealth JISA, you can invest in stocks and ETFs in a tax-efficient wrapper for your child (which they can only access at 18). However, remember when investing your capital is at risk and you may get back less than you put in.

    Your child can have either type, or both types of JISA, but only a maximum of one of each and their £9,000 tax-free allowance is shared across both accounts.

    There also used to be a third type, called a Child Trust Fund (CTF). CTFs are no longer available for creation, though if you already have a CTF for your child, you can keep paying into it, or convert it into a JISA. You can easily transfer an existing JISA or CTF to NuWealth. Simply download the app available on the Play Store or the App Store and open a JISA to start the process.
What is a Junior Stocks & Shares ISA (JISA)?

A Junior Stocks & Shares ISA is an ISA for children. Our JISA works in the same way as our Stocks & Shares ISA, except your child's tax-free allowance is £9,000 per tax year and the money cannot be withdrawn until they're 18. Any gains are free of income-tax or capital gains tax, and it's completely separate to your ISA allowance. A NuWealth JISA can be opened by parents or guardians of children under 16 who live in the UK.

What are the fees for a JISA?

There is a £1 per month fixed subscription fee covering all transaction and investing costs, and grants you access to our themes and stocks, daily trades, Round Ups, Auto Invest, and Learning Hub.

There is also an annual platform fee of 0.10% of your portfolio value e.g. £9 per £9,000 per year, which is charged monthly (so in this example, a fee of £9 per year would be charged as £0.75 per month). You can view the fees you will pay per month for your Standard accounts by opening the NuWealth app > ‘Account’ > ‘Fees & Charges’. These low fees make NuWealth one of the cheapest providers out there!

A 0.75% FX fee applies to trades on foreign shares only. An ETF provider fee between 0.07% and 0.75% (depending on the fund) will be charged annually. This is charged by the ETF provider and isn’t deducted from your account but is instead reflected in the value of your fund. 

View our pricing.

What are the benefits of opening a NuWealth Junior ISA (JISA)?
  • Tax-free gains – The main benefit of a Junior ISA is undoubtedly the tax-free shelter it provides. Long-term capital growth could see the money invested into Junior ISA appreciate over the lifetime of the account which can run to 18 years, without having to sacrifice any of these profits to tax. 
  • Money when they need it most – a JISA is specifically designed to allow parents/guardians to save for a time in their child’s life when they may need a lump sum: perhaps to help towards university tuition fees; to fund driving lessons, the purchase of the car, or even help with the deposit of their first house. The funds invested grow inside the tax-free shelter and can’t be accessed until the child’s 18th birthday and remain beyond temptation until then.
  • Potentially better returns – NuWealth’s Stocks and Shares JISA allows the funds to be invested per the guardian’s wishes. This means the funds invested in the JISA can be optimised for long-term capital growth, and aren’t capped at a very low savings percentage that you might usually see attached to a Cash JISA. Please remember, when investing your capital is at risk and you may get back less than you put in.
  • Automation - Our JISA offers the same features as our Stocks and Shares ISA - the option to enable fortnightly Round Ups, that round up the spare change from any purchases. And auto investment features, so you can set-it-and-forget-it, with an automatic monthly payment and investment into the funds of your choice.
  • Themes - Our ETFs are packaged into themes, making it much easier to understand what you’re investing in. Forget the complicated stock names, and instead, invest in what you believe in. A greener future, the foods you love, the companies you believe in. All without the complicated jargon.
  • 7 day support - Our customer support team are here to help - always! We’re here 7 days a week, and even on Christmas. You can have peace of mind knowing that if you ever need help, we’re just an email away.
How do I transfer my child’s Junior ISA (JISA) or Child Trust Fund to NuWealth?

Transferring to a NuWealth JISA is completely free. However, please check if your current provider charges fees.

If you already have a NuWealth account:

Open the NuWealth app and tap the name of your existing account in the top left of the home screen. Tap ‘Create new account’ and then choose ‘Junior Individual Savings Account (JISA)’ from the account selection carousel to begin creating the account. You will need to select ‘Yes’ when asked if you would like to transfer an existing JISA or Child Trust Fund, specify which, and then tap ‘Continue.’ Complete the details for your child, and then complete the transfer form which has been emailed to the email address you entered when you registered. Return your completed form to support@nuwealthapp.com to process the transfer of your existing JISA to a NuWealth JISA, and we will email you once the transfer is complete.

If you don’t currently hold an account with NuWealth:

To transfer your current JISA or Child Trust Fund to a NuWealth Stocks & Shares JISA, please download the NuWealth app, available on the Play Store or the App Store. Once you’ve installed the app, enter your registration details, and then after you have successfully registered you will be presented with the account selection screen. Simply choose 'Junior Individual Savings Account (JISA)' from the account selection carousel to begin creating the account. You will need to select ‘Yes’ when asked if you would like to transfer an existing JISA or Child Trust Fund, specify which, and then tap ‘Continue.’ Complete the details for your child, and then complete the transfer form which has been emailed to the email address you entered when you registered, and we will email you once the transfer is complete.

How do I open a Junior ISA (JISA) with NuWealth?

Opening a JISA investment account with NuWealth is quick and easy. You’ll need to download the NuWealth app, available on the Play Store or the App Store. Once you’ve installed the app, enter your details to register for NuWealth, and then after you have successfully registered simply tap on the account you want to open to start the ID verification process.

You can open a NuWealth Junior ISA for any child who is resident within the UK and under the age of 16. You must be over 18 and hold legal parental responsibility over the child in order to open an account for them.

If you already have a Standard ISA or GIA, or an Instant GIA, and would like to open a JISA as an additional account, open the NuWealth app and tap the name of your existing account in the top left of the home screen. Then tap ‘Create new account’ and use the account selection screen to open a JISA.

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