Introducing our Junior ISA

Introducing our Junior ISA

Our new Junior ISA (Individual Savings Account) is a long-term and tax-efficient way to grow a pot of money for your child. It only takes a minute to apply in your GoHenry app, and you can start your investment with as little as £1. You can deposit up to £9,000 this tax year (2021-2022) through monthly contributions or one-off payments – without paying any tax on the interest or returns on your investment.


Once you’ve applied, your GoHenry Junior ISA can be managed through your parent app as part of your GoHenry membership. 


When you add money to your child’s Junior ISA, all the money is locked away until they turn 18 – so there’s no risk of them blowing it on gaming, a new phone or an expensive bike. 


Stanley GoHenry Junior ISA


Zoe Ray, mum to eight-year-old Stanley, says: “It’s so easy to invest for Stanley’s future using the GoHenry Junior ISA and I can quickly check progress via the parent app. Knowing my son is learning how to sensibly manage money with GoHenry provides peace of mind, especially looking ahead to when he’s older and has access to the Junior ISA funds.”



Capital at risk. The value of your investment can go down as well as up, and past performance is not a guarantee of future results. Tax treatment depends on your individual circumstances and may be subject to change.

Who is eligible for a Junior ISA?

You can open a GoHenry Junior ISA on behalf of your child provided:

  • They are under 16
  • They live in the UK
  • You’re the parent or legal guardian
  • You’re a tax resident in the UK

You can also transfer an existing Junior ISA or Child Trust Fund to a GoHenry Junior ISA. We’ll email a transfer form to you when you open a GoHenry Stocks and Shares Junior ISA. Once you’ve returned the form to us, the transfer should be complete in 30 days. 


Please note that if you open a GoHenry stocks and shares Junior ISA, HMRC rules require you to complete a transfer if your child already has an exisiting stocks and shares Junior ISA or a Child Trust Fund. 

What is a stocks and shares Junior ISA?

There are two types of Junior ISAs:

  • A cash Junior ISA
  • A stocks and shares Junior ISA

Both can be used to make a long-term investment for your child as the money is locked away until they turn 18. Your child can have both types at the same time, as long as the combined contributions don’t exceed £9,000 in each tax year. 


A cash Junior ISA is similar to a regular savings account, except that you don’t pay tax on any interest up to the annual limit, and the money is tucked away until your child turns 18. 


GoHenry offers a stocks and shares Junior ISA, which means that the money you add will be invested in stocks, shares, bonds and other assets. Any returns on the investment are tax free up to the annual limit, and although the value of your investment could go up as well as down, the potential for growth is higher. 


GoHenry Junior ISA investments are managed by Vanguard and are FSCS protected up to the value of £85,000. 


GoHenry stocks and shares Junior ISA

What happens to the money when your child turns 18?

Any money invested into a Junior ISA belongs to your child – it can’t be withdrawn by anyone else. 


After your child’s 18th birthday, their Junior ISA automatically changes into an adult ISA – so they can continue building up their savings without paying income or capital gains tax. They can start managing the account themselves once they turn 16, and they can access the money at the age of 18, so it’s ready to be used as a university university fund, mortgage deposit, first car, or whatever else they have planned. 


GoHenry Chief Product Officer, Richard Jones, says: “We’re all about setting children up for financial success at every life stage. With the introduction of our Junior ISA, we’re making it as easy and simple as possible for parents to start investing in their child’s future. By enabling parents to open, contribute to, and monitor the progress of their Junior ISA via our GoHenry app, we’re providing one easy-to-view resource for them to track their children’s day-to-day finances alongside their long-term investments.”


GoHenry Junior ISA win £9,000


To celebrate the launch of GoHenry’s Junior ISA, GoHenry is offering the chance for one parent to win a contribution of up to £9,000 towards their child’s 2022/23 annual Junior ISA allowance. Click here to enter. 

Terms and conditions apply




Capital at risk. The value of your investment can go down as well as up, and past performance is not a guarantee of future results. Tax treatment depends on your individual circumstances and may be subject to change. 


The information provided is not intended to be investment, tax or legal advice – nor does it claim to be comprehensive. Speak to a professional if you’re unsure about whether investing is right for you. We do not endorse any third parties referenced. 


Junior ISA rules and terms and conditions apply. Investment services are provided by GoHenry Family Finance Limited, an Appointed Representative of Resolution Compliance Limited which is authorised and regulated by the Financial Conduct Authority (FRN: 574048). 

Written by Ceri Roberts Published Mar 2, 2022 ● 3 min read