A Junior ISA (Individual Savings Account) is a long-term and tax-efficient way to try to grow a pot of money for your child. Open the account with as little as £1, and the money will be held until your child’s 18th birthday. Plus, when investing in Junior Stocks and Shares ISA (JISA) for your child, the taxman won’t touch the returns from the investment – it’s free from income tax and capital gains tax, up to £9,000 per tax year (for the tax year).

Your child can only have one cash and one Stocks & Shares Junior ISA. If you already have a Stocks & Shares Junior ISA you will need to transfer it to GoHenry before you contribute to your GoHenry Stocks & Shares Junior ISA.

If your child has a Child trust fund, this will need to be transferred to GoHenry before you contribute to your GoHenry Stocks & Shares Junior ISA.

Learn more in the GoHenry app! Click here to read our article on the basics of a Junior ISA, or open your GoHenry app and tap 'Money', then 'Junior ISA'.

To set up a GoHenry Junior Stocks and Shares ISA, please log in to your app and select 'money', 'Junior ISA' to find out more and start your application. You’ll need to be the legal guardian of the child and a tax resident in the UK. Unfortunately, we cannot offer our Junior ISA to citizens of the United States.

Your money is invested with Vanguard (the fund Manager) in their Lifestrategy 60% equity fund, which is composed of stocks and bonds. Read more in the GoHenry app here.

There are two kinds of Junior ISAs: a Junior Cash ISA and a Junior Stocks and Shares ISA. Both come with tax benefits. Junior Cash ISAs earn interest while Junior Stocks and Shares ISAs offer capital growth and dividends.

Our Junior ISA is a Junior Stocks and Shares ISA, which means there is no associated interest rate.

While riskier than cash investments, stocks and shares investments are seen as a long-term venture. Patience is needed to ride through short-term market fluctuations and wait for potential profitable returns. But with more years in hand, investing may be better than a regular savings account. This is because, in the long run, the stock market tends to perform better, although past performance is not an indication of future results.

If you’d like to learn more about saving vs investing you can click here to find out more.

The value of your investment can go down as well as up.

Investments in our Junior Stocks and Shares ISA can rise and fall with the market. You can read this article to understand more about how investments can perform over the long term.

HMRC rules for cancelling a Junior ISA are strict. If you have any questions about cancelling or stopping contributions, please contact our dedicated team at [email protected].

Please check out our article on transfers, including how to find an existing Child Trust fund.

We prefer to receive Junior ISA transfer forms electronically. Please email them to [email protected]. If required, paper forms can be sent to GoHenry Member Services, Spectrum Point, 279 Farnborough Road, Farnborough, GU14 7LS. Posted forms will result in longer response times. 

If you have any further questions, our dedicated team can assist. Please contact [email protected].

Seccl Custody Limited act as the Junior ISA manager. To learn more please see our GoHenry Investment Services terms and conditions here or contact our dedicated team [email protected] for any questions.