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Junior ISA

A Junior ISA (JISA) is a straightforward, flexible way to invest, completely free of income tax or capital gains tax for your child's future.
Speak to us

For more information about our Junior ISA (JISA) call us on:

0800 028 8960

Alternatively arrange a callback

Calls may be recorded. Lines are open:
8:00am - 6:00pm, Monday - Friday (excluding UK bank holidays).

Speak to us

For more information about our Junior ISA (JISA) call us on:

0800 028 8960

Alternatively arrange a callback

Calls may be recorded. Lines are open:
8:00am - 6:00pm, Monday - Friday (excluding UK bank holidays).

Speak to us about our JISA

What is a Junior ISA (JISA)?

If you have parental responsibility for a child under 18, you will be able to open a Junior ISA (JISA) on your child’s behalf during your own registration application, or alternatively, you can open a JISA at a later time by downloading the application form from the account opening page, once registered.

The UK Government offers generous tax breaks to encourage you to save for yourself but also for your children. One of the most popular and accessible ways is through a Junior Individual Savings Account or JISA. A JISA allows you to save money for a child without paying Income Tax (or Capital Gains Tax) on the interest or returns they receive.

A JISA is not an investment in its own right - the best way to think of a JISA is as a ‘wrapper’ in which you can shelter savings and investments from tax. There are two types of JISA, a Cash JISA and a Stocks & Shares JISA, and a child can hold one of each at the same time. Unlike Adult ISAs, you cannot open one every year with different providers. The Close JISA is a Stocks & Shares JISA and is available now on our low cost investment platform.

Register to open a JISA

Existing client?

Download JISA account opening form

  • 08 Apr 21
  • 0.13MB
  • PDF

If you are already a My WealthPartner Online client, to open an ISA, please complete, sign and scan this document to us at pwcsupport@closebrothers.com from your registered email address. If you do not have access to a printer and/ or scanner, please contact us to discuss how we can accept your instruction.

Download

Why choose the Close JISA?

Value for money

We offer clear and competitive pricing with no hidden costs or charges.

No annual JISA fee

No charge for transfers*

A competitive platform fee that starts at 0.25% and reduces in tiers to 0% depending on the amount you and your family invest

*The transferring provider may make a charge for transferring investments or cash proceeds to Close Brothers Asset Management.

Choice

Invest in a wide choice of investments with our Close JISA:

UK equities

Exchange traded funds (ETFs)

UK stocks and shares

UK Government bonds (gilts)

Investment trusts

Convenience

Our online portal is easy to use and accessible at any time and will allow you to create a more detailed view of your wealth by adding assets or debts not held with us.

Buy, sell and switch investments easily online

You can manage your JISA in the same place as your other investments, giving you a single overview of your portfolio

Choose between saving regularly each month or investing a lump sum

Investment expertise

Take advantage of the free access to our expertise and view our in-house research, analysis and insights which are easy-to-understand, whether you are an experienced investor or just getting started.

Our investment team are constantly trading in the markets and managing the portfolios of thousands of investors across the UK.

Support

Our UK-based support team are on hand to help via phone or email. If you have questions about your account, please contact our dedicated My WealthPartner Support Team who are available 8am - 6pm, Monday to Friday, excluding public holidays.

Transfer your JISA to us

If you don’t already have a JISA for the current tax year, or you would like to transfer a previous years’ JISA, why not open a Close JISA and benefit from our low cost investment platform. Transferring is easy and our support team are here to help.

Please note, you do not need to sell your holdings in order to transfer them to us.

Register now to open a JISA

Use our search tool to see which of your existing investments can be transferred to us.

Once you’ve opened a JISA, you will need to complete an JISA transfer form to initiate a transfer from another provider. This can be found below or in your document library under ‘Important information and forms’ when you log in.

Existing client?

Download the JISA transfer form

  • 08 Apr 21
  • 0.17MB
  • PDF

If you are already a My WealthPartner Online client, to transfer an ISA to us, please complete, sign and scan this document to us at pwcsupport@closebrothers.com from your registered email address. If you do not have access to a printer and/ or scanner, please contact us to discuss how we can accept your instruction.

Download

JISA rules and tax

A JISA lets you build the right investment portfolio whilst sheltering any returns from capital gains and income tax. The government limits how much can be paid into JISAs each tax year. For the current tax year, the annual savings limit is £9,000 in total.

Only a parent or guardian can open a Close JISA. They are responsible for managing the account until the child’s 18th birthday when the JISA automatically becomes an adult ISA. The money held in the account belongs solely to the child and withdrawals can’t be made until they turn 18.

A child can have a JISA if they live in the UK and are under 18. A child cannot hold a Child Trust Fund (CTF) and JISA at the same time; therefore any existing CTF balance will need to be transferred.

Please note that any tax benefits will depend on your personal tax position and rules are subject to change. The value of investments can go up as well as down and you may get back less than you invested.

JISA charges

Amount invested with 
Close Brothers
My WealthPartner Online charge*  Close Brothers standard charge*
 £0 - £500,000 0.25% 0.25% 
 £500,001 - £1,000,000 0.175% 0.20%
 £1,000,001 - £1,500,000 0.05% 0.10%
£1,501,000 - £2,000,000 Nil Nil
 £2,000,001+  Nil Nil

*Custody and administration charge on the amount within the band

Download factsheet

Fees and charges factsheet

  • 08 Apr 21
  • 0.14MB
  • PDF

You’ll find full details of our fees and charges in this factsheet.

Download

JISA FAQ's

Frequently asked questions

What about tax?

You pay no capital gains tax, no further tax on any income within a JISA, and you don’t need to declare JISAs on your tax return. If used regularly, your annual allowance offers you the chance to create a substantial tax-efficient portfolio.

How much can I invest into a JISA?

JISA limits are controlled by the government and any changes are normally announced in the Budget. For the current tax year the allowance is £9,000.

Can I open more than one JISA in the same tax year?

You can only open one Junior Cash ISA and one Junior Stocks and Shares ISA per tax year. You can choose different providers for each type of ISA.

Who can open a JISA?

Only parents or guardians with parental responsibility can open a JISA for their child under 18. As the registered contact, you need to be aged 18 or over to be eligible to open a Close JISA.

Can I withdraw from my Close JISA?

No withdrawals can be made from the JISA until the child turns 18 years of age. Once the eligible child turns 18 they are in control of the account. The JISA automatically becomes an adult ISA and withdrawals can be made on a regular basis, or as a single lump sum – and your child can choose which underlying investments are sold to make the payment.

How can I monitor the performance of the investments in my Close JISA?

The Close Brothers portal allows you to view and manage your Close JISA at any time. On a quarterly basis we will send you a statement showing the current value of your JISA. If you need information between statements, you can review the JISA online, provided you have not opted out of the online paperless service.

Can I make regular payments to my Close JISA?

You can invest regular and/or single lump sums from a minimum of £50 per month or £1,000 for lump sums. The Close Brothers Portal allows you to choose where you want your monthly payment to be invested.

Are there any risks?

As returns are mainly dependent on stock market performance, investing in a Close JISA carries risk. There is no guarantee that the value of your investment will rise, it could fall and you may get back less than you originally invested. Also, an individual’s tax treatment depends on their own circumstances and is subject to change, which could reduce any benefits gained in the future.

Is there a limit to the amount I can deposit online?

For debit card payments, there is a single transaction limit of £99,999 as part of the system fraud prevention measures. If you experience any issues with your payment, please contact the support team on 0800 028 8960.

Please be aware, the value of investments can fall as well as rise and that past performance is not a reliable indicator of future returns and you could get back less than invested. Click here to understand the risks associated with investing.

If you are accessing our services and products or website from outside the UK, please note that these are intended for UK investors. For more information, please refer to the Legal centre.

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