Junior ISA: basics
9 Support topics
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What is a Junior ISA?
A Junior ISA (JISA) is a savings and investment account for children up to the age of 18. JISAs…
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Can I cancel a Junior ISA?
You can cancel your Moneybox Junior ISA within 30 days from the day funds have first been collected from…
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Is the Moneybox Junior ISA protected by the Financial Services Compensation Scheme (FSCS)?
Yes. The Financial Services Compensation Scheme (FSCS) has been set up to deal with compensation if firms are unable…
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Can I open a Junior ISA for my child if they already have a Child Trust Fund?
We are currently unable to accept transfers in of Child Trust Funds. If your child already has a Child…
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Does opening a Moneybox Junior ISA for my child impact my own annual ISA allowance?
No – the Moneybox Junior ISA belongs to your child, and therefore does not impact your own annual ISA…
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How can I open a Junior ISA with Moneybox?
Please note that new Junior ISAs are currently only available to existing Moneybox customers. If you’re an existing Moneybox…
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What are your fees?
Moneybox charges two fees, which are calculated daily and charged at the end of each month: Subscription fee –…
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Am I eligible to open a Moneybox Junior ISA for my child?
You can open a Moneybox Junior ISA if you are over 18 years old, live in the UK and…
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Can my child have more than one Junior ISA?
You can pay into one Junior ISA of each type (Cash or Stocks & Shares) per tax year for…
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It's important you know
Capital at risk. All investing should be for the longer term. The value of your investments can go up and down, and you may get back less than you invest. Tax treatment depends on individual circumstances and may be subject to change in the future.
A 25% government penalty applies if you withdraw money from a Lifetime ISA for any reason other than buying your first home (up to £450,000) or for retirement, and you may get back less than you paid into your Lifetime ISA.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Payments you make into your pension won’t be accessible until the minimum pension age (currently 55, increasing to age 57 from 2028). Tax treatment depends on individual circumstances and may be subject to change in the future.