Junior ISA

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 allowance of £20,000. You can pay up to £9,000 per tax year into each child’s Junior ISA.

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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.

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