Invest for your child’s future with a Moneybox JISA
Give your child a flying start and invest up to £9,000 per tax year into a Junior Stocks & Shares ISA.
Open or transfer an account in minutes and join over one million people saving and investing with Moneybox.
Capital at risk. All investing should be long term. ISA & tax rules apply. Ensure you’re comfortable with how any changes may affect your portfolio’s risk and return level.
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Invest in your child’s future
A Junior ISA (JISA) is a tax-free investment account for children under the age of 18. It is opened and managed by a parent or guardian and only the child can access the money, when they turn 18.
You can invest up to £9,000 each tax year – it won’t affect your personal annual ISA allowance of £20,000 and all your gains will be free from UK taxes.
Plus, earn 2.50% AER (variable) on any money held as cash in your Moneybox Junior ISA, before investing it.
Moneybox makes it easy
With Moneybox, you have access to plenty of tools and features that make it easy to manage your JISA – all within the app. Including:
Instant bank transfers
Open JISAs for multiple children
Transfer in other JISAs to Moneybox
Get help from our dedicated support team
Receive gifted deposits from family and friends with Junior ISA Gifts
Who can open a Moneybox JISA?
To open a Moneybox Junior ISA you need to be a UK resident aged 18 or over and be the parent or guardian of a child under 18 years old. You must also already be a Moneybox customer.
The child must be a UK resident and they can’t already have a Child Trust Fund. If your child already has a Junior Stocks & Shares ISA you can transfer it into a Moneybox Junior ISA, free of charge.
Set them up with a flying start
Moneybox investing fees
These fees cover all trading and transaction costs. You can withdraw free of charge.
Monthly subscription fee Free for the first 3 months. Free for customers with £5k or more in their Cash ISA and/or Simple Saver. | £1 |
Annual Moneybox platform fee Accrued daily, charged monthly. | 0.45% |
Annual fund provider costs There are additional fees charged directly by the fund provider. Please check the key investor information document (KIID) for a particular fund for more information. | |
Currency conversion fee The cost of converting GBP to USD and vice versa when buying or selling US stocks from the UK. | 0.45% |
Commission We don't charge a commission on US stocks. | 0% |
JISA FAQs
If you have any questions, please chat to us in the app or email us via support@moneyboxapp.com.
What is a Junior ISA?
A Junior ISA (JISA) is a savings and investment account for children up to the age of 18. JISAs are an efficient way to save or invest as, like ISAs, they are free from any income or capital gains tax.
There are two types of Junior ISA – Cash and Stocks & Shares. Moneybox offers a Stocks & Shares Junior ISA, which allows you to invest in a range of tracker funds.
The JISA is opened and managed by a parent/guardian and you can pay in up to £9,000 per tax year, which does not count towards your own ISA allowance of £20,000. With a Moneybox Junior ISA, you can also receive gifted deposits from friends and family!
Once the child turns 18, the account matures into a standard Stocks & Shares ISA which they can access and manage.
What happens to my Child’s Junior ISA when they turn 18?
When your child reaches 18, their Junior ISA will automatically convert into a standard Stocks & Shares ISA with Moneybox.
We’ll get in touch with you three months before your child’s birthday to confirm their details, and further payments into the JISA will be frozen one month before your child’s birthday, ready for us to move their full balance over to their new ISA.
On your child’s 18th birthday we’ll reach out to them to help them access their new Moneybox account. Their JISA balance will be transferred across to a Stocks & Shares ISA in their name, which they can access via their own Moneybox account.
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 customer and you’re on the latest version of the app, you can open a JISA in the Wealth tab. Just tap on Junior ISA in the list of accounts, and you’ll be good to go!
To open the account you’ll need to provide:
The child’s name
The child’s date of birth
The child’s residential address
Contributions to the child’s Junior ISA will be made from your linked bank account, which you can check in Settings > Tap your name > Bank accounts.
How do I transfer a Junior ISA to Moneybox?
Once you have opened a Junior ISA, you can request a transfer in form in Settings > Transfer in an existing ISA. Please note that we are unable to accept partial JISA transfers at this time.
All transfers are processed digitally, so you’ll need to return any completed transfer forms either via the in-app chat, or by email. Once we’ve received your completed form, most transfers are typically complete within 3 weeks.
When transferring a Junior ISA to us, please ensure that the registered contact for both the existing JISA and the Moneybox JISA are the same.
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Important to 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 Junior ISA is a tax-free investment account for children under the age of 18, which is opened and managed by a parent or guardian – but only the child can access the money, when they turn 18.