We know that lots of our customers have children with doting grandparents, guide parents, aunts and uncles, and everything in-between who want to contribute to their future.

So we launched an exciting new feature that allows partners, family, and friends to contribute to your child’s JISA easily and gives you more flexibility over how you manage it. Introducing, Junior ISA Gifts! Here’s everything you need to know about Junior ISA Gifts, to invest for your child’s future.

 

What is Junior ISA Gifts?

This much-requested feature enables partners, family, and friends to contribute £100 or more quickly and easily via your unique link. Receive as many gifts as you like, up to the £9,000 Junior ISA allowance each tax year.

It’s easy to do – just head in-app to generate your unique gift link which you can share with close ones. All they need to do is confirm their name, email, and gifted amount. Plus, they’ll have the chance to leave a personal message along with their gift.

Once received, all gifts will be held in your child’s JISA as Available Cash, which you can invest when you’re ready. All payments are securely made via bank transfer. You’ll get an email to confirm when you’ve received a gift and the money has landed in your Junior ISA.

Ready to explore Junior ISA Gifts? Head in-app to Accounts > Junior ISA > Junior ISA Gifts to get started. Just make sure you’re on the latest version of the app.

 

Teaching your kids about money

 

Introducing money management to children early on can help them build better relationships with money and healthy financial habits later in life. A Junior ISA is a great way to do this, while under close supervision.

 

How to teach your children about money.

 

The Moneybox JISA allows you to invest up to £9,000 per tax year for your child’s future – and it won’t impact your personal annual allowance of £20,000! Any parent or guardian can open a JISA for a child under the age of 18 as long as you’re both UK residents.
With a Moneybox JISA, you have access to lots of handy features and capabilities to help manage your JISA, including:

    • Transfer other JISA accounts to Moneybox
    • Earn 2.1% AER* (variable) on any money held as cash in your Moneybox Junior ISA, before investing it
    • Instant bank transfers
    • Deposit, buy and sell using funds held as Available Cash
    • Access a wide range of tracker funds
    • Open JISAs for multiple children

 

Please note, only existing Moneybox customers can currently open a Moneybox JISA. If you’re not a Moneybox customer but wanted to open a Moneybox JISA, you could choose to download the app and open a different account first.

 

Learn more about how the Moneybox JISA works using the button below.

 

Explore Moneybox Junior ISA

 

 

Important to know

*% AER (annual equivalent rate) is the rate you will earn after a year, including compounding.
All investing should be regarded as long term (min. 5 years). The value of your investments can go up and down, and you may get back less than you invest.