They do not already have a Child Trust Fund (CTF) or were born after 3 January 2011 and therefore ineligible for a CTF. Note - if they do have a CTF, it can be transferred into a Junior ISA
They are a UK resident. If they aren’t they can still be eligible if you, as parent or legal guardian, are working overseas as a Crown Servant, or you are married/ in a registered civil partnership with such a person
Yes, you can transfer your child’s Junior ISA to another provider at any time. We do not apply a charge if you want to transfer a OneFamily Junior ISA to another provider.
No, your child can't have both a Child Trust Fund (CTF) and a Junior ISA. However, if your child already has a CTF, you can transfer the funds over to open a Junior ISA.
To transfer a CTF, you must be the Registered Contact on the account. Once you have made the transfer into a Junior ISA you cannot transfer back into a CTF. Before making a decision to transfer, you should check if the current CTF provider will charge a fee.
No, only the child can access the money and only once they turn 18. You can choose to stop contributing into a Junior ISA at any time but the Annual Management Charge will continue to be taken.
Yes. You can open both a cash JISA and a stocks and shares JISA under the same child’s name. You just need to keep in mind that you can still only pay in up to £9,000 in total each tax year, regardless of how many JISAs the child has in their name.
OneFamily