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.