Product overview
A Select Junior ISA is designed for parents looking to invest for their child's future.
You can invest up to £9,000 per child this tax year, with no UK Income Tax or Capital Gains Tax on any growth and the fund becomes accessible by the child at 18 years old.
At 18 they can choose to continue with the investment, by converting their Select Junior ISA to a Select ISA, or take out some, or all, of the money.
Payments into a Select Junior ISA can be invested into a choice of funds and you can change the amount you invest and the funds you invest into at any time.
You can make single payments into a Select Junior ISA or make regular payments via direct debit. You can start, stop and restart regular payments, or change the amount, at any time - subject to a minimum of £50 per month. Any payment into the Select Junior ISA is a gift to the child and, once made, cannot be returned to the payee.
Details of this product can be found in Key Features of the My Investments Select Junior Individual Savings Account. Please make sure you read and understand it before you decide to proceed with any purchase.
Benefits of a Select Junior ISA:
- At 18 years old your child can choose to access some or all of the money in the fund.
- Option for your child to convert investment to a Select ISA at 18.
- Any growth free of UK Income Tax and Capital Gains Tax.
- Track the performance of a Select Junior ISA through the 'My Investments' online platform.
- Freedom to start, stop and change regular payments.
- Choice of and the ability to switch funds.
The value of tax benefits depends on individual circumstances and may change in the future.
You should be aware that the value of your investment may go down and you may get back less than you invested.
When you contact us we'll explain the advice services we offer and the charges.
NFU Mutual Financial Advisers advise on NFU Mutual products and selected products from specialist providers.
Financial advice is provided by NFU Mutual Select Investments Limited.
Control and choice
Our Select Investment products provide you with the ability to track the performance of your funds and choose the funds your money is invested into.
Find out more about the funds that you can invest your money into via the Fund Centre and how you can track the performance of your investments through My Investments.
