Your eight-point guide to Junior ISAs

1. What is it? The Junior ISA (JISA) is the government’s latest initiative to help family members save for their child’s future. Family and friends can contribute a maximum of £3,600 each year into a cash or a stocks and shares account, which the child can have one of each. From April 2013, the limit will be raised in line with the consumer price index. As with the adult ISA, any capital gains and income will be granted tax freedom. 2. Who is eligible? The JISA is available to all UK residents under the age of 18 apart from those with a Child Trust Fund (CTF) - which applies to...