How to build solid foundations with a JISA

The junior ISA (JISA) sweeps aside many of the tax problems and legal issues associated with investing for children, provides additional advantages over the child trust fund (CTF) and offers scope for added inheritance tax (IHT) and capital gains tax (CGT) planning. All UK resident children who do not have a CTF are eligible for a JISA. It is the child's residence at the time of opening the JISA that counts and future non-UK residence does not prevent further contributions being made. By default, the JISA will roll over into an adult ISA on the child's 18th birthday meaning that one o...