Providers can set Junior ISA minimum contributions

In draft regulations published today, the government says it wants both cash and stocks and shares Junior ISAs "accessible to all income groups". A number of providers will offer cash Junior ISAs that require a minimum balance of just £1, and stocks and shares Junior ISAs that accept minimum contributions of £10 per month, it adds. The government says it therefore does not intend to set a cap on the minimum contributions that can be required. Danny Cox, head of advice at Hargreaves Lansdown, says: "One of the problems with Child Trust Funds is that, commercially, they were unattrac...