Range of accounts for investing for children

We offer a Junior ISA, Junior SIPP and dealing account for children and each has their own pros and cons depending on the reasons for investing for your children and the length of time you are looking to invest:

 Junior ISAJunior SIPPDealing account for children
Who is eligibleChild not eligible for a Child Trust Fund, except where CTF transferred when setting up the Junior ISAAny childAny child
Who can manage the accountRegistered contactAs agreed with providerTrustee
How much can be invested pa£4,080£2,880 net, £3,600 grossUnlimited
Tax relief on contributions?NoYes – 20%No
When can money be withdrawnNo access until 18No access until minimum retirement ageMoney can only be used for child’s benefit. Child entitled to all when 18
Is CGT payableNoNoYes but your child will have their own CGT allowance
Is interest tax freeYesYesNo but your child will have their own personal allowance
Is dividend income tax free?YesYesNo - but your child will have their own dividend allowance
Tax payable on withdrawalNoYes – first 25% tax free and then at marginal rateNo
Charges and ratesSee our Junior ISA charges and ratesSee our SIPP charges and ratesSee our Dealing account charges and rates

Remember that tax rules can change in the future and the tax treatment depends on your or your child’s personal circumstances.

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Investing for children

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