What is a Junior ISA?
The Liontrust Junior Stocks & Shares ISA (JISA) is a tax-efficient way to invest in our funds (but not to invest in individual company shares or the funds of other asset managers).
JISAs are designed for children under the age of 18, who are resident in the UK. Parents and legal guardians can set up a Liontrust Junior ISA in a child’s name and save or invest up to the annual tax-free allowance, which is £9,000 for the tax year to April 2025. Money invested in a Liontrust JISA will be free of tax on any capital growth or dividends that are received.
Who controls a JISA?
The parent or guardian controls the JISA on behalf of the child until they reach the age of 16 – at which point holders have access to their account and can control it themselves.
However, no withdrawals are allowed from a JISA until the child reaches 18 years of age. At this point the account becomes a general ISA and can be used by the named holder for anything they wish, such as helping them through university or putting down a deposit on a home.
Opening a Liontrust JISA
Please complete the application form to open a Liontrust Junior Stocks and Shares ISA. To transfer an existing Junior Stocks and Shares ISA or Junior Cash ISA to the Liontrust Junior Stocks and Shares ISA, please complete the Liontrust Junior ISA Transfer Form. We do not offer a Junior Cash ISA. You can read the Junior ISA Terms & Conditions here.
Please note that Liontrust does not accept transfers of CTFs (Child Trust Fund) to a Junior ISA.
Please remember to read the relevant KIID before opening a Liontrust Junior Stocks and Shares ISA or transferring a Junior ISA to us from another provider.
Please note, monies deposited into this JISA cannot be withdrawn or transferred until the nominated child attains 18 years of age. Liontrust does not have a cash holding facility for any of its products so all monies deposited into this JISA will remain fully invested at all times, including any income received from any Income classes held. Such income will be automatically reinvested as soon as its becomes payable.
We recommend that if you have any doubts about the suitability of an investment, you should consult a professional adviser. This should not be construed as advice for investment in any product or security mentioned, or a solicitation to purchase securities in any company or investment product.
