How Junior ISA works
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Statements are issued quarterly. You can also receive a current valuation by phone or you can register to view statements online.
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There is an Annual Management Charge of 1.5%. Charges will have the effect of reducing any growth in the fund value.
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- The proceeds from the account are free of income tax and capital gains tax
- The fund is subject to corporation tax
- Tax advantages depend on you and your child's individual circumstances and the tax treatment of Junior ISAs may change in the future
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There are two types of Junior ISA available in the market – a stocks & shares Junior ISA and a cash Junior ISA. Your child can only hold one of each type. Post Office only offers a stocks & shares Junior ISA which is provided by OneFamily.
You can also open a Post Office Junior ISA by transferring at least £100 from an existing Junior ISA or Child Trust Fund held with another provider. Before making a decision to transfer your child's Junior ISA or Child Trust Fund you should check if your current provider will charge a fee.
Once the account is open, anyone can make payments into the account of at least £10.
The maximum amount that can be paid into the account is £9,000 in the 2024/25 tax year. If your child holds both a stocks and shares Junior ISA and a cash Junior ISA this limit is shared across both accounts.
The rules for Junior ISAs along with the amount that can be paid into the account are set by HMRC and are subject to change.
A tax year runs from 6th April to 5th April the following year.
Payments can be made by Direct Debit, bank transfer and cheque.
Changes and transfers
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Yes, your child's Post Office Junior ISA can be transferred in full to another provider at any time.
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Only the child can access the money in the account and only once they reach the age of 18.
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Yes, you have 30 days to cancel the account if you change your mind. This 30-day period begins from the date you receive your Welcome Pack.
You can cancel the account by phone or in writing. If you instruct us to cancel, any shares held will be sold. If the value of the account has fallen, the proceeds will be less than the amount that has been paid in.
For details of your options following the cancellation of a transfer, please contact Customer Services. Cancellation rights are not offered on transfers between two Junior ISAs that are both provided by OneFamily.