National Counties Building Society

National Counties Building Society

Phone: +44 (0)1372 747771
Fax: +44 01372 745607
Email: info@ncbs.co.uk
Name

Cash Junior ISA

Category
Description
The Cash Junior ISA gives children their own tax-free savings account, which family and friends (or anyone else) can pay into but from which no withdrawals can be made until the child reaches 18.
Conditions
-Start your child's savings with as little as £1 and add more whenever you like.
-Savings up to the annual statutory limit of £3,600 for the current tax year.
-Tax-free interest which increases as the balances rises.
-Interest added to the account annually on 1 October.
-Available to children under 18 years old who were not eligible for a Child Trust Fund.
-No withdrawals can be made and the account cannot be closed until the child (account holder) reaches 18 years old.
-Account can be opened by transfer of an existing Junior ISA.
-Transfer to another Junior ISA account allowed after 45 days' notice.
Featured
Yes

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