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Stocks and shares Junior ISA (JISA) allowance 2024/25.

Give your child a head start in life. Make sure you're taking full advantage of the annual £9,000 JISA allowance - the long-term, tax-efficient way of investing in your child's future.

Open or Transfer a Junior ISA

With investment, your capital is at risk. Tax treatment depends on your individual circumstances and may be subject to change in the future.

Learn what we mean by risk.

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Nutmeg has been awarded Boring Money Best Buy JISA 2022

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What is the Junior ISA Allowance (2024/25)?

For the current tax year, the annual allowance for a JISA is £9,000.

Your JISA allowance resets at the start of each tax year. The tax year ends on 5th April and your allowance, or any unused portion of it, doesn’t carry over to the next tax year.

Tax treatments depend on your individual circumstances and may change in the future.

What happens if I do not use my annual allowance before the deadline?

After the deadline, any money you pay into your Junior ISA will count towards your annual allowance for the next tax year. 

Any unused allowance from 2024/25 does not carry forward to the new tax year, and instead is lost after 5th April.

Why not make a head start on your tax-efficient investments today. Open a stocks and shares Junior ISA and set up a Direct Debit to spread your JISA investments across the tax year and make the most of your annual allowance.

Why invest in a stocks and shares Junior ISA?

A stocks and shares Junior ISA can be a great way to invest in your child's future. A JISA can help you to support your loved ones through higher education, buy their first home, or simply to invest in a brighter future.

What are the benefits of opening a Nutmeg JISA?

  • Recently awarded Boring Money's 'Best Buy' JISA. 
  • Start investing in your child's future from as little as £100.
  • It's easy to get started—simply answer a few questions to determine your risk profile, and we'll match you with a globally diversified portfolio built by our expert in-house investment team.
  • Track your investments using the Nutmeg Investment App.
  • Nutmeg offers a transparent way of investing for your children's future.
Open or Transfer an Junior ISA

Capital is at risk. Tax treatment depends on your individual circumstances and may change in the future.

Junior ISA Fees

As with any investments, there are underlying costs. But rather than burying them in the small print, we want our Junior ISA fees to be clear from the get-go.

Learn more about investing costs and charges | Learn more about your investments

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Frequently Asked Questions about JISAs

Each child can have one cash Junior ISA, one stocks and shares Junior ISA or one of each. While their cash Junior ISA and stocks and shares Junior ISA can be with different providers, the total amount that can be contributed to both in the current tax year is £9,000. A child cannot hold both a Junior ISA and a Child Trust Fund (CTF), if you want to open a Junior ISA you will need to ask your JISA provider to transfer the CTF. Nutmeg offers a stocks and shares Junior ISA only.

Although the Junior ISA has to be opened by a parent or legal guardian, anyone can invest into the child's JISA up to the annual limit of £9,000 each tax year (e.g. parents, grandparents, friends and relatives).

The money in a Junior ISA belongs to the child. Withdrawal from a Junior ISA can only occur after the child reaches 18 years of age. If your child becomes terminally ill, you can request to access money in the Junior ISA by completing the HM Revenue & Customs (HMRC) terminal illness early access form.

You can transfer cash, and stocks and shares Junior ISAs (JISA) from other providers to be managed as a stocks and shares JISA at Nutmeg. Many stocks and shares JISA providers can now transfer ISAs electronically, so there are fewer forms for you to complete.

  • Cash JISA providers will require a signature from you once you have told us the details of your transfer. See if your provider supports electronic JISA transfers.
  • Any stocks and shares JISA that is transferred won't hold the same investments as before. We instruct the current JISA provider to sell the investments and transfer the JISA as cash for us to invest in the portfolio you have chosen for your child's JISA pot. This preserves your JISA's tax-efficient status and allows us to manage it in the most appropriate way for your goals, timeframe and attitude to risk.
  • After completing the steps online, we'll work with your current provider to transfer your JISA to us — safely and securely.
  • Once the cash arrives, we'll let you know by Nutmail and you'll see the money when you sign in to your Nutmeg account.
  • JISA transfers normally take 2–4 weeks.

No, your child's £9,000 Junior ISA allowance will not count towards your ISA allowance. You can therefore save or invest a maximum of £20,000 into your own ISA, and an additional £9,000 into your child's Junior ISA. Each child has their own JISA allowance.

No, the Government won't make a contribution to a Junior stocks and shares ISA.

Only parents or guardians with parental responsibility can open a Junior ISA for a child under 16 years of age. If the child is 16 or 17 years old, then they can also open a cash Junior ISA for themselves. However, grandparents - along with other family and friends - are able to contribute to a JISA, up to the £9,000 annual allowance, once it is opened.

Tax treatment depends on your individual circumstances and may be subject to change in the future.