Start small so they can dream big: invest for your child’s future from just £10 a month.
- Invest in a stocks and shares Junior ISA*, provided by award-winning financial services provider OneFamily
- Your child pays zero tax when they take money out, no matter how much the investments grow**
- Start investing from just £10 a month or with a £100 lump sum
Already saving for your child? We don’t charge you to transfer an existing junior ISA or child trust fund to us.
|How does a OneFamily Junior ISA make money?||We invest in stocks and shares to increase the chances of beating inflation*|
|How much can you invest in a OneFamily Junior ISA?||Up to £9,000 each tax year (tax year runs 6 April - 5 April)|
|Who is a OneFamily Junior ISA for?||Children under the age of 16 who are UK residents and don’t already have a stocks and shares junior ISA or a child trust fund (but you can transfer an existing junior ISA or child trust fund to us)|
|Who can open a OneFamily Junior ISA?||Only someone with parental responsibility for the child and who is over the age of 16|
|When can the child withdraw the money?||From their 18th birthday|
|What are the risks with a OneFamily Junior ISA?||As we invest in stocks and shares on your child’s behalf, the value of the investment is likely to go up and down over time. Therefore, there is a risk that your child could get back less money than has been paid in|
|How much do you charge for managing a OneFamily Junior ISA?||An Annual Management Charge of 1.5% of the account value|
|Will my child need to pay tax when they take money out?||No. Like all ISAs, junior ISAs are tax exempt** meaning your child won’t pay any tax when they withdraw their money|
*Stocks and shares investing has higher potential to grow than accounts that rely on interest rates but returns aren’t guaranteed. The value of stocks and shares can fall as well as rise and the child could get back less than has been paid in.
** The tax advantages of Junior ISAs depend on you and your child's individual circumstances and the tax treatment of Junior ISAs may change in the future.
How To Apply
You can open a OneFamily Junior ISA by setting up a £10 monthly direct debit or by paying in a £100 lump sum.
Before you apply, it’s important that you read the below documents so you can be sure that a OneFamily Junior ISA is the right product for you and your child. You can choose to invest your OneFamily Junior ISA in one of our two funds:
- Family Balanced International Fund – Key Information Document
- Family Charities Ethical Trust Fund – Key Investor Information Document
- The OneFamily Junior ISA Terms and Conditions
- The OneFamily Junior ISA Key Features
Happy to go ahead? Click the button below for our 10-minute online application:
How It Works
Our Junior ISA is designed to help you build a tax-efficient lump sum for your child to access at the start of their adult life.
Junior ISAs can only be opened by the parents or legal guardians of the child. You can set it up with a regular Direct Debit from as little as £10 per month or a lump sum of £100 or more. You can also transfer from an existing Junior ISA or from a child trust fund.
Once the account is opened anyone can contribute by Direct Debit, bank transfer or cheque. You can currently invest up to £9,000 each tax year, this limit may be changed by HMRC in the future.
Please bear in mind that only the child can access the money and only after they turn 18.
The money paid into the Junior ISA is invested in stocks and shares which gives it higher potential to grow than accounts that grow by building interest. However, returns are not guaranteed and as the value can go up and down, there is a risk that the child could get back less than has been paid in.
There’s an Annual Management Charge of 1.5%. For further information on charges, see the Family Balanced International Fund – Key Information Document and the Family Charities Ethical Trust Fund – Key Investor Information Document.
Frequently Asked Questions
What is a Junior ISA (JISA)?
A JISA (junior individual savings account) is a savings account for children. It has the advantage of being “tax-exempt”, which simply means that HMRC doesn’t claim any tax on the money your child withdraws when they turn 18, no matter how much it’s grown.
Junior ISAs are available as stocks and shares JISAs and cash JISAs. OneFamily’s Junior ISA is a stocks and shares JISA, which means it invests in a fund that buys shares in the stock market.Other providers offer cash JISAs. These aren’t invested, instead they grow by building interest like a current account does.
Children can have one of each, but the total amount paid into junior ISAs in a child’s name can’t be more than £9,000 in a tax year (tax year runs 5 April to 6 April).
Who can open a OneFamily Junior ISA?
A OneFamily Junior ISA can be opened for children who:
- are under 16, and
- a UK resident (or their parent is a Crown Servant or married/in a civil partnership to someone who is), and
- do not already hold a stocks and shares junior ISA or a child trust fund (but these can be transferred).
The person who opens the junior ISA must:
- be over 16, and
- have parental responsibility for the child
Who can add to the account and how much can be invested?
Anyone can pay money into the Junior ISA by Direct Debit, bank transfer or by sending a cheque. The only condition is that each payment must be at least £10.
You can invest up to £9,000 in junior ISAs in a child’s name each tax year (tax year runs 6 April to 5 April, so the limit resets at midnight on 5 April each year). This limit is set by HMRC and could change in the future.
Can I take money out before the child turns 18?
No. Only the child can access the money in the money in the junior ISA and only once they turn 18.
When the child turns 16, they can then decide if they want to become the Registered Contact of the account which will give them the power to make account decisions. However, they still won’t be able to withdraw any money until 18.
How is the OneFamily Junior ISA invested?
The money in your Junior ISA is invested in one of two funds, which have slightly different risk profiles. Both funds aim to achieve long-term growth and you’ll be able to choose which you’d like to invest in when you open the Junior ISA. You’ll be able to choose between:
- The Family Balanced International Fund, which invests in a wide range of global assets including company shares and property, as well as fixed-interest assets. This approach is designed to lower risk, but it does mean there’s less potential to grow.
- The Family Charities Ethical Trust Fund, which is the slightly riskier of the two but the fund with the greater potential to grow. This fund invests in UK-based companies that focus on operating in a more sustainable way and ensure good supply-chain labour standards.
Please bear in mind that the value of stocks and shares can fall as well as rise and the child could get back less than has been paid in.
Our Junior ISA is designed for parents looking for a long-term investment. You should only consider this account if you are comfortable with the risks involved with stock market based investments and you expect the money to remain invested for at least 10 years.
Please note that neither WHSmith nor OneFamily provide advice on this product. If you have any doubts about the suitability of this product, you should seek independent financial advice.
How can I see how the fund is performing?
Junior ISA statements are sent quarterly. You can view these statements by logging into your online account.
Can I change my mind?
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.
How do I make a complaint?
If you have a complaint, we want to know. In the first instance you should contact OneFamily’s Customer Service team on 0344 8 920 920* or write to us at:
OneFamily Junior ISA
16-17 West Street
*Our phone lines are open from 9am – 7pm Monday – Friday, and 9am – 1pm on Saturdays.
We will aim to provide you with a full response within four weeks of the date we receive your complaint and our response will be our final decision based on the evidence presented. If for any reason there is a delay in completing our investigations, we will explain why and tell you when we hope to reach a decision.
If you are dissatisfied with our response or don’t receive a final answer within eight weeks of us receiving your complaint, you may have the right to refer your complaint to an independent authority for consideration. That authority is the Financial Ombudsman Service (FOS) at:
Financial Ombudsman Service
Harbour Exchange Square
Telephone: 0800 0234 567 or 0300 1239 123
Please note that if you wish to refer this matter to the FOS you must do so within six months of our final decision. You must have completed the above procedure before the FOS will consider your case.
Information correct as at 31st July 2023.
OneFamily is a trading name of Family Assurance Friendly Society Limited (incorporated under the Friendly Societies Act 1992, Reg. No. 939F), of which Family Equity Plan Limited (Co. No. 2208249) is a subsidiary. Financial Services Register numbers 110067 and 122351 respectively. Registered in England and Wales at 16-17 West Street, Brighton, BN1 2RL, United Kingdom. Family Assurance Friendly Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Family Equity Plan Limited is authorised and regulated by the Financial Conduct Authority.
The above details can be checked on the Financial Services Register by visiting the Financial Conduct Authority.