Junior ISA Account

Transfer your existing Junior ISA account

Open a Junior ISA account

To speak to one of our team call us on 0161 762 5790

Click here for a Junior ISA Postal Pack

Transfer your existing Junior ISA

Open an Junior ISA

To speak to one of our team call us on 0161 762 5790

Click here for a Junior ISA Postal Pack

Savings account for grandchildren

With our Junior ISA (Individual Savings Account) you’re giving a child the opportunity to save for a tax free payment when they turn 18. By starting to save and invest for their future today, you’re helping to give them a great financial start in their adult life - whether it’s to pay towards university fees, living expenses or even help towards buying their first house.

Junior ISA account

Our With-profits Junior ISA is a stocks and shares Junior ISA - we invest it in the Healthy Investment Ethical With-profits Fund. It’s a carefully managed fund that includes stocks and shares, company and government bonds, commercial property and bank deposits. The money you put away now will grow through the regular bonuses that we add to the investment every year. (Remember though that bonus rates aren’t guaranteed and can change every year).

Investing for grandchildren

Wouldn’t it be great to offer a child a guaranteed, tax-free payout when they turn 18? Well, with our Junior ISA that’s what they get - for all investments held over 5 years, we guarantee they will receive all of the money that has been invested, plus all the bonuses that have been added. They may also receive a final bonus. For investments held for less than 5 years at age 18, we make this same promise on the 5th anniversary of every investment.

Only a parent or guardian of a child under 16 can open a Junior ISA, but once it’s open anyone can make more investments. Once they’re over 16 they can even open their own Junior ISA.

Our Junior ISA is truly flexible - there’s no minimum term and you can change or pause payments whenever you need to. You can even start it with just a £10 investment - after that you can invest up to £9,000 in a Junior ISA every year.

The Junior ISA is an easy way to save and invest to grow a cash sum that will be really appreciated when the child turns 18. You can make regular payments, or even one off payments - for example when they get birthday or Christmas money.

We manage both Child Trust Funds and Junior ISAs, so if you’d like to discuss transferring a CTF to a Junior ISA or a Junior ISA transfer, just let us know. We can’t offer advice, but we’d be happy to talk through the differences with you.

Friendly, professional & efficient service.

Swift responses to any queries from well informed staff. Always very pleasant and helpful on the telephone.

I couldn’t have asked for a better service. Replies were quick and all my queries were answered.

Important Points

Is it for me?

Available to any UK resident under the age of 18, who does not have a Child Trust Fund.

Junior ISAs can only be opened by parents or legal guardians of children under 16, but once open anyone can invest in them for the benefit of the child.

If the child is between 16 and 18 they can open one themselves.

You might consider this Junior ISA if you already save for them in a bank or building society savings account and you are now looking to put some money into an investment that has some risk but the potential for higher returns.

Invest up to £9,000 (2023/24 tax year) by adding a monthly amount or a single investment (both a minimum of £10).

If your child has a Junior ISA with another provider you can transfer this into a Healthy Investment stocks and shares Junior ISA without affecting their current Junior ISA tax years allowance.

You can transfer an existing Child Trust Fund to a Junior ISA.

You should see this Junior ISA as a medium to long term investment.

Things to think about

Although the Junior ISA grows through bonuses, bonus rates are not guaranteed and in exceptional circumstances could be nil.

When the child is over 18 and if they withdraw from the investment, or you transfer the Junior ISA within the first 3 years, an early surrender penalty will apply. The early surrender penalties reduce each year the ISA has been invested, as follows:

Year 1 - 3%
Year 2 - 2%
Year 3 - 1%
Year 4 plus – nil

If you cash in or make a withdrawal, a Market Value Reduction (MVR) may also be applied, which, if not made on one of the guaranteed MVR free dates, could reduce the amount the child receives and they might receive back less than you invested. A MVR may be applied if there's a significant fall in the value of the stocks and shares, or other investments we have invested in.

If you invest in a Healthy Investment stocks and shares Junior ISA for them you will not be able to invest for them in other stocks and shares Junior ISAs.

Inflation will reduce what the investment will buy in the future.

Tax rules can change at any time.

If you have any doubt whether this Junior ISA is right for them, you should seek financial advice.

Our Ethical With-profits Fund

If you decide to invest in a Healthy Investment stocks and shares Junior ISA, you will be investing into our Ethical With-profits Fund, which includes a mix of stocks and shares, fixed interest bonds, commercial property and cash deposits. The mix of assets held changes over time.

We avoid investing in companies in certain industries and those whose activities are not in accord with our members’ personal values. Examples are the tobacco, armaments, alcohol and fur manufacturing industries, gambling and pornography providers and companies that manufacture products or ingredients that have been tested on animals.

We seek to invest in companies that are explicitly involved in activities that benefit society and the environment. Examples are companies that are tackling climate change, promoting a low carbon economy, promoting diversity and equal opportunities, and improving energy efficiency.

Our vision is to invest for a better future, deliver good financial returns and make a difference to society and the environment.

The Society aims to provide a consistent return by smoothing the investment return to avoid volatile fluctuations in the value of your investment. Smoothing may not protect you against long term or sustained falls in the value of investments.

For further information on our Ethical With-profits Fund please click here.

Bonuses and benefits

Reversionary bonus
A reversionary bonus is an annual bonus which, once added to your Junior ISA, can never be taken away.

These are the reversionary bonus rates we've applied to our stocks and shares Junior ISA:

2022 – 1.75%
2021 – 1.75%
2020 – 2.25%
2019 – 2.25%
2018 – 2.00%
2017 – 2.75%
2016 – 2.50%

The level of bonus depends on investment performance, our expenses and our solvency margin over the previous year as well as the Board's expectations of future performance. The level of bonus also reflects the capital and bonus guarantees. The rate of bonus can change every year and could in exceptional circumstances be nil.

All reversionary and interim bonus rates are net of charges. The bonus rate declared is the bonus rate you receive.

Interim bonuses
Unlike declared reversionary bonus rates, which can never be changed, interim bonus rates are not fixed and can be increased or reduced by the Board at any point during the year. The current interim bonus rates are based on a prudent view of future investment performance, solvency and expenses over the year. They are used for partial and full withdrawals made since the last reversionary bonus declaration.

Terminal bonuses
A terminal bonus is an additional final bonus which may also be added on partial and full withdrawals or in the event of the death of the investor. The rate of final bonus can be changed at any time or can be withdrawn altogether.

Capital and bonus guarantees

The Healthy Investment stocks and shares Junior ISA comes with important capital and bonus guarantees to ensure the child receives back your initial investment plus all the bonuses that have been added to their Junior ISA, providing they cash in on one of the key anniversary dates.

The first key MVR free anniversary date is on the child’s 18th birthday, for all investments made before their 13th birthday and every 5th birthday after that. If the individual investment has been made for less than 5 years when the child reaches 18 the first MVR free guarantee will apply on the 5th anniversary of the investment and every 5th anniversary thereafter.

MVRs are never applied on death.

What could I get back?

The level of bonus depends on investment performance, our expenses and our solvency margin over the previous year as well as the Board’s expectations of future performance.

The Key Information Document includes examples of what you might receive back based on different investment scenarios. It also helps you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products.

Download our latest Key Information Document for our Junior ISA here.

Single Regular