Please note that Family Investments does not provide advice. If you have any doubts about the suitability of any of our products you should seek independent financial advice.
| Product Feature |
Junior ISA |
Child Trust Fund |
Junior Bond |
| |
More information or apply online |
More information or apply online |
More information or apply online |
| Who is eligible? |
Children under the age of 16 who were not eligible for a Child Trust Fund |
Children born between 1st Sept 2002 and 2nd January 2011 who have received a CTF voucher from the Government |
For any child under 16 years old |
| Tax efficient |
Y |
Y |
Y |
| Account limits |
£3,600 this tax year |
£3,600 per year (from 1st November 2011) |
£25 per month or £270 per year |
| Who can open the account |
Person with parental responsibility for the child |
Person with parental responsibility for the child |
Any adult can open account on behalf of a child |
| Account is earmarked for the child |
Y |
Y |
Y |
| Term |
Until the child's 18th birthday |
Until the child's 18th birthday |
10 to 25 years |
| Flexible payments - i.e. cheques, Direct Debits |
Payments can be increased/decreased and stopped/started at any time |
Payments can be increased/decreased and stopped/started at any time |
Set regular payments only |
| Others can pay into the account once set up |
Y |
Y |
X |
