Junior Cash ISA

Locked Tax-Free Savings For Under 18's..

A dedicated savings account for your children.

Save from £1.00 to £9,000 per year.
Annual tax-free returns (3.9% projected dividend.)

Why Choose the Junior Cash ISA?

Ensure your child’s money grows without taxation. With a projected annual dividend rate of 3.9%*, it’s a smart investment for their future.

 

Getting Started is Easy!

1.Account Opening:

    • Only registered contacts with parental responsibility can open a Junior Cash ISA for children under 16.
    • The registered contact must reside at the same address as the child.

 

2. Identification and Documentation:

    • Provide a valid passport or birth certificate for the child.
    • Proof of identity and address for the registered contact is required.

 

3. Adding Funds:

    • Anyone can make contributions, but the total amount deposited cannot exceed £9,000 in the 2023-2024 tax year.

 

 

Who’s Eligible?

This account is available for children under 18 residing in the United Kingdom. If your child is 16 or 17, they can take control and open their own Junior Cash ISA. For those 18 and above, parental responsibility allows you to open an account in your child’s name.

 

 

Seamless Transfers and Withdrawals

Need flexibility? The Junior Cash ISA offers:

  • Transfer the entire Junior Cash ISA during a tax year.
  • Withdrawals can be made when your child turns 18 or if the child is terminally ill.

 

Ready to Open Your Junior Cash ISA?

To complete the form, log into your online banking or the Plane Saver mobile app.

Open a Junior Cash ISA
Become a Member

Full Terms and Conditions:

*For detailed information about our Junior Cash ISA, including account management, dividends, and withdrawals please refer to the complete terms and conditions here.

You can download the FSCS factsheet here.