The following Personal Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
Junior individual savings accounts (junior ISAs), introduced in November 2011, were designed to be an alternative to the child trust fund but without the Government contribution to the fund.
The main features of the junior ISA are that:
This guidance note considers junior ISAs. For adult ISAs, see the Individual savings accounts guidance note.
The usual health warning applies here: you cannot give investment advice unless you are authorised to do so by the Financial Conduct Authority. You can tell your client about tax efficient investments but you must not recommend any based on his circumstances.
See the Regulated investment advice guidance note.
A child is an eligible child for the purposes of the junior ISA, if he was:
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