What is a Junior Individual Savings Account (Junior ISA)?
A Junior ISA (JISA) is a long-term, tax-free savings account that lets you save and invest on behalf of a child under the age of 18.
Capital at risk. All Cushon ISA products are Stocks and Shares ISAs. The value of investments can fall as well as rise, and you may get less than the full amount you invest. Parents or guardians can open and manage the account for a child but, except in the case of terminal illness or death of the child, only the child can withdraw money when they turn 18.
How does it work?
A child's parent or guardians with parental responsibility must open the Junior ISA account on their behalf but anyone can pay money into the Junior ISA account once it has been opened. Once a child reaches 16, you can transfer ownership of the Junior ISA to them, but they'll be unable to access the account until they’re 18.
The savings limit for a Junior ISA is £9,000 for the 2024/25 tax year.
Once a JISA has been open, anyone can pay money into the JISA on behalf of the child. That means family and friends will never be lost for a birthday or Christmas present idea!
Behind the scenes, we'll set up your account as a Stocks and Shares JISA even if you choose to only hold cash within it. You can choose to invest some or all of your money, rather than having to switch accounts, making it easier for you to control your savings.
When you invest with a NatWest Cushon ISA, you can access multiple investments. We don’t control these funds, but we are distributors of them and some of them are climate focused. They’re sustainable investments that aim to help you grow your savings and have a positive impact on the environment.
Since 2025 in the UK, any funds that claim to be sustainable must meet new, strict regulatory requirements. It’s a move by the Financial Conduct Authority (FCA) to help weed out the investments that aren’t as squeaky clean as they claim to be. As a distributor of these funds, we have a duty to tell you whether they’re approved sustainable investment funds and pass on the relevant sustainability documents.
To learn more about this, read our quick walkthrough of sustainable investing and the FCA’s official sustainability labels.
Money in a Junior ISA belongs to the child and can’t be withdrawn from the account until they’re 18 at which point it automatically converts into an ISA. Your child can have 1 cash Junior ISA and 1 Investment (or stocks and shares) Junior ISA, as long as money saved into the two accounts within the tax year doesn’t exceed the £9,000 allowance. You can transfer a Child Trust Fund into a Junior ISA.
The value of investments can fall as well as rise, and you may get less than the full amount you invest. Parents or guardians can open and manage the account for a child but, except in the case of terminal illness or death of the child, only the child can withdraw money when they turn 18.
Although we aim to make everything about saving and investing easy, there might be times when you need a bit more information or have a question about your account. Whatever you need, we’re here to support you.
Frequently asked questions
If you’ve got a general question, you might be able to find it easier and quicker by having a look at our frequently asked questions. We are constantly adding to this resource so it’s a great place to start.
In app
If you’ve downloaded our app, you can easily access our frequently asked questions or get hold of the team by sending an in-app message with or without attachments.
Email
If you prefer, you can email us at help@cushon.co.uk. and one of the team will get back to you.
Telephone
If you prefer to speak to someone, give us a call on 020 3926 0333 and one of the team will be ready to help you. Our operating hours are 9am to 5pm.
All Cushon ISAs are investment-based. Capital at risk.