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Junior ISA’s<br />June 2011<br />20655 001 06.2011<br />Information correct as at 01 June 2011<br />

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2<br />What is a Junior ISA?<br />The Junior ISA is a new tax efficient savings account designed for adults to save and invest on behalf of their children.<br />Information correct as at 01 June 2011<br />

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3<br />Junior ISA features<br /><ul><li> Parents, family and friends can contribute up to £3,000 per tax year

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Money is locked away for the child who can withdraw the proceeds only when they reach the age of eighteen

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The accounts are tax efficient like an adult ISA</li></ul>Information correct as at 01 June 2011<br />

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4<br />Who Is Eligible?<br /><ul><li>Children under the age of 18, resident in the UK, and born before September 2002 who didn’t qualify for a Child Trust Fund are eligible for a Junior ISA.</li></ul>Information correct as at 01 June 2011<br />

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5<br />When is it Available?<br /><ul><li> The Junior ISA will launch on 1st November 2011.

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Will Family Investments be offering a Junior ISA?

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Yes, as experts in children’s savings and with over 1.2 million Child Trust Fund accounts, we feel we are well placed to offer a Junior ISA. Our Junior ISA will be available from the launch date of 1st November 2011.</li></ul>Information correct as at 01 June 2011<br />

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6<br />How much can you pay into a Junior ISA?<br /><ul><li> The most that you can pay into your Junior ISAs is a combined total of £3,000 per tax year. Like an adult ISA, this limit will increase with inflation each year.

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A tax year runs from 6th April to 5th April the following year.

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Family and friends can also contribute to a child’s Junior ISA, as long as the total combined amount invested each year does not exceed £3,000. </li></ul>Information correct as at 01 June 2011<br />

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7<br />Can I access the money held in a Junior ISA?<br /><ul><li>No you cannot access the money held in a Junior ISA. Like a Child Trust Fund, the account is set up for the child and only they can access the money when they reach 18 years of age.

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Can anyone open a Junior ISA account?

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No, only the parent, or someone with parental responsibility, can take out a Junior ISA on behalf of an eligible child.</li></ul>Information correct as at 01 June 2011<br />

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8<br />How does the Junior ISA differ from a Child Trust Fund?<br /><ul><li> The main difference is that there will be no Government contributions to Junior ISAs as there were with Child Trust Funds. </li></ul>Information correct as at 01 June 2011<br />

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9<br />How will the introduction of Junior ISAs affect a Child Trust Fund?<br /><ul><li> We expect the Child Trust Fund limits to increase from £1,200 to £3,000 a year in line with the Junior ISA.

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Our 1.2 million Child Trust Fund account holders will continue to receive the very best of service.</li></ul>Information correct as at 01 June 2011<br />

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10<br />Why Choose Family Investments?<br /><ul><li> The UK’s favourite Child Trust Fund provider. We look after the CTF accounts of 1.2 million children

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Winner of the Investment Life & Pensions Moneyfacts award for Best Child Trust Fund Provider 2010

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As a mutual we’re owned by our customers, so our profits are reinvested for their benefit

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35 years experience of providing financial solutions for families</li></ul>Information correct as at 01 June 2011<br />