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Junior ISA’s<br />June 2011<br />20655 001 06.2011<br />Information correct as at 01 June 2011<br />
2<br />What is a Junior ISA?<br />The Junior ISA is a new tax efficient savings account designed for adults to save and in...
3<br />Junior ISA features<br /><ul><li>  Parents, family and friends can contribute up to £3,000 per tax year
  Money is locked away for the child who can withdraw the proceeds only when they reach the age of eighteen
  The accounts are tax efficient like an adult ISA</li></ul>Information correct as at 01 June 2011<br />
4<br />Who Is Eligible?<br /><ul><li>Children under the age of 18, resident in the UK, and born before September 2002 who ...
5<br />When is it Available?<br /><ul><li>  The Junior ISA will launch on 1st November 2011.
  Will Family Investments be offering a Junior ISA?
  Yes, as experts in children’s savings and with over 1.2 million Child Trust Fund accounts, we feel we are well placed to...
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 combine...
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What is a Junior ISA?

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From the 1st of November, parents of children under the age of 16 who missed out on the Child Trust Fund will be able to apply for our Junior Individual Savings Account. Find out more about what a Junior ISA here.

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What is a Junior ISA?

  1. 1. Junior ISA’s<br />June 2011<br />20655 001 06.2011<br />Information correct as at 01 June 2011<br />
  2. 2. 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 />
  3. 3. 3<br />Junior ISA features<br /><ul><li> Parents, family and friends can contribute up to £3,000 per tax year
  4. 4. Money is locked away for the child who can withdraw the proceeds only when they reach the age of eighteen
  5. 5. The accounts are tax efficient like an adult ISA</li></ul>Information correct as at 01 June 2011<br />
  6. 6. 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 />
  7. 7. 5<br />When is it Available?<br /><ul><li> The Junior ISA will launch on 1st November 2011.
  8. 8. Will Family Investments be offering a Junior ISA?
  9. 9. 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 />
  10. 10. 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.
  11. 11. A tax year runs from 6th April to 5th April the following year.
  12. 12. 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 />
  13. 13. 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.
  14. 14. Can anyone open a Junior ISA account?
  15. 15. 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 />
  16. 16. 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 />
  17. 17. 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.
  18. 18. 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 />
  19. 19. 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
  20. 20. Winner of the Investment Life & Pensions Moneyfacts award for Best Child Trust Fund Provider 2010
  21. 21. As a mutual we’re owned by our customers, so our profits are reinvested for their benefit
  22. 22. 35 years experience of providing financial solutions for families</li></ul>Information correct as at 01 June 2011<br />

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