If your investments fall in value, you could lose money. Tax allowances and the benefits of tax-efficient accounts could change.
Buy and sell a wide range of investments for your child and shelter them from tax.
No Capital Gains Tax or further Income Tax to pay on profits.
Money cannot be withdrawn before your child reaches 18.
£1.20 per month and a dealing option to suit you.
The annual Junior ISA allowance is set by the government.
You’re in control of choosing, buying and selling your child’s investments.
Shares, funds, investment trusts, bonds, gilts, ETFs and more.
We charge fixed account fees (which don’t grow as your child’s investments do), and offer a choice of dealing options to keep your dealing costs down.
Standard dealing option
I usually deal less than £750 or occasionally
Frequent dealing option
I deal more than £750 frequently or have a lump sum to invest
|Fixed account admin fee||£1.20 per month||£1.20 per month|
|Dealing option fee||-||£24 per quarter|
|Dealing commission||£7.50 per deal for trades less than £750, 1% for £750 and above||£7.50 per deal|
|Dealing commission for phone/post/email from 23 July 2018||£20 per deal for trades less than £2,000, 1% for £2,000 and above||£20 per deal|
|Stamp Duty Levy||0.5% on the purchase of UK shares (excluding AIM and other recognised growth markets). Other rates may apply to non-UK shares.|
|PTM Levy||£1 on transactions over £10,000|
|Foreign Financial Transaction Tax||Tax Payable on the purchase of specific European shares (charge varies by country)|
|Transfer to another provider||£25 per account|
|Regular investing||0.5% (min. £1)|
|Statements & contract notes by post rather than email||£1.20 per month (increasing to £2.40 per month from 23rd July 2018)|
|Bounced cheque or unpaid Direct Debit||£25|
|Deceased customer account administration||£50|
Costs and charges illustration
To give you a feel for the costs involved, our cost sheet includes an illustration of costs you will pay, based on how much you invest and what type of investments you choose.
The account admin fee (and postal statements & contract notes fee if chosen) will be collected from your account on the 26th of each month, or the next business day. If you’ve chosen our frequent dealing option, the first payment will be collected from your account when opened and quarterly thereafter. Dealing commission, regular investing fees and other fees will be taken from your account as part of each transaction.
Gross interest on any cash you hold will be credited to your account quarterly at the Bank of Scotland base rate, minus 3.5% (min. 0%). We may retain the difference between the interest paid to you and the interest we are able to earn, as permitted by The Financial Conduct Authority.
As one of the UK’s leading stockbrokers, we are authorised and regulated by the Financial Conduct Authority (FCA).
Our comprehensive range of investment tips and tools make it easy to choose and manage your investments.
We’re proud to be regularly recognised by industry awards for our outstanding customer service.