If your investments fall in value, you could lose money. Tax allowances and the benefits of tax-efficient accounts could change. 

Junior Investment Account

Buy and sell a wide range of investments for any child, with no annual limit.

Junior Investment Account benefits

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Fixed monthly account fee

£1.80 per month and a dealing option to suit you.

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Pick your own

You’re in control of choosing, buying and selling the child’s investments.

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No annual limit

Invest as much as you like and withdraw money whenever you want (excl. Bare Trust).

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Wide investment choice

Shares, funds, investment trusts, bonds, gilts, ETFs and more.

A Junior Investment Account to suit you

Junior Investment Accounts can be set up in two ways: Designated Account or Bare Trust Agreement. This allows you to consider your personal tax and legal circumstances.

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Designated Account
Bare Trust Agreement
Beneficial ownership Investments and cash are held in your name, but earmarked for the child. Investments and cash are held in trust for the child, with you as the trustee.
Withdrawals Withdraw money anytime and choose when to give it to the child. No withdrawals before the child reaches 18 (16 in Scotland), at which point they are automatically given control of the account.
Tax considerations You are liable for any income tax or Capital Gains Tax. The account is included in your estate for inheritance tax purposes. The child's Capital Gains Tax allowance is used. Parents are liable for income tax on any income above £100 per parent. The trust is excluded from your estate for inheritance tax purposes.

Junior Investment Account Costs

We charge fixed account fees (which don’t grow as your investments do) and offer a choice of dealing options to keep your dealing costs down.

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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 £1.80 per month £1.80 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 £20 per deal for trades less than £2,000, 1% for £2,000 and above £20 per deal

Other dealing fees

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)

Cash withdrawals (excl. Bare Trust Agreements)

3-5 day transfers Free
Same day transfer £25
Overseas £50 (restrictions apply)
Cheque £5

Optional services

Regular investing 0.5% (min. £1)
Dividend reinvestment 0.5%
Statements & contract notes by post rather than email £2.40 per month

Transfers

Transfer to another provider £25 per account
Re-registration to certificate £25 per certificate

Other

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.

Download Black View costs & charges sheet

Payment of account & dealing charges

Your 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.

What interest will be paid on cash?

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.

Why invest with us?

Safe & secure

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As one of the UK’s leading stockbrokers, we are authorised and regulated by the Financial Conduct Authority (FCA).

Tips and tools

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Our comprehensive range of investment tips and tools make it easy to choose and manage your investments.

Award-winning

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We’re proud to be regularly recognised by industry awards for our outstanding customer service.