When is the Child ISA available?
The Child ISA was officially launched in November 2011 and is now available to all eligible Children.
Can I apply for a Child ISA now?
Yes, you can apply for a Child ISA now. To apply online please visit our online application page.
My child currently has a Child Trust Fund. Can I also open a Child ISA for them?
Any child with a child trust fund will not be eligible for a Child ISA.
Can anyone open a Child ISA?
Only the parent of the child or the person with legal parental responsibility of the child can open a Child ISA account for that child
How much can I pay into a Child ISA?
The most you can pay into a Child ISA is a combined total of £3840 per tax year.
Please note that grandparents, other family members and friends can contribute to a Child ISA but the combined total of investment must be no more than £3840 per annum.
We expect this limit to raise each year along side inflation just like with a regular ISA account.
Can I withdraw from the Child ISA Account?
The funds are locked away in the account and can only be accessed by the child when they reach 18 years of age.
Will the Child ISA effect my Child’s Trust Fund?
No it will not. Although the child trust fund has been discontinued, you can continue investing into the product and we would expect the government will raise it’s contribution limit to £3840 to match the Child ISA.
Will the government contribute towards the Child ISA?
We’re afraid not. Unlike the Child Trust Fund, the government will not be making any contributions towards the Children’s ISA.