How do I withdraw money from my child’s Wombat Stocks & Shares JISA?

You cannot withdraw funds from a Junior ISA. Money paid into a Junior ISA is considered a gift to your child, which means withdrawal from a Junior ISA can only occur on the instruction of your child, after the child reaches 18 years of age. 

If your child becomes terminally ill, you can request to access money in the Junior ISA by completing the HM Revenue & Customs (HMRC) terminal illness early access form. If your child passes away, the Junior ISA will be paid to whoever inherits their estate (usually a parent or legal guardian). More information can be found here. 

Please note that if you’re within 30 days of your first contribution into a Junior ISA, you can cancel the account within the cancellation period by getting in touch with our support team by emailing support@wombatinvest.com.