What is a Junior Stocks & Shares ISA (JISA)?
A Junior Stocks & Shares ISA is an ISA for children. Our JISA works in the same way as our Stocks & Shares ISA, except your child's tax-free allowance is £9,000 per tax year and the money cannot be withdrawn until they're 18. Any gains are free of income-tax or capital gains tax, and it's completely separate to your ISA allowance. A Wombat JISA can be opened by parents or guardians of children under 16 who live in the UK.