A Junior ISA (JISA) is a tax-free way to save for your child’s future. Parents or legal guardians can open a JISA for any child under 18.

You can pay in up to £9,000 each tax year. This won’t affect your own annual ISA allowance.

Money paid into a JISA belongs to the child. It can’t be taken out before they turn 18. When they reach 18, the JISA will become an adult ISA, and the child will be able to access the money.

For more information, visit the official government website here.