BMO Junior ISA

What is a Stocks and Shares Junior ISA?

A Stocks and Shares Junior ISA allows you to invest for the child in your life with a current annual limit of £9,000 for the 2021/22 tax year. This tax-efficient investment plan lets you tap into the potential of the stock market and the skills of our fund managers to potentially help your child with those future problems, such as university fees, a house deposit or that dream trip around the world.

A Junior ISA is an account that acts as a wrapper to hold a range of different investments. The right Junior ISA for you depends on your goals and your attitude towards risk.

Why choose a BMO Junior ISA?

Find out more about choosing a Stocks and Shares Junior ISA from BMO by visiting the pages linked below.

Benefit from our expertise

Our experienced fund managers make informed investment decisions for you. We invest in a range of equities, bonds, property and private equity and have been helping customers since 1817.

Investment trust options

Whether you’re looking for growth or income, join over 100,000 UK Investors and create an investment portfolio that meets your families needs, with our 10 Investment Trusts.

Award-winning Junior ISA

Online Personal Wealth Awards 2020 – Best Junior ISA Provider

Responsible Investment

For over 35 years, we have led the way in responsible investment. We’ve engaged with over 5,500 companies to ensure that generating returns for our investors does not come at the expense of the real world in which we all live.

Let's talk about risk

Like all investments, our Stocks and Shares Junior ISA comes with a level of risk. Because the money in the account is invested in stocks and shares, the value of your investments can both rise and fall. That means your child might get back less than you originally put in. A Junior ISA account is available to any child under the age of 18 who lives in the UK, unless they have a Child Trust Fund – in which case, they won’t be eligible.

Remember, a Junior ISA belongs to the child. Only they can withdraw the funds when they turn 18, so consider this savings product a long-term investment. Be aware that tax rules may change in the future, and tax treatment depends on your child’s individual circumstances. ­

How much can I invest with a Stocks and Shares Junior ISA?

  • Invest up to a maximum of £9,000 in the 2021/22 tax year. 
  • Invest from as little as £30 a month or contribute a £500 lump sum up-front.
  • Make contributions by direct debit – you can do this through your online bank or by completing the direct debit details on the Stocks & Shares Junior ISA application form. Friends and family can gift money to your child’s account too – whether they are grandparents, godparents, or friends.

Invest in a BMO Junior ISA through our 10 investment trusts

A BMO Stocks and Shares Junior ISA allows you to choose from a diverse range of investment trusts. These trusts offer you different ways to invest, such as in equities, bonds, property, and private equity. Choosing a mixture of these trusts enables you to spread your investments and potentially minimise risk.

Each trust operates differently. You can pick options that focus on capital growth, income, or both. Some invest in the UK, while others take a global approach.

Please see the Key Information Documents (KIDs) for further details on the risks for each trust. View the latest performance of our Investment Trusts.

What will it cost me?

  • Annual charge – £25 + VAT
  • Dealing charges per holding for postal instructions – £12. These charges do not apply to the reinvestment of dividends and/or monthly instalments. 
  • Government stamp duty of 0.5% also applies on purchases of UK shares only.

Make sure you read the pre-sales costs disclosure before you invest. You will need to sign a declaration on our forms that confirm you have read it.

How can I open a BMO Stocks & Shares Junior ISA

Setting up a new BMO Stocks & Shares Junior ISA, or topping up your child’s existing account is simple. Open an account using either our investors portal or by downloading an application form and sending it into us, choose the investment trust(s) that best suits your investment needs and finally, decide how much to invest. 

Before investing, please make sure you read the Key Features and Terms & Conditions, the relevant Key Information Document and Pre-Sale Disclosure documents.

How can I transfer my Junior ISA to BMO?

Switching your Junior ISA to us is easy, all you need to do is complete a transfer form and we will take care of the rest. The process can take between four and six weeks.

If you’re looking to transfer money you’ve invested in a Junior ISA during the current year, you must transfer all of it. For investments you’ve made in previous years, you can transfer some or all of your savings.

It’s important that you do this because, if you make a withdrawal from the Junior ISA without following this procedure, you will not be allowed to reinvest that amount of your tax-efficient allowance again.

Our Stocks & Shares Junior ISA

What is a stocks and shares Junior ISA?
The JISA is a popular tax-efficient investment account for the child in your life. Allowing you the opportunity to invest in the stock market and to tailor your Junior ISA to your needs through our range of investment trusts.

What is a Stocks and Shares Junior ISA? A Stocks and Shares Junior ISA is a popular tax-efficient investment account for the child in your life.

It provides both the opportunity to invest in the stock market and to tailor your Junior ISA to your needs through access to our range of investment trusts and the skills of our fund managers, making it ideal to give the child as much of a head start as possible to help pay for things like university fees, a car or a deposit on their first home.

Plus, the whole family can chip into the pot to help it grow until the child can access the investment at 18.

The Junior ISA “the tax-efficient, anyone can chip in, keep the kids’ hands off it until they’re old enough” investment plan.

Frequently asked questions

Invest from as little as £1 per day – you can build a nest egg for your child by saving from as little as £30 per month, that’s less than £1 a day. Or invest a lump sum of £250 (after an initial first investment of £500). So you can top up your child’s account in the way that best suits you.

Access all 10 of our investment trusts – our investment trusts invest in a range of asset types in the UK and globally. These include equities, bonds, property and private equity. These investment trusts all benefit from the skills and expertise of our team of fund managers.

The whole family can take part – grandparents, godparents, friends and relatives can all add money to your little one’s savings pot. Great for birthday or Christmas gifts.

Tax-efficient investments – You won’t pay tax on income or capital gains in the BMO Junior ISA and neither will your child. So your child can make more of the money you’ve saved. The annual subscription limit for 2021/22 is £9,000.

Invest in the long-term potential of the stock market – take advantage of the benefits that investing in the stock market can offer with the potential for long-term capital growth. Capital isn’t guaranteed as it is in a cash account but historically equities have significantly outperformed cash over the long term.

Investing in the Junior ISA is quick and straightforward. You can apply online in minutes or simply complete a BMO Junior ISA application form.

Choose your investment trusts
Decide which of our investment trusts you’d like to invest into.

Decide on how much you want to invest
You can invest monthly, in lump sums or a combination of both.

Make sure you’re happy to go ahead
Read the Key Features and Terms & Conditions for our products. Make sure that you understand them including any charges that apply to the products and are happy to go ahead.

The Junior ISA allowance for the 2021/22 tax-year is £9,000 per UK child. 

If a child already has a Child Trust Fund, they can’t have a Junior ISA too. But they can transfer a Child Trust Fund into a Junior ISA. To transfer an existing BMO CTF to a BMO Junior ISA, please complete the Transferring from a BMO Child Trust Fund to the BMO Junior ISA form.

To transfer a CTF with another provider to a BMO Junior ISA, please complete the Child Trust Fund or Junior ISA transfer to the BMO Junior ISA form.

You can also transfer a CTF from another provider into a BMO CTF.

What is a Junior ISA?

Junior ISAs were introduced in 2011 after the Child Trust Fund (CTF) Scheme closed. Up to £9,000 per year can be invested into a Junior ISA without tax being paid on any interest or gains.

Who is eligible for a Junior ISA?

All children under the age of 18 that did not qualify for a CTF can open a new Junior ISA and savers with an existing CTF can now transfer this to a Junior ISA.

Do I need to transfer my CTF to a Junior ISA?

No, you do not have to, but you are free to transfer your CTF investments to a Junior ISA.

How will this change impact my existing CTF?

Existing CTFs remain unaffected and you can continue to save as usual if you choose not to transfer to a Junior ISA. If you do decide to transfer, please be aware that the BMO FTSE All-Share Tracker Fund will no longer be available to our stakeholder customers as this fund is not available within the BMO Junior ISA.

What’s the difference between the BMO CTF and a BMO Junior ISA?

Can I invest in both?

No, you can’t hold both accounts for the same child.

Can I access the money paid into a Junior ISA?

No, the account is set up for the child. As with the CTF, only they can access the money and only after they turn 18.

What happens when my child reaches age 18?

The Junior ISA and CTF both transfer into an adult ISA in the child’s name, so they can keep saving if they wish.

If I transfer, will I lose my initial government CTF voucher?

No you will be able to transfer the total amount in your CTF account to a Junior ISA.

An ISA is for any UK resident over the age of 18 whereas a Junior ISA is for a UK resident under the age of 18. A Junior ISA will automatically convert into an ISA once the holder turns 18.

All children under the age of 18 are eligible for a Junior ISA. If your child has a Child Trust Fund (CTF), you can also now transfer this to a Junior ISA.

No, if a child already has a CTF they cannot also have a Junior ISA. You can however, transfer a CTF into a Junior ISA. We’ll open your Junior ISA for you as part of the transfer application process – simply download and complete the form and we’ll do everything else.  Unfortunately it’s not currently possible to transfer a CTF to a Junior ISA online.

You can also transfer a CTF from another provider into a BMO CTF by filling out our transfer form. 

The maximum that can be invested annually in the 2021/22 tax year is £9,000 and you can invest from as little as £30 a month in line with the child’s birthday.

Grandparents, godparents, friends and relatives can all contribute to your child’s Junior ISA.

No, funds in the Junior ISA cannot be withdrawn until the child reaches 18.

Got questions about the BMO Junior ISA?

Frequently Asked Questions

Information in this section of the Website is directed solely at persons who are located in the UK and can be categorised as retail clients. Nothing on this website is, or is intended to be, an offer, advice, or an invitation, to buy or sell any investments. Please read our full terms and conditions and the relevant Key Information Documents (“KID”) before proceeding further with any investment product referred to on this website. This website is not suitable for everyone, and if you are at all unsure whether an investment product referenced on this website will meet your individual needs, please seek advice before proceeding further with such product.