Junior ISA

Use our award-winning* Stocks and Shares Junior ISA to invest for your children’s future in a tax-efficient way. 

Give your child a financial head start from as little as £1 a day.

Our award-winning Stocks and Shares Junior ISA is a tax-efficient way to invest in your children’s future.

Any family member can invest into the Junior ISA and you can invest up to £4,260 in the 2018/19 tax year. 

If a child already has a Child Trust Fund (CTF), they can’t have a Junior ISA too. But you can transfer a Child Trust Fund into a Junior ISA.

What our Junior ISA offers you:

  • Tax-efficient savings
  • Long-term potential for growth
  • A range of 10 investment trusts
  • Invest with as little as £30 per month or £500 up front

Let’s talk about risk

There’s an element of risk involved with a stocks and shares investment Junior ISA. The value of your investments can go down as well as up and you may get back less than you originally put in. You need to be aged 18 or over and be a UK resident, and you should consider this as a longer-term investment. Tax allowances and the benefits of tax-efficient accounts are subject to change and tax treatment depends upon your individual circumstances.

What is a Stocks and Shares Junior ISA?

The Junior ISA is a popular tax-efficient savings account for the child in your life. This plan allows you to invest in the stock market and tailor your JISA to your needs through our range of investment trusts.

Why choose a Junior ISA?

Investment expertise

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

Investment trust options

Whether you are looking for growth or income you can create an investment portfolio that meets your needs.

Tax-efficient savings

When you invest with a Junior ISA, you don’t pay any additional income tax or capital gains tax on any investment profits you may make.

How to invest

Opening a new BMO account or topping up your existing account is easy. Get all the information you need about how to invest.

Get started now

Opening an investment plan online is simple and only takes a few minutes.

Our investment trusts

Our 10 investment trusts provide a range of investment opportunities, including access to equities, bonds, property and private equity.

Each trust has different aims and strategies. You can select a trust that aims for capital growth, income or both. Some have a specific regional focus, while others take a global approach.

Please see the Key Information Documents (KIDs) for further details on the risks for each trust.

Frequently asked questions

What will it cost me?
  • Annual charge – £25 + VAT
  • Dealing charges per holding for postal instructions – £12 and £8 per holding for online instructions. 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.

Please ensure that you also read the pre-sales costs disclosure prior to investing as you will need to sign a declaration on our forms that confirms you have read this.

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 2018/19 is £4,260.

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.

Recent changes to the rules announced by the government mean you can now transfer your Child Trust Fund to an BMO Junior ISA. For more information look at the Questions and Answers document we’ve pulled together to help you understand the changes.

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.

What is a Junior ISA?

Junior ISAs were introduced in 2011 after the Child Trust Fund (CTF) Scheme closed. Up to £4,260 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.

All children born before September 2002 and from 3 January 2011 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.

The maximum that can be invested annually in the 2018/19 tax year is £4,260 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?

“I was completely happy with the entire process your colleague was very clear. I had no unanswered questions so thank you very much.”

John, London

*What Investment Readers Awards winner – Best Children’s Investment Provider .

Past performance is not a guide to future performance.

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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.

Confused? Our handy glossary can help explain investing terms.