What is a Stocks and Shares Junior ISA?
A Stocks and Shares Junior ISA allows you to invest tax-efficiently for the child in your life with a current annual limit of £9,000 for the 2021/22 tax year. 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.
The BMO Junior ISA 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.
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.
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.
A cost effective way to invest
- Invest up to a maximum of £9,000 in the 2021/22 tax year.
- Invest from as little as £25 per month, with no dealing charges on investments made by a monthly direct debit.
- You can also make one-off contributions from £100. Investment instructions can be made online without any dealing charges. If you need to send instructions via post, there will be a £12 charge for each fund selected.
- There’s an annual charge of £25 + VAT for the BMO Junior ISA and Government stamp duty of 0.5% applies on purchases of UK shares.
- 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.
How can I open a BMO Junior ISA?
Investing in a BMO Junior ISA is straightforward
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.
Got questions about the BMO Junior ISA?
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.