Junior ISA Transfer

Transfer your existing Junior ISA

Open a Junior ISA

To speak to one of our team call us on 0161 762 5790

Click here for an Junior ISA Postal Pack

Transfer your existing Junior ISA

Open a Junior ISA

To speak to one of our team call us on 0161 762 5790

Click here for an Junior ISA Postal Pack

Transfer a Junior Cash ISA

Cash ISAs have suffered from low interest rates for some years and now that balances in Junior ISAs are growing to significant levels it's time to look at alternative ways to improve returns. Our Ethical Stocks and Shares Junior ISA gives you this opportunity over the medium to long term by investing in a single fund containing a mix of stock market investments, government and corporate bonds, property and cash deposits.

Transfer a Stocks and Shares Junior ISA

As the Junior ISA gets nearer to maturity you may be looking to invest the money already built up in your existing stocks and shares Junior ISA to a fund that has a lower risk profile.

If so, our Healthy Investment Junior ISA could be just the place to save and invest for your child as it invests in our Ethical With-profits Fund that includes stocks and shares but also a large proportion of fixed interest bonds, commercial property and cash deposits. Whilst the mix of assets changes over time it will continue to have a low to medium risk profile.

Guaranteed return

Wouldn’t it be great to offer a child a guaranteed, tax-free payout when they turn 18? Well, with our Junior ISA that’s what they get - for all investments held over 5 years, we guarantee they will receive all of the money that has been invested, plus all the bonuses that have been added. They may also receive a final bonus. For investments held for less than 5 years at age 18, we make this same promise on the 5th anniversary of every investment.

Only a parent or guardian of a child under 16 can open or transfer a Junior ISA, but once it’s open anyone can make more investments. Once they’re over 16 they can even open their own Junior ISA or transfer it to a different provider.

Our Junior ISA is truly flexible - you can change or pause payments whenever you need to. We accept transfers for any amount above £100 - after that you can invest up to £9,000 every year.

A truly ethical investment- reassuring you that your money isn't invested in harmful industries, no investments are made in alcohol, tobacco and arms industries and gambling and pornography providers.

We provide both Child Trust Funds and Junior ISAs, so if you’d like to discuss transferring a CTF to a Junior ISA, just let us know. We can’t offer advice, but we’d be happy to talk through the differences with you.

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Important Points

Is it for me?

Junior ISAs are available to any UK resident under the age of 18, who do not have a Child Trust Fund.

For children under the age of 16 they can only be opened by the child's parents or guardians, but once open anyone can invest in them for the benefit of the child. If the child is between 16 and 18 they can open one themselves.

You might consider transferring a Junior ISA to a Healthy Investment Junior ISA if you already save in a cash Junior ISA or a savings account and you are now looking for an investment that has some risk but the potential for higher returns.

You cannot have both a Child Trust Fund and a Junior ISA but you can transfer an existing Child Trust Fund to a Junior ISA.

You should see this Junior ISA as a medium to long term investment for your child's savings.

A child can only have one Junior Stocks and Shares (Investment) ISA at any time so the whole of an existing Junior ISA has to be transferred to avoid any loss of the tax free status of a Junior ISA.

Things to think about

Although the Junior ISA grows through bonuses, bonus rates are not guaranteed and in exceptional circumstances could be nil.

If when the child is over 18, they withdraw from the investment or you transfer the Junior ISA, within the first 3 years, an early surrender penalty will apply. The early surrender penalties reduce each year the ISA has been invested, as follows:
Year 1 - 3%
Year 2 - 2%
Year 3 - 1%
Year 4 plus – nil

If you cash in or make a withdrawal, a Market Value Reduction (MVR) may also be applied, which, if not made on one of the guaranteed MVR free dates, could reduce the amount the child receives and they might receive back less than you invested. A MVR may be applied if there's a significant fall in the value of the stocks and shares, or other investments we have invested in.

If you invest into a Healthy Investment stocks and shares Junior ISA for them you will not be able to invest in another stocks and shares Junior ISA.

Inflation will reduce what the investment will buy in the future.

Tax rules can change at any time.

If you have any doubt whether this Junior ISA is right for them, you should seek financial advice.

Our Ethical With-profits Fund

If you decide to invest in a Healthy Investment stocks and shares Junior ISA, you will be investing into our Ethical With-profits Fund, which includes a mix of stocks and shares, fixed interest bonds, commercial property and cash deposits. The mix of assets held changes over time.

We avoid investing in companies in certain industries and those whose activities are not in accord with our members’ personal values. Examples are the tobacco, armaments, alcohol and fur manufacturing industries, gambling and pornography providers and companies that manufacture products or ingredients that have been tested on animals.

We seek to invest in companies that are explicitly involved in activities that benefit society and the environment. Examples are companies that are tackling climate change, promoting a low carbon economy, promoting diversity and equal opportunities, and improving energy efficiency.

Our vision is to invest for a better future, deliver good financial returns and make a difference to society and the environment.

The Society aims to provide a consistent return by smoothing the investment return to avoid volatile fluctuations in the value of your investment. Smoothing may not protect you against long term or sustained falls in the value of investments.

For further information on our Ethical With-profits Fund please click here.

Bonuses and benefits

Reversionary bonus
A reversionary bonus is an annual bonus which, once added to your Junior ISA, can never be taken away.

These are the reversionary bonus rates we've applied to our stocks and shares Junior ISA:

2023 – 3.75%
2022 – 1.75%
2021 – 1.75%
2020 – 2.25%
2019 – 2.25%
2018 – 2.00%
2017 – 2.75%

The level of bonus depends on investment performance, our expenses and our solvency margin over the previous year as well as the Board's expectations of future performance. The level of bonus also reflects the capital and bonus guarantees. The rate of bonus can change every year and could in exceptional circumstances be nil.

All reversionary and interim bonus rates are net of charges. The bonus rate declared is the bonus rate you receive.

Interim bonuses
Unlike declared reversionary bonus rates, which can never be changed, interim bonus rates are not fixed and can be increased or reduced by the Board at any point during the year. The current interim bonus rates are based on a prudent view of future investment performance, solvency and expenses over the year. They are used for partial and full withdrawals made since the last reversionary bonus declaration.

Terminal bonuses
A terminal bonus is an additional final bonus which may also be added on partial and full withdrawals or in the event of the death of the investor. The rate of final bonus can be changed at any time or can be withdrawn altogether.

Capital and bonus guarantees

The Healthy Investment stocks and shares Junior ISA comes with important capital and bonus guarantees to ensure the child receives back your initial investment plus all the bonuses that have been added to their Junior ISA, providing they cash in on one of the key anniversary dates.

The first key MVR free anniversary date is on the child’s 18th birthday for all investment made before their 13th birthday and every 5th birthday after that. If the individual investment has been made for less than 5 years when the child reaches 18 the first MVR free guarantee will apply on the 5th anniversary of the investment and every 5th anniversary thereafter.

MVRs are never applied on death.

What could I get back?

The level of bonus depends on investment performance, our expenses and our solvency margin over the previous year as well as the Board’s expectations of future performance.

The Key Information Document includes examples of what you might receive back based on different investment scenarios. It also helps you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products.

Download our latest Key Information Document for our Junior ISA here.

Single Regular