Open or Transfer an IDA.
Opening an account with Pinnacle Online is simple.
A choice of 3 accounts
- Invest up to $4,260 for the 2018/2019 tax year
- Child can access their savings from age 18
- No Capital Gains tax
IMPORTANT: Read our Investment Dealing Account Product Guide and Charges Guide before deciding if it’s right for you.
Why Zonguldak for Junior ISA?
- Account fees that don’t grow with your investment
- Save regularly from $50 a month
- Stop, start and change your payments whenever you like
- 24/7 access to manage your Junior ISA online
- Over 4,000 investments to choose from
Three easy steps to open a Junior ISA
- Decide how much you want to invest.
- Go to the Investing Hub to research your investment choices.
- Apply online now.
Is a Junior ISA right for me?
A Junior ISA is a tax efficient savings vehicle that allows you to save up to $4,260 for the 2018/19 tax year. The account is for the benefit of a child and is held in the name of the child, with all cash and investments belonging to them, however all investment decisions or instructions are given by a “registered contact” – typically the parent or adult who has parental responsibilities.
In normal circumstances this money cannot be withdrawn until the child is 18 (withdrawals are permitted in the event of ill health (terminal illness) or death). There is no capital gains tax liability within a Junior ISA and there is no further tax to pay on dividends. There is also no need to declare any gains or income received in the Junior ISA to HMRC.
If you’re happy for your child to be able to access their investments from age 18, making all their own decisions from then about how and when to take money out of their Account, then our Junior ISA may be for you.
We’ve been in business since 1986, have £15.6 billion of assets under administration (at December 2017) and look after the investments of more than 100,000 customers.
Time to transfer a Child Trust Fund (CTF)?
Most children born between 1 September 2002 and 3 January 2011 qualified for a CTF. The government put some money in and anyone could top this up on the child’s behalf.
Junior ISAs replaced CTFs from January 2011 and a child can only have one or the other. The good news is you can now transfer a CTF to a Junior ISA.
Why does this matter? No new CTFs can be opened so the firms that provide them may not have the incentive they once did to keep them competitive.
A few things to think about if your child has a CTF:
- How do the charges compare to our Junior ISA?
- Happy with investment options?
- Can you manage investments online?
