Coventry Junior ISA
Compare Junior Stocks & Shares ISAs From £10 pm!
Investment ISAs put your capital at risk & you may get back less than you originally invested
- Invest From: £100
- Investment Options: Invest in one of a range of expertly designed investment portfolios depending on your investment style
Why we like it: Invest from £100. Simple, transparent – Invest in one of a range of expertly designed investment portfolios depending on your investment style. All five Nutmeg investment styles are built by experts and use exchange traded funds to diversify across stocks, bonds, industries, even countries. Choose the one that works for you. Nutmeg are regulated by the FCA & are covered by the FSCS. To open a Nutmeg JISA, the child must be under the age of 16 and funds cannot be withdrawn until the child turns 18. Capital at risk. Approved by Nutmeg 09/08/2024
- Invest From: £25 pm
- Investment Options: Choose from more than 40,000 UK and global investment options for your child's ISA
Why we like it: ii offer a flat fee service which over time could save you money compared to platform providers who charge on the value of investments held. ii offer ready made funds including their ethical funds which allows you to invest in line with your principles covering environmental, social and governance factors. Capital at Risk
- Invest From: £25 pm
- Investment Options: AJ Bell offer a wide range of investments including shares, funds, investment trusts and ETFs (exchange traded funds)
Why we like it: Which? Recommended Investment Provider. Invest from £25 pm or invest a lump sum up to £9,000 in the current tax year. AJ Bell offer a wide range of investment options. For a “no hassle” option, you can choose from one of 8 funds and AJ Bell Investments will do the rest. AJ Bell offer a “Responsible Growth Fund” focused on companies taking their commitment to the environment and society seriously. . Capital at risk.
- Invest From: £10 pm
- Investment Options: Is an insurance based Junior ISA which invests in stocks and shares via a With-Profits pooled fund
Why we like it: Your child’s money will be invested through a fund manager & will be invested primarily in stocks and shares, with the aim of achieving higher growth over the long-term than might be available through a cash-based Junior ISA. Open a Junior ISA for your child and get rewarded too. . Capital at risk. Please note: As with all investing, your capital is at risk you may get back less than you have put in. The value of the ISA will depend on the performance of the investments and any bonuses cannot be guaranteed. Additionally, if investment conditions are poor, we may apply a Market Value Reduction (MVR)
- Invest From: £1
- Investment Options: Choose from one of five investment styles based on risk, and a team of experts build your child’s Junior ISA, choosing which investments to buy and managing them on your behalf
Why we like it: You can choose to invest for you child in an Ethical Plan or an Original Plan. Wealthify Junior ISAs contain a range of investments from across the globe matched to the level of risk you choose. Each Junior Stocks & Shares ISA will contain up to 20 investment funds from providers like Blackrock and Vanguard Wealthify is authorised and regulated by the Financial Conduct Authority (FCA). Your money is looked after by our team of experienced and qualified investment managers, and we’re backed by global financial services provider, Aviva. Invest up to £9,000 per year and/or transfer from existing Junior ISA or Child Trust Fund. Capital at risk.
- Invest From: £100
- Investment Options: Nutmeg offer a socially responsible junior investment ISA which places emphasis on environmental and social and governance factors
Why we like it: Open with a lump sum from £100. Simple, transparent – Socially responsible portfolios are tilted towards companies and bond issuers that have high environmental, social and governance (ESG) standards. Nutmeg invest in exchange traded funds that avoid companies engaged in controversial activities while focusing on those that lead their peers on ESG. Capital at risk. Approved by Nutmeg 09/08/2024
- Invest From: No Minimum
- Investment Options: Choose your own investments, invest with help from an adviser or let the experts take care of it all for you
Good to know: Junior ISAs work in the same way as adult ISAs. They give children an allowance every year to save money or invest without paying any Income Tax or Capital Gains Tax. This year the annual Junior ISA allowance is £9,000. Capital at risk.
- Invest From: £25 pm
- Investment Options: Invest in over 3,000 funds, UK and overseas shares, investment trusts and ETFs
Good to know: With an HL Junior Stocks and Shares ISA, you can choose investments for your child including UK and overseas shares, Investment trusts, bonds and exchange-traded funds (ETFs). HL have over 1 million clients who trust them for their investments. Capital at risk
- Invest From: £10 pm
- Investment Options: A selection of 9 funds so you can tailor your child's investment
Why we like it: Offers a selection of 9 funds to choose from, including an “International Ethical Fund” so you can tailor your child’s investment. Winner of Best Junior ISA provider for the 2nd year running at the Investment Life and Pensions Moneyfacts Awards 2020. Capital at Risk
- Invest From: £10
- Investment Options: Allocate your savings between a cash money market fund / shares fund from L&G and Fidelity
Why we like it: Rated the Best Junior ISA two years in a row at the Good Money Guide awards. Beanstalk app is free to download and use. The only charge is an annual fee of 0.5% on the value of any investments, one of the lowest around. Rated excellent on Trustpilot. Capital at Risk
Coventry Junior ISA
Junior ISAs are an initiative by the Government which helps parents save for their children’s future. Launched in November 2011, junior ISAs offer tax-free savings and investments. Each eligible child is allowed to have one cash ISA and one stocks and share ISA at any time. Transfers are permitted between cash and stocks and shares junior ISAs, or to another junior ISA provider.
Children who were born between 1st September 2002 and 3rd January 2011 will already have a Child Trust Fund, and are therefore not eligible for a junior ISA but you are able to transfer in to a Junior ISA. Talk to your provider for more details or use our comparison tables to find a provider who will except transfers in.
Coventry Junior ISA Features
The Coventry Building Society is a building society based in Coventry, England. It is the third largest in the United Kingdom with total assets of more than £34.1 billion at 31 December 2015.[1] It is a member of the Building Societies Association.
Coventry offer a Cash ISA for young people which offers a competitive, variable rate of interest.
- Coventry Junior Cash ISAs offer one of the highest rates of interest currently on the market
- Anyone is able to pay in to the account, such as: parents, grandparents, relatives, and friends. Making it an easy way for all the family to be financially involved in a child’s future
- Interest is paid annually every September with one final payment when the child reaches 18
- No one can access or withdraw from the account until the child is 18
Transferring in to a Coventry Junior ISA
You can transfer in to a Junior ISA just like an adult ISA.
Switching is permitted and as long as your check that your current provider accepts transfers-in then it should be just a case of filling in a form.
If you have a Child Trust Fund set up then you’re not allowed to open a Junior ISA as well. However, you can transfer the Trust Fund in to the ISA. Coventry accepts transfers in from Child Trust Funds as well as other ISAs.