Junior ISA tax deadlines for 2018/2019

Thursday, March 7, 2019

Blog Main - JISA Deadlines

If you would like to start a Junior ISA, or if you already pay into one for your child or grandchild, don’t forget to open or top up the account before 5 April 2019 if you want to make the most of the tax-free savings allowance for the 2018/2019 tax year.

How much can I invest in a Junior ISA?

Each tax year there is a maximum amount of money you can save into your Junior ISA. For example, during the 2018/2019 tax year, the savings limit for a Junior ISA is £4,260 and this will increase to £4,368 in 2019/2020. So you can save up to a maximum of £4,260 through regular payments, lump sum payments and top ups into your child or grandchild’s Junior ISA up to 5 April 2019 before the new allowance starts on 6 April 2019.

Can I carry my Junior ISA allowance into a new tax year?

The tax year runs from 6 April in one year to 5 April the following year and your allowance refreshes at the start of each tax year. Any allowance which isn’t used by the end of the tax year will be lost, and cannot be carried through to the following tax year or added to your new allowance.

Who can contribute to a Junior ISA?

Here at Foresters Friendly Society, our Junior ISA is a great way to put money aside for your child’s future whether saving regularly or investing a lump sum each year. As a parent/guardian of the child you can stop, start and change the level of contributions at any time during the year, and once opened anyone (such as parents, grandparents, relatives etc.) can pay into the account. You could even encourage your child to make their own contributions using their pocket money to get them into the habit of saving for the future.

The money you invest in our Junior ISA will be invested in our with-profits Order Insurance Fund, which offers the potential for higher returns than a cash ISA and has less risk than would be associated with a Junior ISA that is invested solely in stocks and shares. Once your child turns 18, they will then be able to access their Junior ISA which can then be invested in an adult ISA, or used for anything from their education to buying their first car.

If you’re interested in opening a Junior ISA for your child and want to find out more about how it works then request an information pack today!


You should be aware that in some investment conditions your child may not get back the value of the original investment. Tax rules may change in the future and depend on individual circumstances. Inflation will affect what your child can buy when they cash-in their Junior ISA. 

This blog is intended to provide information, not financial advice, to help you make an informed decision about savings and investments. We do not offer financial advice. You should contact a financial adviser, who may charge a fee, if you want financial advice.