Junior ISA Top Ups

Top up your ISA for

The next generation

For any parent, knowing your child has a secure future is absolutely priceless. By topping up your child’s Junior ISA, you are making the most of the £9,000 annual allowance and helping towards their future. When they’re 18 they will have a savings pot they can put towards the next step in their life.

Why top up your child’s Junior ISA?

It is a simple way to build up a savings pot for your child when they reach 18. You can save up to £9,000 in the current tax year.

Make regular payments from just £26 per month, lump sums of at least £500 and top ups of at least £50. Don’t forget, friends and family can pay in too!

Your money is invested in a fund which gives you access to investment types you cannot get directly.

Access to Foresters Extras – membership benefits – including discretionary grants to help you to cover the cost of things like higher education and healthcare costs.

Chloe, Staffordshire

“I applied for the Educational Award which has helped immensely with university. The grant from Foresters has helped me with my university studies, supporting me with travel to university, textbooks and helping with the difficulties of everyday life being a student. My Court Secretary was extremely efficient in processing my grant and I’m extremely grateful! Thank you Foresters!”

Read More

Keep saving for your child’s future! Top up today!

Added value for your child – Foresters Extras

Holding a Junior ISA with us means your child is part of the Foresters Friendly family, and can enjoy some wonderful, unique benefits including discretionary grants to help with higher education costs when the time comes and to support life’s ups and downs.

Find out more

Common questions

Can I still open a Foresters Friendly Society Junior ISA?

Junior ISA’s are no longer available to open with Foresters. But on the plus side, we do offer a Child Tax Exempt Savings Plan which can be used to save for their future.

Can I transfer an existing Junior ISA to Foresters Friendly Society?

We no longer accept transfers of Junior ISA’s.

How many Junior ISAs can I open?

Your child can have a Junior Cash ISA, a Junior Stocks and Shares ISA or both. If you hold both, the combined total which can be saved this year must still be within the annual Junior ISA allowance.

Unlike Adult ISAs where it’s possible to have multiple ISA accounts from different tax years, your child can only hold one cash Junior ISA and one stocks and shares Junior ISA.

Where is my money invested?

Your money is invested in our With Profits Order Insurance Fund with the aim of providing investment growth. Dependent on the performance of our fund, we aim to add annual bonuses and a final bonus to your child’s Junior ISA which will increase their plan’s value. The addition of bonuses is not guaranteed.

We never forget it’s your child’s money, so we take extra good care of it. Within our fund, your money is spread across a number of different types of investments to help minimise risk and increase the potential returns. This way your money benefits from exposure to a range of asset classes which may include equities (company shares), fixed interest bonds (government and company), property and cash.

What is the potential benefit of the chosen asset mix within the Foresters with profits fund?

Many funds that invest in a variety of asset classes would have a mixture of equities and bonds.  These asset classes traditionally have a negative correlation, meaning that if equities go up in value, bonds generally go down in value.  The opposite happens when equities go down in value.  Over the past few years this correlation has moved to a positive correlation, resulting in equity and bond valuations moving in the same direction.  This can increase the risk of poor returns and increased volatility in fund values.

We use private assets to help diversify our fund and reduce its overall risk, as private assets are not so closely correlated with equity and bond (public) investments and so can help to balance investment volatility.  Private assets also offer the potential for higher returns as they are often long term investments.  The downside is that private assets offer lower flexibility than public assets. We monitor the overall exposure between private and public assets to ensure the mix meets our expected cashflows.

What interest does the Junior ISA plan pay?

The Foresters Stocks & Shares Junior ISA doesn’t pay interest. Instead, by investing the money you pay into the plan into our Order Insurance with profits Fund we provide the potential for growth through bonuses. What growth your child’s Junior ISA receives will depend on the performance of our fund.

The following annual bonus rates have been declared for the Junior ISA:

Year Annual Bonus Rate
2022 1.25%
2021 1.25%
2020 1.25%
2019 1.75%
2018 1.75%

The annual bonus rate is applied to the amounts you have invested, less the amounts you have withdrawn, and any annual bonuses that have been previously added.

The addition of any bonus is not guaranteed and your child may not get back the full amount originally invested, dependent on the investment conditions at withdrawal.

To find out more about the addition of bonuses and how we manage our fund please read our Principles and Practices of Financial Management (PPFM).

We may vary the design of a product to best meet the needs of our policyholders which may affect the timing and size of future bonuses. Therefore the above table is provided for information purposes only and should not be considered an indication of likely future performance.

Are there any charges?

There is an Annual Management Charge of 2% of the value of your Junior ISA. We deduct charges upfront before we declare bonuses. This means there are no additional charges for you to pay. This charge could change, but we promise it will never exceed 3% of the value of your Junior ISA in any one year. The charges are designed to cover our costs for administering the JISA on your behalf. For more information about charges, please take a few minutes to read the relevant Junior ISA  Key Information Document and Important Information.

Can withdrawals be made from a JISA?

No – no one can access the funds legally before the child turns 18. In other words, the plan is locked.

What happens to the Junior ISA when the child turns 18?

Once your child turns 18 they’ll be able to access their Junior ISA. Their lump sum can be used to further their plans. It could help them with university fees, saving towards a deposit on a house, or even buy their first car.

What happens if the person paying contributions passes away before the child reaches 18?

Anyone can pay into the Junior ISA so, in this case, another person can carry on with the payments.

Ways to top up a Junior ISA

1

Online

Set up a regular monthly direct debit, or make a one-off, secure payment from your debit card. Top up online now.

2

By phone

Call us on 0800 988 2418 and we can set up a regular monthly direct debit, or take a one-off payment from your debit card over the phone.

 

TOP UP TODAY

We’re here if you need help or have any questions

If you’re a little stuck and need help, please get in touch. Our UK based team can help to make things as smooth and easy as possible (lines are open Monday to Friday 9 am to 5 pm).

Call free on 0800 988 2418