When it comes to something as important as your child’s financial future – and with so many options to choose from – you’re probably asking yourself: why choose a Wealthify Junior ISA?
Well, as a company full of people responsible for little ones, we created our Junior ISA (JISA) with parents and children in mind. After all, we know you want the process of putting money away for them to be as simple and stress-free as possible, so you can spend more time creating memories together.
And, in this article, we’re going to show you why simplicity is just one of the reasons to choose a Wealthify Junior ISA.
Jump to:
- Best Junior ISA 2024/25
- Junior ISA transfers
- Low fees
- Ethical investing options
- Our investment performance
- How to open a Wealthify Junior ISA
Best Junior ISA 2024/25
Naturally, we think we’re one of the best Junior ISA providers out there.
But don’t just take our word for it: we’ve now won Best Junior ISA at The Personal Finance Awards — six years in a row!
Junior ISA transfers made easy
We’ve already mentioned simplicity being a big benefit of the Wealthify Junior ISA, and that’s no more evident than with our transfer process. Before going any further, however, it’s important to understand three things:
- You can only transfer another existing Junior ISA or Child Trust Fund to us.
- We only offer a Junior Stocks and Shares ISA (not a Junior Cash ISA).
- You can’t transfer one Child Trust Fund to another, as Child Trust Funds are no longer available.
You can learn more about transfers – including the most common reasons for doing so – in our Junior ISA transfer guide.
Regardless of why you’re transferring, you can move your child’s money to Wealthify in four simple steps:
1. Start your transfer
To get the ball rolling, you’ll need to fill out our Junior ISA transfer form, before telling us how much you want to transfer. From Cautious to Adventurous, you’ll then pick an investment style, which will help us determine how you want your child’s money invested.
2. Answer our quiz
To make sure investing is right for you and your child, we ask you to complete a short suitability quiz.
3. We build your Investment Plan
Another benefit of choosing a Wealthify Junior ISA is having our team of investment experts manage everything for you — starting with them building your JISA Investment Plan.
4. Just sit back, relax...
...and monitor your child’s investments at any time, using our app or online dashboard. Yep, it’s that simple!
With investing, your capital is at risk. Tax treatments depend on your individual circumstances and may change in the future.
Low fees
Just like everything we do at Wealthify, we’ve kept our Junior ISA fees as transparent and easy-to-understand as possible. With that in mind, we charge:
- An annual management fee of 0.6%, which is taken monthly from your Wealthify account.
- Fund and trading fees of approximately 0.16% p.a. for Original Plans and 0.70% p.a. for Ethical Plans.
So much more than just managing your investments though, here’s what else you get as part of your Wealthify Junior ISA fee:
- A Customer Care Team to solve issues or answer any questions via live chat, phone, and email.
- An award-winning app to track your investments 24/7.
- Weekly investment news, insights, and articles.
Ethical investing options
As you already know, a Wealthify Junior ISA is a great way to build a brighter, better future for your child. And, thanks to our ethical investing options, it’s your opportunity to build one for society and the environment, too.
That’s because our Ethical Junior ISA helps you and your child invest in organisations committed to having a positive impact, aiming to avoid your money being invested in harmful industries and activities.
Wealthify’s Junior ISA performance
Even though they say time is money, when it comes to seeing the potential rewards of investing, money takes time.
Thankfully, with a Wealthify Junior Stocks and Shares ISA, the money is locked away until your child turns 18 — leaving you no option but to commit for the long-term.
Unlike a Junior Cash ISA, however, the money in a Junior Stocks and Shares ISA is put to work (and given a chance to grow) in the financial markets. As with all investing, this means the value of your child’s investments can go down as well as up, and they could get back less than invested.
The good thing about choosing Wealthify is that you’ll have our Investment Team actively monitoring the financial markets and their impact on your child’s Junior ISA.
Always ready to act in you and your child’s best interests, they’re constantly evaluating market information and looking for new opportunities, with the goal of protecting your money — and achieving your long-term objectives.
How to open a Wealthify Junior ISA
Similar to transferring a Junior ISA or CTF to us, opening a Wealthify Junior ISA is an easy, three-step process:
- Choose your investment style, Plan, and amount.
- Take our Suitability Quiz.
- We build and manage your Junior ISA!
If you’re ready to get started, you can jump straight to our dedicated Junior Stocks and Shares ISA page!
With investing, your capital is at risk. Please remember the value of your investments can go down as well as up, and you could get back less than invested.
Wealthify does not provide financial advice. Please seek financial advice if you are unsure about investing.
Your tax treatment will depend on your individual circumstances, and it may be subject to change in the future.
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