The Junior ISA is currently closed to new applications, but if you already have one you can continue to pay into it.
It pays interest of 2.5% p.a. (2.5% AER) and the money is not available for withdrawal until the young person’s 18th birthday.
The maximum annual investment is subject to the annual Junior ISA allowance per tax year. In the tax year 2015-16 the maximum annual investment is £4,080.
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