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Isa for 16 year old
chick7772
Posts: 1 Newbie
Hi...i wanting some advice...My child is almost 16 and has a savings account that give's (a very poor) 1% interest and would like to open up an isa...can anyone advise which is a good one to open up...and which can be tied up for 2 years....many thanks in advance
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Comments
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Halifax JISA https://forums.moneysavingexpert.com/discussion/comment/52788721#Comment_52788721 post 9 if he is 16 very shortly.
Otherwise, you could open/ transfer your ISA to Halifax and go the 'relationship" route?0 -
I think I heard somewhere that a 16-year-old is allowed to hold both an adult ISA and a JISA. So if there is too much to fit in one account, could have one of each.0
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http://www.direct.gov.uk/en/MoneyTaxAndBenefits/ManagingMoney/SavingsAndInvestments/ISAsandJuniorISAs/DG_199672I think I heard somewhere that a 16-year-old is allowed to hold both an adult ISA and a JISA. So if there is too much to fit in one account, could have one of each.
Children aged 16 could choose to open an adult cash ISA as well as a Junior ISA.0
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