“Managing a Junior S&S ISA”

In_For_A_Penny_2

I am planning on opening a JISA for my daughter with Charles Stanley (through which I hold investments and am happy with the platform and charges). I understand the money/investments belong to her until she is 18 and can’t be withdrawn other than in exceptional circumstances.

With this in mind, how much “management” is possible in the JISA? Presumably it functions very much like an adult S&S ISA where one can buy/sell investments so long as they are not ultimately removed from the wrapper?

I just wanted to clarify this before proceeding.

westy22

You will be managing the JISA on behalf of your daughter until she is 18.

As such you can buy, sell and switch funds about as you would with your own S&S ISA but you cannot withdraw the balance until the holder is 18.

bowlhead99

Yes, it's a self-select ISA, you can decide what's in it.

Some investment ISAs are relatively limited because your only choice is whatever holdings are available from that ISA manager. But as CS is a broker/investment platform their Jisa should work just like their adult ISA (other than not being able to withdraw it until the relevant age as you mentioned, but transfers to other providers are allowed of course).