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As I have explained above, the child can have both a JISA and a Smart Account held in trust by a parent or guardian.

In a tax year, you can contribute the maximum to the JISA - for the current tax year, that is to say 6 April 2015 - 5 April 2016, you can contribute £4080.

You deposit the balance of the money in the Smart Limited Access and then on 6 April 2016 you move money up to the maximum for the tax year 2016-17 from the Smart Account to the JISA.

You repeat in the subsequent tax year (s) until the money has all been transferred into the JISA.

The interest paid in the JISA is automatically tax free but if the child is a non tax payer, you must complete a Form R85 to receive interest tax free in the Smart Account - the Building Society will give you one of these when you go in to open the account.

Here is information on JISA

https://www.gov.uk/junior-individual-savings-accounts/overview

Make an appointment with the Nationwide regarding the Smart Limited Access Account - you have already opened the JISA.

I hope the above makes matters clearer.