Can I close a Junior ISA with no balance in it?

golly99

Hi

I opened a Junior ISA with Nationwide about a year ago now but didn't get round to putting any funds in there (they are currently in another account). I want to setup a Stocks and Shares ISA with Charles Stanley Direct - no I need to transfer it over from CSD even though I haven't got any funds in it...or can I close it at the Nationwide end and just open a new one at CSD?

Many thanks

xylophone

A child may have both a stocks and shares JISA and a cash JISA.

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

You might wish to split the allowance?

Archi_Bald

If it's an S&S JISA, you'll have to transfer it, I think, as you are only allowed one.

JISAs can't be closed, except on the death of the child.

golly99

It's a Junior Cash ISA

Archi_Bald

In which case just ignore it as it's fine to have a cash & a S&S JISA.