Accidental payment into sons junior ISA

moph6tp2

Hi all,

Just checking to see if anyone has had any luck getting mistaken payments back from a junior ISA.

The HMRC state that: Cash may be deposited into the JISA of an unconnected child in error. This could be the result of an error made by the bank or by the customer moving the money.

HMRC understand that if the error is spotted immediately - for example a bank keying error - the bank may be able to reverse the transaction and correct both accounts. And HMRC understand it is standard practice to notify both accounts holders to explain what has happened.

Does this look like I will get this back. Does anyone have any experience?

Many Thanks

Tom P

eskbanker

Have you deposited cash into the JISA of an unconnected child (e.g. by specifying a wrong account number), or simply paid into your child's JISA when you hadn't really intended/wanted to? The HMRC wording you're quoting relates to the first scenario but not the second....