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FSCS protection for Junior ISA
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Crion
Posts: 3 Newbie
Hi all,
Junior ISAs are held in the name of a child and belong to them. Are they treated the same for the purpose of FSCS limit? I.e. does the FSCS coverage limit apply to a child separately or is the coverage shared with that of the registered contact adult?
Thank you,
Crion
Junior ISAs are held in the name of a child and belong to them. Are they treated the same for the purpose of FSCS limit? I.e. does the FSCS coverage limit apply to a child separately or is the coverage shared with that of the registered contact adult?
Thank you,
Crion
0
Comments
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It is dealt with as the child being an independent person, with you merely being the trustee. For the avoidance of doubt, you would both get the full FSCS coverage.0
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