£85k FSCS protection limit - should I include my child's Junior Cash ISA ?

refluxer

If I have a Junior Cash ISA for my child with the same bank that I also have a savings account with in my own name, would I need to make allowances for the ISA with regard to the £85k FSCS protection limit, or would that money be regarded as belonging to her if ever the bank went under and a claim was needed, presuming she was under 18 at the time ?

I've had a quick dig around on the MSE FSCS guide and also the official site, but couldn't find the answer. 

TheMilkmansDad

It's the named account holder so I would assume you wouldn't need to include in your figures.

I’m an individual account holder. Am I protected?

Yes. FSCS protects up to £85,000 in total across all accounts you hold, either in your name or where you are listed as the beneficial owner (e.g., money held on your behalf in a client account) within the bank/banking group.

xylophone

Your child is the owner of the account  in his own right - you are only the "registered contact".


https://www.gov.uk/junior-individual-savings-accounts/manage-an-account

refluxer

Great stuff - I figured that might be the case but just wanted to check.
Thanks for your thoughts