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Does a JISA affect your ISA allowance?
ShinyStarlight1
Posts: 166 Forumite
Hi All
If my son opened a JISA for his child, would it affect my son’s ISA allowance for that year? Or can he have £20k in his own ISA and £2k in his child’s JISA? I want to put money aside for my grandchild but don’t want it to affect my son’s ISA allowance.
Thanks in advance for any thoughts on this.
If my son opened a JISA for his child, would it affect my son’s ISA allowance for that year? Or can he have £20k in his own ISA and £2k in his child’s JISA? I want to put money aside for my grandchild but don’t want it to affect my son’s ISA allowance.
Thanks in advance for any thoughts on this.
0
Comments
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No. Money in the JISA is owned by the child and is nothing to do with a parent's allowance.2
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