Does a JISA affect your ISA allowance?

ShinyStarlight1

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.

gravel_2

No. Money in the JISA is owned by the child and is nothing to do with a parent's allowance.