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JISA
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astonvilla25
Posts: 2 Newbie
if your child has a JISA in the 25/26 tax year, turns 18 in January 2026 so this then moves to an ISA, does it go towards the £20,000 ISA allowance?
0
Comments
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no, it's not new money - it's existing ISA money.0
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even if the £9,000 was paid in this tax year?0
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in that case yes - I was assuming no new deposit in the JISA. The total amount for the year is £20k so if you've already paid in £9k to the JISA and then is transferred to an ISA, you'd be left with £11k allowance.0
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