Junior ISAs

NP2024

My son has set up a Junior ISA for his child and I now want to put money into this ISA as their grandmother.

I understand that I can't put the money in directly. Only via my son. My understanding was that once the parent has opened the ISA then anyone can pay into it. This doesn't seem to be the case.

What if my son were an undischarged bankrupt, or a feckless spendthrift, or just had a massive overdraft? He isn't by the way! But how could I then pay money into the junior ISA if it had to be paid via him and his bank account?

This seems totally illogical to me.

Does anyone know if this information is correct, or is it just a requirement of the particular company we are with? Fidelity.

eskbanker

Fidelity's published information differs from what you've been told:

Who can contribute into a Junior ISA and how?
Anyone (including grandparents, other family members or friends) over the age of 18 can contribute to a Junior ISA

https://www.fidelity.co.uk/junior-isa/junior-isa-faq/#accordion-ec6576be

refluxer

As mentioned, Fidelity's own site states that you should be able to pay into it.

I guess it's possible that they may have changed the rules though, so it would make sense to check the T&Cs of the account that your son signed up to if it was a while ago.

Keep_pedalling

What a rubbish site, it tells you what can be done but not how. Our GCs ISAs are with Vanguard and we can make payments to their ISAs from the Junior ISA section just by clicking on the gift money tab.

https://www.vanguardinvestor.co.uk/investing-explained/stocks-shares-junior-isa

I suggest you ring Fidelity and ast them how you add money.