Junior ISA

[Ian82]

Looking for some guidance please as to what may or may not be possible.

I am looking at setting up a junior isa for my nephew who is a couple of months old. He was born and lives in the U.K with his parents however as I am based in Ireland I am not sure on how I can go about opening an account in his name to pass across. I would like to be in a position to top up with small annual amounts to cover birthdays etc to give him something of value when he turns 18.

Any advice would be greatly appreciated on what may be possible

Thank you

[thekingisdead]

I think only the legal parents / guardians can open a JISA

I just applied to transfer my eldest JISA, had to tick a box confirming I was the parent / guardian etc

[Jackals]

thekingisdead said:

I think only the legal parents / guardians can open a JISA

I just applied to transfer my eldest JISA, had to tick a box confirming I was the parent / guardian etc

I think it's depends who with, I opened a JISA for my niece when she was born last November with IM.

[Mr Pointy]

Jackals said:

thekingisdead said:

I think only the legal parents / guardians can open a JISA

I just applied to transfer my eldest JISA, had to tick a box confirming I was the parent / guardian etc

I think it's depends who with, I opened a JISA for my niece when she was born last November with IM.

According to the .gov website it's only parents or a guardian with parental responsibilty:
https://www.gov.uk/junior-individual-savings-accou...

[Ian82]

Thank you for your replies.

I can always ask my sister to open the account and transfer her the funds and annual top up amounts however I had hoped to be able to do this myself.

Will have a look to see what other gift options may be available, I didn't want to go down the watch route

Thanks again

[Jackals]

Mr Pointy said:

Jackals said:

thekingisdead said:

I think only the legal parents / guardians can open a JISA

I just applied to transfer my eldest JISA, had to tick a box confirming I was the parent / guardian etc

I think it's depends who with, I opened a JISA for my niece when she was born last November with IM.

According to the .gov website it's only parents or a guardian with parental responsibilty:
https://www.gov.uk/junior-individual-savings-accou...

Very odd then, as i was able to...

[chip*]

Jackals said:

Mr Pointy said:

Jackals said:

thekingisdead said:

I think only the legal parents / guardians can open a JISA

I just applied to transfer my eldest JISA, had to tick a box confirming I was the parent / guardian etc

I think it's depends who with, I opened a JISA for my niece when she was born last November with IM.

According to the .gov website it's only parents or a guardian with parental responsibilty:
https://www.gov.uk/junior-individual-savings-accou...

Very odd then, as i was able to...

I am surprised you were permitted to open a JISA for your niece without been a parent or an appointed legal guardian.
What's the legal implication for this? Is the JISA account still valid, or does it need to be closed, or can it be re-assigned to the actual parents/legal guardian?

Just for reference from a popular investment firm, they validate parental responsibility at the very step of their JISA online account application:



This online application took literally minutes to register my daughter's JISA account.

[Jackals]

chip* said:

I am surprised you were permitted to open a JISA for your niece without been a parent or an appointed legal guardian.
What's the legal implication for this? Is the JISA account still valid, or does it need to be closed, or can it be re-assigned to the actual parents/legal guardian?

Just for reference from a popular investment firm, they validate parental responsibility at the very step of their JISA online account application:



This online application took literally minutes to register my daughter's JISA account.

It appears i've buggered up, there's a tick box agreeing you're the parent/legal towards the end of the application process. Speaking with them now on how to rectify... Even if we do need to close the account and re-open the amount is only small, so don't need to worry about hitting the ISA limit.

[MyM2006]

Ian82 said:

Thank you for your replies.

I can always ask my sister to open the account and transfer her the funds and annual top up amounts however I had hoped to be able to do this myself.

Will have a look to see what other gift options may be available, I didn't want to go down the watch route

Thanks again

You cant open the JISA but the guardians/parents can, once it has been setup there should be an option for you to pay in directly to the JISA which the parents can then give to you.