Junior ISA sales soared in 2012-13

clock

Sales of Junior ISAs (JISAs) soared in 2012-13, government figures show.

Some 295,000 new accounts were opened in the tax year - with a total of £392m invested - compared to the 71,000 sold in the six months following the products' launch in November 2011. However, the average amount invested has gone down from £1,623 to £1,327 in the same period. Family and friends can invest up to £3,600 tax free into the products. Junior ISAs replaced Child Trust Funds (CTFs), which were savings accounts for children born between 1 September 2002 and 2 January 2011 and included cash vouchers of up to £250 given out by the government. The Treasury is currently consult...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Aegon AM launches UK-domiciled global income fund

Aegon AM launches UK-domiciled global income fund

In response to client demand

clock 27 June 2025 • 1 min read
CCLA's Charlotte Ryland and Joe Hawkes: How to position for the end of the 90-day tariff pause

CCLA's Charlotte Ryland and Joe Hawkes: How to position for the end of the 90-day tariff pause

Focus on quality

Charlotte Ryland and Joe Hawkes
clock 26 June 2025 • 4 min read
Almost half of UK investors using social media for financial advice

Almost half of UK investors using social media for financial advice

Many sources 'unregulated and unverified’

Sorin Dojan
clock 23 June 2025 • 2 min read
Trustpilot