Junior ISA sales soared in 2012-13


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

  • 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


More on Investment

All the latest from the world of ESG investing

ESG Blog: UN secretary urged governments to impose windfall tax on 'immoral' energy companies

Round-up of ESG coverage

Investment Week
clock 04 August 2022 • 1 min read
The extraordinary general meeting (EGM) will take place on Friday 5 August.

Trian 1 story continues as shareholders call for support ahead of extraordinary general meeting

'Not fit for purpose'

clock 26 July 2022 • 4 min read
Lorenzo Brunelli, ESG product strategist at PIMCO

Partner insight: Looking beyond the labels

Investors should look beyond ESG-labelled debt and at opportunities like unlabelled green bonds and climate leader bonds

clock 19 July 2022 • 1 min read