A Junior ISA (JISA) is normally a collective investment which has certain tax advantages whilst the monies are invested. To qualify for the tax advantages of a JISA, the investor must be a UK resident under the age of 18, and there is also a restriction on the amount that can be invested each tax year. The tax advantages protect the JISA from Income Tax or Capital Gains Tax, which can potentially make a big difference over time. If money invested in the ISA is left, you’ll potentially be making the most of compound returns.
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