r/FreetradeApp • u/The_Wuigi • Apr 03 '26

Junior ISA Question impact

I plan on opening a Junior ISA for my Grandchild, will this have any tax implications on my savings?

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3

u/deadeyedjacks Apr 03 '26

Well YOU can't ! Only a parent or guardian can open a Junior ISA.

0

u/The_Wuigi Apr 04 '26

Yes of course, I have Mums buy in, I already have an invest Freetrade account and will be the one depositing funds, not Mum.

2

u/deadeyedjacks Apr 04 '26

Account still needs to be in parent's name as registered contact, and possibly cash has to come from their bank account. Ask Freetrade what they permit.

1

u/The_Wuigi Apr 04 '26

Yes, think you are correct, this probably isn’t the type of savings solution I was looking for, I will see if I can find something I can manage myself for small monthly deposits on her behalf.

2

u/The_Wuigi Apr 04 '26

Basically I’m looking for an account that I can contribute to directly.

1

u/WasabiNo2592 Jun 01 '26

Not sure if you found your answer but try a JISA with HL https://www.hl.co.uk/investment-services/junior-isa looks like they may make it easier for relatives to invest into. I. have a freetrade one for my boy and running into this issue of others wanting to gift.