Junior ISA: yearly limit and rules

The rules

• The child must be under 18, live in the UK and not hold a Child Trust Fund (unless it is transferred).
• A parent or guardian opens it, and anyone can pay in, up to £9,000 a year in total.
• It can be a cash or stocks and shares Junior ISA, or both.
• At 18 it becomes an adult ISA that the young person controls.
• The Junior ISA limit is separate from the adult £20,000 ISA allowance.

What it could grow to

Paying £100 a month for 18 years at 5% a year would grow to about £34,526 by the child's 18th birthday, from £21,600 paid in.