Savings for children

Junior ISA rules, from GOV.UK

• A child can have a Junior ISA if they're under 18 and live in the UK. They can't also have a Child Trust Fund.
• Up to £9,000 can be paid in for the 2026 to 2027 tax year, across all of the child's Junior ISAs.
• A parent or guardian with parental responsibility opens and manages it, but the money belongs to the child.
• The child can take control of the account at 16, but can't withdraw the money until they turn 18.

Source: GOV.UK: Junior Individual Savings Accounts, checked 30 October 2026.

Interest on money a parent gives

GOV.UK says to tell HMRC if, in a tax year, a child gets more than £100 in interest from money given by a parent. The parent then pays tax on all of that interest if it's above their own Personal Savings Allowance. The £100 limit doesn't apply to money given by grandparents, relatives or friends, or to money in a Junior ISA or Child Trust Fund. GOV.UK: interest on savings for children

Also for children

• NS&I's Junior ISA is in the table above. Premium Bonds can be bought for a child under 16 by a parent or guardian: see NS&I and Premium Bonds.
• Accounts here with UK banks and building societies are deposits protected by the FSCS; NS&I's are 100% backed by HM Treasury. Each provider's details are under its table.