The value of the fund's assets will go down as well as up. This will cause the value of your investment to fall as well as rise and you may get back less than you originally invested.
Tax rules for both Junior ISAs and ISAs may change in the future and their tax advantages depend on your individual circumstances.
Junior ISAs are available to UK resident children who do not have a Child Trust Fund (CTF) account. However, Parents and Guardians now also have the choice to transfer a child’s existing CTF into a Junior ISA.
Should you already have a CTF account or want to invest more than the Junior ISA limit, there are alternative routes to access the long term growth potential through The M&G OEIC or The M&G Savings Plan.
A Junior ISA must be opened by someone with parental responsibility or legal guardianship for the child. This person will be the ‘Registered Contact’ for the account.
The M&G Junior ISA investment limits
|Investments minimums (per fund)
|By monthly Direct Debit
||By lump sum investment
|Initial amount of £10||Initial amount of £500|
|Top-up amount of £10||Top-up amount of £100|
The majority of M&G OEIC funds are available in the M&G Junior ISA.
Only the nominated share class for each fund is available for the majority of funds in The M&G Junior ISA
There are no entry or exit charges when you invest in The M&G Junior ISA. An ongoing charge will still apply, please see the relevant Key Investor Information Documents (KIIDs) for details.