Junior ISA (JISA) Child Savings Account | POIS

Junior ISA Top Ups

An ISA for 
The next generation

For any parent, knowing your child has a secure future is absolutely priceless. By topping up your child’s Junior ISA, you are making the most of the £9,000 annual allowance and helping towards their future. When they’re 18 they will have a savings pot they can put towards the next step in their life.

Why top up your child’s Junior ISA?

A simple, affordable way for you to save up to £9,000 this tax year for your child.

Make regular payments from just £26 per month, lump sums of at least £500 and top ups of at least £50. Family and friends can pay in too – making a top up a perfect alternative for birthday and Christmas presents.

Your money is invested in a Foresters Friendly Society fund which gives you access to investment types you cannot get directly.

Access to membership benefits including discretionary grants to help cover the cost of things like higher education and healthcare costs.

How would you describe POIS to someone who had never heard of them?

“A very personal, customer friendly service which allows you to take advantage of additional savings opportunities with a number of additional benefits.” POIS Member

“A great way to save for the future.” POIS Member

READ MORE

Ready to make the most of your child’s ISA allowance? Top up today!

Added value for your child – Member Benefits

Taking out a Junior ISA is only the start. By doing so, your child will become part of the POIS family which is now a part of Foresters Friendly Society, a well-established UK friendly society. This means they can enjoy some wonderful, unique benefits such as discretionary grants to help with higher education costs when the time comes and to support life’s ups and downs. In 2023, we gave back over £1.72 million to our POIS and Foresters members in the form of discretionary grants and charitable donations.

Find out more

Common questions

Can I still open a Foresters Friendly Society Junior ISA?

Junior ISA’s are no longer available to open with Foresters. But on the plus side, we do offer other Children’s saving plans such as our Child Tax Exempt Savings Plan which can be used to save for their future.

Can I transfer an existing Junior ISA to Foresters Friendly Society?

We no longer accept transfers of Junior ISA’s.

Can I open more than one Junior ISA?

Your child can have a Cash Junior ISA, a Stocks and Shares Junior ISA, or both.

If they have both, you must still stay within the annual Junior ISA allowance every year. You don’t get two allowances because you have two ISAs.

A Junior ISA is also different to an adult ISA, where adult ISAs allow you to have more than one ISA account from different tax years, your child can only hold one cash Junior ISA and one stocks and shares Junior ISA. So if your child already has £5,000 invested in a stocks and shares Junior ISA and you would like to open a new stocks and shares Junior ISA with Foresters, you will need to transfer the £5,000 into the new plan.

Are there any charges?

There is an Annual Management Charge of 2% of the value of your Junior ISA which covers the costs of administering the Junior ISA for you. Charges are deducted upfront before any bonuses are declared, so there are no additional charges for you to pay.

It is possible that the charge could change in the future, but Foresters Friendly Society promise it will never exceed 3% of the value of your Junior ISA in any one year. Take a moment to read the relevant Junior ISA Key Information Document and Important Information for more information about charges.

Where is my money invested?

Your money is invested in Foresters Friendly Society’s With Profits Order Insurance Fund. Depending on how the fund performs, we aim to add annual bonuses and a final bonus to your child’s Junior ISA. This is to boost their plan’s value. The addition of bonuses is not guaranteed.

You’ve worked hard for the money you invest, so extra good care is taken with it. That’s why your money is spread across a number of different types of investments to help minimise risk and increase the potential returns. By doing this your money can benefit from exposure to a range of asset classes which may include equities (company shares), fixed interest bonds (government and company), property and cash.

How much interest does the Junior ISA plan pay?

As your money is invested in the Foresters Friendly Society Order Insurance with profits Fund, rather than paying interest the value of your child’s Junior ISA has the potential to grow through the addition of bonuses. What growth the Junior ISA receives will depend on how well the fund performs.

The following annual bonus rates have been declared for the Junior ISA:

Year Annual Bonus Rate
2022 1.25%
2021 1.25%
2020 1.25%
2019 1.75%
2018 1.75%

The annual bonus rate is applied to how much you have invested plus any annual bonuses that have been previously added.

Please remember that bonuses are not guaranteed. Your child may also not get back the full amount originally invested, dependent on the investment conditions at withdrawal.

Please read Foresters Friendly Society’s Principles and Practices of Financial Management (PPFM) to find out more about the addition of bonuses and how we manage our fund.

The product design may vary to best meet the needs of policyholders which may affect the timing and size of future bonuses. Therefore the bonus rate provided above is for information purposes only and should not be considered an indication of likely future performance.

Can withdrawals be made from a JISA?

No – the Junior ISA is designed for long-term growth and legislation states that no one can access the funds before the child turns 18.

What happens when the child turns 18?

Once your child turns 18 they will be able to access their Junior ISA savings. Their lump sum can either continue to be invested as an adult ISA, or the money can be released and used for whatever they need it for. University fees, for example, saving towards a deposit on a house, or even buying their first car.

What would happen if the person paying contributions passes before the child reaches 18?

As the plan is held in the child’s name and is designed to allow anyone to pay into it, the Junior ISA will continue until the child turns 18.

Ways to top up a Junior ISA

1

Online

Set up a regular monthly direct debit, or use your debit card to make a one-off, secure payment. Top up online now.

2

By phone

Call us on 0800 622 417 and we can set up a regular monthly direct debit, or take a one-off payment from your debit card over the phone.

 

TOP UP TODAY

We’re here if you need help or have any questions

If you have any questions that we have not yet covered or just want to talk your application through, please give us a call. Our friendly UK based team are on hand to make things as easy as possible (lines are open Monday to Friday 9 am to 5 pm).

Call free on 0800 622 417