Your Junior ISA will grow into an adult Stocks & Shares ISA. From that day, the money belongs to you — and only you can decide what happens next.
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Royal Bank of Scotland Junior ISA
Turning 18? Here’s what happens to your Junior ISA
Over longer periods of time (five years or more), investments such as stocks, shares and funds have the potential to give you higher returns compared to cash savings. But the value of investments can fall as well as rise. Eligibility criteria, fees and charges apply. Tax rules can change, and their benefits depend on your individual circumstances.
Your Junior ISA: what’s changing?
Your Junior ISA will mature on your 18th birthday and will automatically change to an adult Stocks and Shares ISA. Once the money has moved across to the Stocks and Shares ISA you’ll be able to access it.
Before choosing what to do with your Stocks and Shares ISA, you might find it helpful to discuss your goals with someone you trust. It’s important to remember that the final choice is yours. You can take as much time as you need to decide - the money in your ISA will stay invested, so its value may go up or down as markets move.
What is a Junior ISA?
ISAs (Individual Savings Accounts) are savings or investment accounts that allow you to save or invest money without paying any tax on the interest or profits you make.
The Junior ISA is an investment account for children where the money goes into one of our ready-made investment funds that’s invested in the stock market. Your Junior ISA was set up by a parent or guardian to help you save for the future.
The value of your Junior ISA will depend on the amount invested, the fund selected, and the length of time it’s been invested by your parent or guardian. See how the fund has performed.
When you turn 18, your Junior ISA becomes an adult Stocks and Share ISA. Your parent or guardian will no longer be able to manage the account as you’ve become an adult. The money in the account will continue to be invested until you decide to do something else with it and our fees and charges for the account will stay the same.
The money belongs to you, and only you can access it, unless there are exceptional circumstances.
Your adult Stocks and Shares ISA
- The money is invested, and you won’t pay any tax on any profits made.
- You can choose from five investment options based on the risk level you’re happy with.
- You're able to pay up to a total of £20,000 across all ISAs for the current tax year.
- We charge 0.55% of your investment. That’s 55p for every £100 in your investments. Our investment fees in detail.
- We take a responsible investing approach. This means that we consider environmental, social and governance issues of the companies we invest your money.
What you can do next
Now you’re 18, it’s your call.
- Leave things as they are — your money stays put in a Royal Bank of Scotland Stocks and Shares ISA
- Stay with Royal Bank of Scotland and move it to a different type of account
- Transfer it to another ISA provider.
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The value of investments can fall as well as rise and you may not get back the full amount you invest.
Stay with Royal Bank of Scotland
If you’re already a Royal Bank of Scotland account holder, you can move your money to a different savings account with us or to your bank account.
If you want to stay with Royal Bank of Scotland but you’re not already an account holder, you can open an account today.
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Move your money out of Royal Bank of Scotland
If you’d prefer to leave Royal Bank of Scotland, you can either transfer your Junior ISA money to a different Stocks & Shares ISA or withdraw to a different bank account.
If you withdraw to a different ISA you’ll keep your ISA tax benefits when you transfer.
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Further support
Frequently asked questions
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