J is for Jisa
The Nucleus Jisa account
A key part of your client’s financial holdings
The Nucleus Junior Isa (Jisa) account is a tax-efficient stocks and shares investment account for children. We’re in the final stages of testing and are looking forward to launching our Jisa toward the middle of February. Read on to find out more about the Nucleus Jisa.
The Nucleus Jisa account at a glance
Transfer a Child Trust Fund (CTF)
The Nucleus Jisa allows transfers of a CTF
Bed and Jisa
The registered contact can carry out a Bed and Jisa from parents’ accounts directly on the platform
Unlimited direct debits
The Nucleus Jisa permits an unlimited number of direct debits on different days into the account.
Linked account view
You can easily see an overview of parent's accounts and Jisa accounts in one place
The Nucleus Jisa has access to the model portfolio functionality
What else does it offer?
Payments can be made flexibly through single or regular payments
Regular payments can be increased, reduced, started or stopped at any time
We accept re-registrations and transfers from CTFs or existing Jisas without charge
Your clients can choose from over 6,000 assets
A to Z of tax year end
The Jisa offers an excellent opportunity to support your clients in planning for the tax year end. Jisa carries a subscription limit for this tax year of £4,260, meaning clients can maximise tax allowances while investing in their childrens’ or grandchildrens’ futures. Check out our comprehensive tax-year end support page for technical factsheets on tax year end opportunities surrounding Jisa and Isa, pensions and more.
A child is eligible to open a Jisa if they’re resident in the UK and under the age of 18 and don’t have a Child Trust Fund (or if they’re transferring a CTF into the Jisa). A child under 16 can’t complete a Jisa application themselves. Only a person with parental responsibility can complete the application.
The overall Jisa subscription limit is £4,260 for the 2018/19 tax year (£4,368 for 2019/20). This can be split over a cash Jisa and a stocks and shares Jisa. If the full subscription isn’t used within the tax year, it will be lost. There’s no opportunity to carry it forward, so it’s important to ‘use it or lose it’.
A Jisa account must have a registered contact and, most often, this will be the person who completed the Jisa application. There can be only one registered contact for a Jisa at any time and they are the person authorised to give instructions about the management of the account.
Get in touch
To find out more about the Nucleus Junior Isa and how we can support you deliver great outcomes for your clients, fill in your details and we’ll be in touch.
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