Your Junior ISA/Child Trust Fund
The good news is that the Government has arranged for you to have a special savings account called a Junior ISA or a Child Trust Fund and has put money aside to open it for you. Your Local Authority has had to provide enough information for the account to be opened for you, and all local authorities in the UK have done this.
Our job at Sharefound is to:
- open the account at one of the Junior ISA providers who's working with us and is best for your needs (note: Child Trust Funds were opened within one year of your birth, and administration of that scheme was transferred to The Share Foundation in Autumn 2017);
- make sure it's being run properly and supply information on its progress to your Local Authority and, if you or your carer ask them to give us your details, we'll keep you informed too;
- provide guidance on how to manage your money including, once you're 16, your Junior ISA or Child Trust Fund if you wish - try downloading from the links below;
- raise extra money which can build your account so it can be really helpful once you reach 18.
'Making Your Money Work For You' is a really helpful guide to handling money - click on the age range that's right for you: