Charles Stanley Junior ISA Overview
Charles Stanley Direct offers a Stocks and Shares Junior ISA with no initial charges or additional annual fees. You can enjoy all the financial advantages of their service, such as commission-free fund pricing and automatic "clean" conversion on fund transfers (where possible) coupled with the tax efficiency of a Junior ISA. You pay only the annual Platform charge and share dealing fees where applicable.
Who can open a Junior ISA?
Though the money belongs to the child the account must be opened and managed by a parent or legal guardian. However anyone can contribute as long as total contributions don’t exceed the annual allowance of £4,128.
How much will it be taxed?
There is no capital gains tax or UK income tax to pay on the income generated by the investments in a Junior ISA. They do not need to be declared on any tax returns, and it is this simplicity that makes them the first port of call for many parents and grandparents looking to save for their children's future.
Please note that tax rules can change over time and the benefits to the child will depend upon individual circumstances.
- Save tax - shelter up to £4,128 per tax year
- Use your allowance by 5 April 2018 or lose it!
- Only your child can access the money and only then at age 18.
- Automatic conversion to full ISA at age 18
- Transfer in and consolidate Child Trust Funds or existing Junior ISAs
Charles Stanley Direct Junior ISA Fees
|Platform Charge||0.25%||Their maximum platform charge for holding investments is 0.25%. For fund holdings (OEICs and Unit Trusts) the charge can fall as low as 0.05% per annum. For shareholdings the maximum charge is £240 per annum - but if you place 1 or more chargeable trades each month we won’t charge you anything to hold your shares.|
|Fund Trading ||Free||They don’t charge for buying or selling funds.|
|Share Trading (Online)||£11.50||Each time you buy or sell a share they charge £11.50.|