Can a 17 year old person open an ISA only account?
You must be:
- 16 or over for a cash ISA
- 18 or over for a stocks and shares or innovative finance ISA
- 18 or over but under 40 for a Lifetime ISA
- resident in the UK
Who can get a Junior ISA
Your child must be both:
- under 18
- living in the UK
here are 2 types of Junior ISA:
- a cash Junior ISA, for example you will not pay tax on interest on the cash you save
- a stocks and shares Junior ISA, for example your cash is invested and you will not pay tax on any capital growth or dividends you receive
Your child can have one or both types of Junior ISA.