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Can parents withdraw money from a Junior ISA?

The money paid into a Junior ISA belongs to the child. It is only possible for the child to withdraw money from the Junior ISA once they turn 18. There are exceptions to this such as if the child becomes terminally ill or passes away, any money in their Junior ISAs will be paid to whoever inherits their estate. The parent remains in control of the investment until the child reaches their 16th birthday. If you’re new to Junior ISAs or investing, it’s worth reading our guide to choosing the right ISA.

ISA eligibility rules apply.

If you need more information or have any further question, and you are not already a client with True Potential, you can speak to our friendly team on 0191 625 0350 available 7am-8pm weekdays.

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