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Can I transfer my Junior Cash ISA to another provider?

Although money cannot be withdrawn from a Junior Cash ISA until the child turns 18, it is possible to transfer the money held in a Junior Cash ISA to a different provider. A child cannot hold more than one Junior Cash ISA and one Junior Stocks and Shares ISA at any one time.
The following can be transferred:
  • all but not part of the funds saved in an existing Junior Cash ISA can be transferred to a new Junior Cash ISA.
  • all or part of the funds in a Junior Cash ISA saved in a previous tax year can be transferred to a Junior Stocks and Shares ISA.
  • if all of the money held in a Junior Cash ISA is transferred into a Junior Stocks and Shares ISA a new Junior Cash ISA can be opened.

Anyone over the age of 16 can open an adult Cash ISA, so it is possible for a Child between the ages of 16 and 18 to have both a Junior Cash ISA and adult ISA at the same time. However, it is not possible under HMRC Rules to transfer money between a Junior Cash ISA and adult Cash ISA.
Please note that it is not possible for a child to hold a Tesco Bank Junior Cash ISA and Tesco Bank adult Cash ISA at the same time.
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