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With a Junior Cash ISA, what happens when the child reaches 18?

We’ll write to the child shortly before their 18th birthday to let them know the options available to them once they turn 18.

Once the child turns 18, there are two options:

  • If they have opened an adult ISA account, they can transfer the account to an ordinary savings account and continue to save with us. For more information on our savings accounts, please visit our savings product pages.
  • Alternatively, they can close the account. All of the funds must be withdrawn or transferred in one single amount - multiple withdrawals cannot be made.
If the child has not become the Registered Contact on the account before they reach 18, they will need to provide us with certain details to allow us to confirm their identity and the details of another bank account they hold before they can access the money in the account.

If the child doesn’t let us know what they would like to do with the funds, the account will remain tax-free.

For more information, please see With a Junior Cash ISA, what is a 'Registered Contact'?

The current rules for ISAs are subject to change by HM Revenue & Customs and the value of tax benefits depends on individual circumstance.
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