Junior ISA Portfolio
The Junior ISA Portfolio (JISA) is available on the Aviva Platform and is an Individual Savings Account where your client can put money away for their child, tax-efficiently, that the child can access once they reach 18.
By saving the maximum annual allowance from when a child is born to their 18th birthday your client could put away £162,000 for your client's child’s future, assuming there are no changes to the current rules and limits.
Tax-efficient
This product is a Junior stocks and shares ISA, allowing parents, guardians and family members to invest in a tax-efficient way on behalf of their child
Wide investment range
Thousands of funds and a range of exchange-traded assets
Cash account
Cash account for paying charges and where we can distribute dividends or income ready to be re-invested
Product details
Why Junior ISA Portfolio?
- There is no platform charge for the JISA Portfolio, helping your clients invest in their family’s future
- Access to an extensive range of funds catering for most investment goals and attitudes to risk
- All gains will be free from personal liability to income tax and capital gains
- Easily transfer previous JISAs held with other providers
- JISA allowance reporting functionality which lets you calculate and display unused JISA allowances for clients
- Re-registration functionality for fast, efficient transfers without taking your client’s child's money out of the market
| Features | Detail |
|---|---|
| Payments | • Parent or legal guardian of the child can make initial payments by cheque or electronic transfer •Parent or legal guardian of the child can make regular payments by direct debit - monthly, quarterly, half yearly or yearly • This flexibility lets you and your clients plan when to make deposits into their JISA Portfolio during each tax year |
| Cash account | • The JISA Portfolio includes a cash account. We pay dividends and income back into the account, ready to be reinvested • We'll take the pre-arranged adviser charges, Aviva charges, and stockbroking charges from the cash account • The cash account is held with one or more external account providers of our choice. The interest rate is variable and can be negative. View current cash account providers and information |
| Investment range | The JISA Portfolio offers you a wide range of investment options for your clients. Choose from: • thousands of funds • a range of exchange-traded assets including equities, ETFs and investment trusts • a range of managed portfolios from a large number of Discretionary Investment Managers |
The value of investments can go down as well as up and investors may not get back what they put in. Tax rules may change in the future and will depend on your client's individual circumstances.
Facts and figures
Platform charges
For more information on the Aviva Platform charges and examples of how the charging works, please see the Aviva Platform due diligence toolkit.
| Portfolio value | Aviva charge |
|---|---|
| £0 and over | 0% |
OCF/TER fund manager charges
Most investment fund managers make an initial charge for investing in their funds.
Fund managers will also take charges that depend on the investments chosen. These charges will be expressed as the ongoing charge figure (OCF) or total expense ratio (TER). These cover the charge made by the fund manager for managing the investment as well as expenses incurred by the fund. Please note the OCF and TER are variable and may change over time.
Equity dealing charges
We’ve appointed Winterflood Business Services as our nominated stockbroker to carry out equity dealing on behalf of your clients when they invest through the JISA Portfolio. The equity trading costs table shows the charges for equity dealing.
| Equity trading costs | |
|---|---|
| Per individual trade | £4.99 |
| Per trade within a model portfolio | No charge |
| UK exchange-traded investments electronic transfers in or out | No charge |
| UK exchange-traded investments transfers in or out using a paper certificate (not electronically) | No charge |
JISA Portfolio
| Junior ISA Portfolio limits | Minimum | Maximum |
|---|---|---|
| Age | Parent or guardian taking out the JISA - 18 Child - from birth | Parent taking out the JISA - no maximum age Child - 17 (Applications and transfers are accepted prior to child's 17th birthday) |
| Initial contribution | £1,000 | Subject to HMRC limits |
| Regular contributions | £25 a month | Subject to HMRC limits |
| Additional lump sum | £100 | Subject to HMRC limits |
| Transfer | £1,000 | - |
| Fund switch amount | - | - |
| Account balance | £250 | - |
| Balance for each fund | £50 | - |
Client suitability
Who may the Junior ISA Portfolio be suitable for?
- Clients who wish to invest £25 a month or a lump sum of at least £1,000 for the future benefit of their child
- Clients who are comfortable that their investment on behalf of their child may rise and fall in value over time
- Clients who understand there is a risk that their child may get back less than what was invested for them
- Clients who understand JISA is a long-term investment for their child, and understand the money cannot be accessed until the child's 18th birthday
Adviser remuneration
Adviser Charge
The ongoing advice charge is available for the JISA Portfolio, which will allow your client to pay for advice from within their investments.
|
| Ongoing advice charge – regular, single or transfer payments |
|---|---|
| Duration | Spread - specify either a number of months or an end date |
| Frequency | Weekly |
| Calculation method | £ or % of fund value |
| Additional info | • You can choose to start the ongoing advice charge at a future date – it doesn't have to start immediately • The ongoing advice charge will be taken from the actual fund • The ongoing advice charge payment can't be greater than the portfolio value • You can increase, decrease, stop or start the ongoing advice charge at any time, but we will need confirmation from your client • The ongoing advice charge payment is limited to the term of the portfolio. |
Business support
Get more from the Aviva Platform
We’ve designed the Aviva Platform to be easy and straightforward to use. And we’ve got a range of support in place to help you get the most out of it:
- Regionally based wealth development managers providing face to face and telephone support to help you use the platform for your day-to-day business. Our team consists of experienced consultants who have attained the high standard set by Aviva for account management
- You can call dedicated platform service and support teams on 0800 056 4607 - lines are open Monday to Friday, 8.30am to 5.30pm
- Download our guide to everything you need to know about due diligence and the platform
- Step-by-step 'how to' guides to help you use and work with the platform
- Online product literature and sales support from our product literature library
- Demos to help you navigate, manage and transact business on our platform (email DISTPAC@aviva.com)
Adopting the Aviva Platform for your business
Our platform adoption and development team can help set up the Aviva Platform for you and turn it into an essential part of your business. We offer:
- a demonstration of how to use the platform functionality
- user guides so you can go at your own pace
- access to reference material
- an online document library with information about all our products
- an investment centre with information on all our funds, including fund group profiles, performance data, portfolio functionality and income analysis
Tax-efficient investing on the Aviva Platform
Transcript for video Transcript
For adviser use only. Not for use with customers.
Junior ISA Portfolio – 0% Platform Charge
More wealth is passing from generation to generation in the UK*
Increasing the importance of intergenerational planning.
To help your clients invest in their family’s future
We’ve been working on a new arrival of our own
It’s tax-efficient
With thousands of funds
Over 100 Discretionary Investment Managers
And a range of exchange traded assets
You asked. We delivered.
Congratulations! It’s a Junior ISA!
Your clients can invest in a stocks and share Junior ISA, on behalf of their child.
And, it’s simple to transfer Junior ISAs from other providers to Aviva.
Building on strong foundations by widening our existing product offering,
with a wide range of investment solutions and tax wrappers.
The Junior ISA Portfolio.
0% Platform charge.
Visit our adviser website today
*Source: Kings Court Trust. Research paper 1: Passing on the pounds.
Aviva Wrap UK Limited. Registered in England 4470008. Aviva Wellington Row, York, YO90 1WR. Authorised and regulated by the Financial Conduct Authority. Firm Reference Number 231530.
LF01166 09/2024
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