Junior ISA

Give a child a
tax-free head start

A Stocks and Shares ISA to help you save regularly or with lump sums for a child’s future.

From £30/month

Can be accessed by the child from age 18

Annual and final bonuses

Flexible contributions

Open a Junior ISA Speak to our friendly team

What is a Junior ISA?

A tax-free Stocks & Shares ISA for children under 18. You, and others like grandparents or friends and family, can pay in up to £9,000 per tax year between you. The child can access the pot from age 18.

The Junior ISA is designed for those looking to save (tax-free) for a child over the medium to long term. Offering the flexibility to vary payments, pause and restart, add lump sums or transfer funds from other Junior ISAs or Child Trust Funds.

Invested in our With-Profits Fund with the aim of delivering a cash beating return over the medium to long term. This may be appropriate for those looking for flexibility and consistent growth without the same level of risk as a pure Stocks & Shares Junior ISA

A child can have one or both types of Junior ISA (Cash and/or Stocks & Shares), but only one of each type. Children born between 1 Sept 2002 and 2 Jan 2011 may have a Child Trust Fund (CTF) instead of a JISA. You cannot hold a JISA and a CTF simultaneously, but you can transfer a CTF to a JISA. Speak to one of our friendly team and they will be happy to help.

Open a Junior ISA Speak to our friendly team

At a glance

Age 

Under 18

Min. Investment

From £30 per month (up to £9,000 per tax year)

Recommended Term

Medium to long term (ideally 5 years or more)

Access

From age 18.
5% deduction on transfers during year 1 and 3% during year 2

Returns 

Annual and Final Bonuses (share of the With-Profits Fund performance)

Risks 

Return linked to With-Profit Fund performance.

Quick links

Transfer your Junior ISA Top-up your ISA What is With-Profits? Jargon Buster Police Pay Guide

Made for the Police Family

Better protection

Our policies are fully protected by the Financial Services Compensation Scheme (FSCS). Designed to keep your savings safe if a provider fails, giving you peace of mind.

Built for the Police Family

A Friendly Society serving the UK Police Family for 130+ years.

Member-owned

As a mutual, all profits are returned to Members through bonuses and in support of the wider Police Family.

All serving and retired Police Officers, Staff and their families are eligible

How it works

Open a Junior ISA for a child, start with a lump sum or pay regularly and top-up. Let it grow until age 18 or beyond.

Open the Junior ISA

A parent, legal guardian or a 16–17‑year‑old can open the ISA online or speak to one of our team and open it over the phone.

Set up regular saving and top‑ups

Choose your monthly amount, decide whether to automatically increase it each April with the Escalator option, and add lump‑sum top‑ups when you wish.

Let it grow until age 18 and beyond

Keep building their savings till age 18 and they can access the funds, continue to save or reinvest into another product

Calculate your savings

Use our calculator to see how your savings could grow over time, or set a goal and find out how much you need to save each month to reach it.

Annual Contribution Limit Maximum £9,000 per year

Your Junior ISA

Based on your target, here's what you need to save

Monthly contribution (daily interest)

£76.59

Breakdown

Your contributions

£20,680.60

Total Savings

£25,850.75

*Based on 2% annual return. Subject to ISA limits.

Open a Junior ISA

Escalator

Grow their pot faster by automatically increasing your monthly contribution each year.

You can add the escalator when you open the Junior ISA
Choose an amount to increase it by when the new tax year starts each April
We will let the payer know before the amount saved increases and you have the flexibility to change it
Increasing your regular savings by £20 a month at the start of each tax year will help you put away £2,400 more over 5 years

Learn more about the Escalator

Key Information

Before you open your Junior ISA, please read the key information below.

Product guide

Comprehensive guide covering all aspects of the Junior ISA product and features.

Download PDF

Key Information Document

Detailed information about your Junior ISA, including features, risks, and costs.

Download PDF

Application form

Don't want to apply online? Speak to our friendly team or alternatively download your application form.

Download PDF

Transfer application form

Looking to transfer an ISA or Junior ISA, speak our dedicated transfer team or download your form here.

Download PDF

30-day cooling-off period

You have 30 days from opening your account to change your mind. If you cancel within this period, you'll receive a full refund of your contributions, though investment gains or losses may apply.

Market Value Reduction (MVR)

With-profits funds may apply a Market Value Reduction if investment markets have fallen. This adjustment ensures fair treatment for all investors and protects those who remain invested.

Penalties on withdrawals / transfers

No access the Junior ISA until age 18 but it can be transferred to another provider. 5% deduction within first 12 months of opening and 3% deduction from months 13-24.

You can transfer existing Junior ISA funds into a Junior ISA. Speak to our friendly team who will mange the transfer process for you.

A child can have one or both types of Junior ISA (Cash and/or Stocks & Shares), but only one of each type. Children born between 1 Sept 2002 and 2 Jan 2011 may have a CTF instead of a JISA.

You cannot hold a JISA and a CTF simultaneously, but you can transfer a CTF to a JISA. Speak to one of our friendly team and they will be happy to help.

The parent or legal guardian can open online in a few minutes by clicking 'Open a Junior ISA' or alternatively, speak to one of our friendly team to open the ISA over the phone.

As a NARPO Member, I’m proud to say that Police Friendly & Metfriendly has delivered financial security for me and my family.

Craig Haslam, DL FGPT, Retired Chief Superintendent

Your presenters were really good and explained what can be complicated and complex matters, in a simple and easy to understand format.

Pre-retirement seminar attendee

Little bits of saving down the line can make a huge difference to your family, whatever the future brings.

Emma Richards, third generation Retired Police Officer, Police Friendly & Metfriendly Non Executive Director

I have always been pleased with the returns from my Police Friendly & Metfriendly Policies.

Mr P Payne

With the Government’s Lifetime ISA bonus and my family chipping in, I was able to buy my first home sooner than I ever dreamed.

Mr B

Great opportunity for family Members to be offered the same offers as Members.

Miss A McLeary

Contact us directly

Get free, personalised guidance on your savings and investment options.
For serving, former and retired Police Officers, Staff and their families.
A 20-30 minute session with one of our friendly team.

Call us today

08:30 to 17:00 Monday to Thursday and 08:30 to 16:30 on Friday.

01689 891454

Send a message

Get in touch using the email below or fill in the form to get a call back.

info@mpfs.org.uk

Office

MPFS, Central Court,
Knoll Rise,
Orpington
BR6 0JA

Get directions

Request a callback

Want to talk to one of our friendly team about your options? Drop your details on the form below and we will get in touch.

Give a child a
tax-free head start