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What is the 2020/21 Junior ISA allowance?

You can contribute up to £9,000 per child this tax year and the allowance will increase with inflation each year. A tax year runs from 6 April one year to 5 April the next.

There are two types of Junior ISA:

You can open a Cash Junior ISA and a Stocks & Shares Junior ISA for a child provided you do not subscribe more than the annual contribution limit.

Children will only be able to hold one Cash Junior ISA and one Stocks & Shares Junior ISA at any time.

Hargreaves Lansdown offers the Vantage Stocks & Shares Junior ISA, we do not offer a Cash Junior ISA.

Please note that investments in a Stocks & Shares Junior ISA can fall in value as well as rise, and you could get back less than you invest.

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