Individual Savings Accounts: Children
Commons · Question 30044 · Tabled 10 Feb 2025 · Treasury · Official record
Answered 13 Feb 2025
Question
Asked by Gregory Campbell
To ask the Chancellor of the Exchequer, if she will review eligibility rules to allow grandparents to take out share based ISAs for grandchildren.
Answer
Answered by Emma Reynolds, 13 Feb 2025
To ensure that the Junior Individual Savings Accounts (JISA) regime remains simple and sustainable, HMRC specify who can open and manage an account to prevent more than one JISA of each type (cash or stocks and shares) being opened in error. It also ensur...