Individual Savings Accounts: Children
Commons · Question 32943 · Tabled 24 Feb 2025 · Treasury · Official record
Answered 27 Feb 2025
Question
Asked by Gregory Campbell
To ask the Chancellor of the Exchequer, pursuant to the Answer of 13 February 2025 to Question 30044 on Individual Savings Accounts: Children, if she will change the rules on eligibility for ISAs to permit grandparents to take out ISAs for grandchildren w
Answer
Answered by Emma Reynolds, 27 Feb 2025
To ensure that the ISA regime remains simple and sustainable, placing a restriction on who can open and manage a Junior Individual Savings Account (JISA) prevents more than one JISA of each type (cash or stocks and shares) being opened in error and ensure...