Open a Junior ISA
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The value of investments and any income from them can fall and you may get back less than you invested.
With a stocks and shares Junior ISA, there is no income tax or capital gains tax to pay on the investment returns. You can invest up to £4,368 on behalf of each child in the 2019/20 tax year, but they won’t be able to access the money until they are 18. Any tax advantages mentioned are based on personal circumstances and current legislation which is subject to change.
At Brewin Dolphin we specialise in investment management, which is why we have used our expertise to develop a stocks and shares Junior ISA (and why we don’t offer a cash ISA). This has the potential to deliver higher returns than a cash Junior ISA, but it does involve more risk and the value of your investments can fluctuate.
Choosing one of our stocks and shares Junior ISAs gives you access to our years of investment experience.
We’re committed to keeping our fees as low as we can, to help you make more of your investments.
With a range of six portfolios to choose from you will find one that matches your own attitude to risk and return.
Our portfolios are designed by our in-house research team, giving you access to highly qualified investment thinking.
Before taking advantage of the Brewin Portfolio Service, you will need to decide what level of risk you are comfortable with. Our model portfolios offer six different risk categories. By adjusting the asset mix in each we have made it simple to find a portfolio that is right for you.
You are completely averse to any investments that could put your capital at risk. You accept that, in light of inflation, this is highly likely to have the effect of eroding the purchasing power of your capital. This typically means that your money will be held in cash, building society accounts or national savings.
You are prepared to accept only a very limited risk of loss to your capital. As a result your investment portfolio is likely to be composed of interest bearing assets with limited potential for short or long-term growth. You accept that in light of inflation, this strategy may have the effect of eroding the purchasing power of your capital. This means that you will still typically invest in cash and national savings, but will also have some exposure to fixed income investments (in the form of UK Government securities - gilts) and to equities (in the form of collective investment schemes).
You are averse to risk and therefore not comfortable with significant investments in your portfolio which might put your capital at risk. Preservation of your capital is very important to you and you would like to maintain the real value of your investments against inflation. Your portfolio will typically have some exposure to equities and a proportionately higher exposure to fixed income investments, at least some of which will contain market exposure.
You are not comfortable with having the majority of your portfolio in higher risk investments such as equities. Capital preservation is important to you and you would like to maintain the real value of your investments against inflation. Your portfolio is likely to be more evenly balanced between equities and fixed income investments.
You would like a significant proportion of your portfolio to be in higher risk investments and you are willing to accept a greater short term potential for losses from your overall portfolio, in order to generate potentially higher long term returns. Your portfolio may typically have a higher exposure to equities than fixed income investments and is likely to have low to moderate levels of market volatility.
You are prepared to have the significant majority of your investments in equities in order to achieve higher returns at the expense of greater risk to your capital. Your portfolio will typically have a substantially higher weighting towards equities than fixed income investments and is likely to have moderate market volatility.
You would like to have the opportunity for large scale returns and you are comfortable with having a larger proportion of your capital at risk, and accept the possibility of larger short term losses, in order to achieve your long term investment aims. Your portfolio will typically have a very high weighting towards equities and very low levels of fixed income investments. Your portfolio is likely to have moderate to high market volatility.
You would like to have the opportunity for high returns and you are prepared to accept the possibility of a significant loss of capital in order to achieve these greater potential returns. Your portfolio will typically be almost exclusively invested in equities. Your portfolio is likely to have high market volatility.
You are willing to invest in higher risk and speculative investments to achieve high possible returns and accept the risk of losing all, or a substantial part, of your capital. Typically, this could include very high risk investments such as venture capital trusts, enterprise investment schemes, business property relief schemes and other specialist investments.
You are prepared to make wholly speculative investments, fully aware of and accepting the possibility of losing all of your capital. This could typically be in the form of derivatives and contingent liability investments, which often include gearing, which means you could lose more than your initial capital investment. You are totally insensitive to risk.
Our portfolios are geared to minimise costs. On investments above £2,000 you will pay a total of between 0.81% and 0.86% a year for our service, charged in easy-to-manage monthly instalments.
The fee you pay is made up of two separate charges: an annual charge of 0.7% of the value of your portfolio for each account and charges on underlying funds in which your portfolio is invested. These fund charges are typically between 0.11% and 0.16% per year.
The table below illustrates, in cash terms, exactly how much you will pay for Brewin Dolphin’s management of the Brewin Portfolio Service (BPS). As you can see, the charges rise depending on the portfolio balance. Any other charges that may apply, such as for withdrawals or account closures, can be seen in our Frequently Asked Questions section.
|Service fee @ 0.70%||£14||£35||£70||£105||£350||£700|
|Estimated underlying Annual Fund charges @ 0.16%||£3.20||£8||£16||£24||£80||£160|
|Total Estimated Annual Service Cost||£17.20||£43||£86||£129||£430||£860|
|Charged monthly at:||£1.43||£5.83||£5.83||£8.75||£29.17||£58.33|
The BPS investment minimum is £2,000, however you can start a Junior ISA or a Bare Trust from £100.
UK VAT and Stamp Duty is applied on fees and charges in line with applicable legislation. Other duties, transaction taxes etc. may apply in certain cases in line with overseas law.
Here are some answers to commonly asked questions about the Brewin Dolphin Junior ISA.
JISAs can be opened by a person with parental responsibility for a child under the age of 18. Any money held in the JISA will belong to the child and the person with parental responsibility will be named on the account as the Registered Contact. You can only have one Registered Contact on an account. The Registered Contact will receive all statements and correspondence relating to the account, and will also determine and control which portfolio the monies are invested in. No withdrawal can be made until the child reaches 18.
JISA & Bare Trusts the minimum investment is a lump sum of £1,000 or £100 a month regular contribution.
Prior to the child's 18th birthday we will write to the account holder requesting details of their National Insurance Number. On their 18th birthday the account will automatically become an adult ISA. The responsibility for the ISA will no longer be with the Registered Contact and the child will have the full authority over the ISA. Should the child then wish to subscribe to the ISA, they would have to complete an ISA application.
To find out more about our Junior ISA and the Brewin Portfolio Service check out our detailed frequently asked questions.
Or get in touch with our dedicated customer support team:
Post: Brewin Portfolio Service, Sixth Floor, Atria One, 144 Morrison Street, Edinburgh, EH3 8BR
Opening hours: Monday - Friday 8.00am to 6.00pm and Saturday 8.00am to 12.00pm
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