A simpler approach to Junior ISA charges
We apply an Annual Management Charge (AMC) of 1.5% of the value of your child's OneFamily Junior ISA. It covers the yearly costs of managing their investment.
Our Annual Management Charge is calculated and taken daily from the fund your child's JISA invests in.
Take a look at the supporting documents for our Junior ISA funds to find out more about the Annual Management Charge.
How does the Annual Management Charge work?
The only charge on your child's OneFamily Junior ISA is an Annual Management Charge of 1.5% of the value of your child's account.
The Annual Management Charge is deducted directly from the investment fund, not from the child’s account. This means you won't see any money coming out of your account. In your first account statement at the start of every calendar year you'll see a breakdown of the previous year's charges.
We work out the charge on the last working day of each month. The charge is then taken daily from the fund’s income.
The table below shows how the 1.5% Annual Management Charge might impact your child's Junior ISA.
| Account value | Annual Management Charge (1.5%) |
|---|---|
| £250 | £3.75 |
| £500 | £7.5 |
| £1000 | £15 |
| £2000 | £30 |
Other fees and charges to be aware of
We don't charge you for opening a JISA, transferring it or closing it. The only charge you'll get from us is the Annual Management Charge discussed above.
Other providers might charge you extra fees on your junior ISA. Here are a few we’d recommend looking out for:
- Entry and exit costs (also called 'transfer out' fees)
- Performance fees
- Carried interests
- Dividend reinvestment fees
- Buying and selling charges
- Transfer charges
- Fund switch charges
- Portfolio transaction costs
- Bid/offer spread
- Fund manager charges
- Platform charges
You'll pay different charges depending on which junior ISA you choose, so make sure you check with your provider before investing to make sure there’s no surprise costs, and always seek professional advice if you’re unsure.