Savings accounts for children: Can grandparents open a Junior ISA? | Personal Finance | Finance
Who is eligible for a Junior ISA? To qualify, the child must be under the age of 18 and living in the UK. There are some exceptions or children who live outside of the UK, however. A child living outside of the UK can get a Junior ISA if their parent is a Crown servant, who they depend on for care. ISA stands for Individual Savings Account and they are a way of saving tax-free (Image: GETTY) READ MORE It's also not possible to have a Junior ISA as well as a Child Trust Fund. "If you want to open a Junior ISA ask the provider to transfer the trust fund into it," GOV.UK states.
Source: express.co.uk