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Junior Cash ISA

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Yes, however Tesco Bank do not offer stocks and shares Junior ISA's. Learn more about ISA's by visiting the HMRC website.
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If there has been a change to the child's address please call us on 0345 678 5678* or write to us at:   Tesco Bank PO Box 27017 Broadway One Glasgow G2 9FH   *This number may be included as part of any inclusive call minutes provided by your phone operator.
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We will provide the Registered Contact with a statement free of charge each month when there has been any activity on the account excluding credit interest.   We'll also provide the Registered Contact with an annual statement on the anniversary of your account opening. If you have opted to go paperless on your account, we'll contact you by email or text to let you know that your statement is ready to view electronically.
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You can pay money into your account in the following ways:   1. Contact your account provider or use their online banking service to make a one-off payment into your Account or set up a Standing Order to make regular payments. You’ll need your Tesco Bank Savings sort code and Account number to do this – you’ll find this on your statement or your welcome letter.   2. Post a cheque made payable to the child, to: Freepost RTGU-ULZJ-XYTK, Tesco Bank, PO Box 4943, Lancing BN11 9YL. Please remember to include your product name, sort code and account number on the reverse of the cheque.   3. You can move funds from another account you have with Tesco Bank using Online Banking or the Mobile App.   4. If Your Tesco Bank Junior Cash ISA Accepts Transfers In, transfer from another ISA using the ISA transfer process.   You can only deposit into a Junior Cash ISA up to the annual subscription limit each year.
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From 5th April 2015, the Government announced that Child Trust Fund (CTF) account holders would be able to transfer the whole of their CTF funds into a Junior ISA
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The account will earn interest at our standard Junior Cash ISA interest rate (which is variable) plus any fixed bonus interest rate available at the time of applying for the account.   The Key Features Document enclosed with the Welcome Pack confirms the annual interest rate which applies to the Account and when this rate will end.   Interest is calculated daily and paid annually, on the anniversary of the account opening. The interest paid is tax free. Please note that if money is paid in by cheque, this will not start earning interest until 2 working days after we receive it.   The Registered Contact can also find out how much interest the account is earning by calling us on 0345 678 5678* or by checking our interest rates by logging into Online Banking.   *This number may be included as part of any inclusive call minutes provided by your phone operator.
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No, apart from the right to cancel, money cannot be taken out of the Account until the child turns 18.   For further information, see Can a Junior Cash ISA be cancelled?    It is however possible to transfer a Junior Cash ISA to a Junior ISA with another provider.   In exceptional circumstances withdrawals may be allowed, for example, where the child is diagnosed with a terminal illness. We need permission from HMRC to do this. For more information about this please call us on 0345 678 5678*.   *This number may be included as part of any inclusive call minutes provided by your phone operator.  
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A linked account is an account you have told us about and held in your name at another bank in the UK or another Tesco Bank account.   You can use linked accounts to move money out of your Junior Cash ISA Account. To view or add a linked account, login to Online Banking, visit the Move Money section and select Manage Linked Accounts and Payees. When you add a linked account we check that you are the owner of that account and that you are authorised to make payments to it. If this check doesn't complete successfully, you may be asked to send proof of ownership.
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The transfer should complete within 15 Business Days of receiving your form.   We’ll start paying interest the day the existing ISA provider sends the money to us or 16 Business Days after we receive the form (whichever is earlier).
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The Junior Cash ISA annual subscription limit for 2018/19 has increased to £4,260. So you’ll be able to earn tax free interest on your ISA savings up to the increased amount. It’s important to note that the current rules for ISAs are subject to change by HM Revenue and Customs and the value of tax benefits depends on personal circumstances.
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