About KidSave Designed for Growth

How the KidSave account is designed for growth

  • Low fees
  • Investment return, not interest
  • Tax free growth potential

Pay less, save more

Our fee is one of the lowest and unlike many others there are no minimum contributions or other extra charges.

By paying less for our service you are saving more for your children’s future.

For example: If you saved £1,000 and were paying 0.5% rather than 1.5% over 18 years, that’s £180 extra for your child before any growth.

We charge just 0.5% with no extra charges or minimum requirements.

Your fees
Our fee (annual) 0.5%
Fund provider fee 0.15%
Total 0.65%

Note: Others run their own funds so fund fees included in comparison.

Charges Minimum
KidSave 0.50% £0
Fidelity £25 pa + charges £50/month
Hargreaves Lansdowne 0.45% + charges £25/month
Interactive Investor £80 pa + charges £25/month

Note: No fund charges shown as all allow choice of different funds with different fees.


Stocks and shares for long term growth

Growth per annum 1969 - 2018

For example: Over 50 years UK Shares returned over four times more than Cash as the ups and downs of shares were compensated for by higher growth. Source: Barclays Equity Gilt Study 2019.

Investments can be a great way to grow your money.

Many people chose stocks and shares when saving over longer periods as growth can compensate for the ups and downs.

KidSave is a Stocks & Shares Junior ISA allowing you to save for your child tax free.

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Why do I need to start saving now?

It may seem a long way off, but before you know it your child will become a young adult needing a car!

KidSave helps you put money aside for things your child will need at adulthood.

Many parents get a shock as they realise how much more things cost! Be it driving lessons, college or a place of their own, we’ll help you be prepared.

Check out our tool and see what you could save. Start today and the sooner it will add up.

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Still have questions?

Here are answers to some of the most common ones

Who is eligible for a KidSave Junior ISA?

To open a KidSave Junior ISA, you must be over 18 and a parent or legal guardian of the child for whom you wish to open the account. The child must be a UK permanent resident aged under 16. We do not accept applications from US citizens.

If the child has an existing stocks & shares Junior ISA or Child Trust Fund, you must transfer it to KidSave as HMRC rules do not allow children to have more than one. It is simple to do: we will ask you to confirm details of the existing account and will then handle the transfer.

What is the Junior ISA allowance?

The annual contribution limit is £4,380 for 2019/20. Any contributions over this limit (or accounts where the child becomes ineligible for a Junior ISA for any reason) may at our discretion be invested through a general investment account (GIA) designated for the child until there is room in the tax free contribution limit in a following tax year. (The GIA does not have any tax benefits and any income and capital gains may be liable to personal tax).

Who can contribute to the KidSave Junior ISA?

Unlike many Stocks & Shares Junior ISAs, we have no minimum contribution limit. After you have applied, we will open the KidSave Junior ISA when we receive the first contribution which can come from:

  • KidStart savings earned by you on your shopping through KidStart
  • one-off or regular contributions from you; and/or
  • one-off or regular contributions from others, such as grandparents, that you invite.

What happens when the child reaches 18?

Prior to their 18th birthday, we will contact the child through you to advise that they will become the owner of the Junior ISA and can access the savings as they see fit. On the child’s 18th birthday, the Junior ISA automatically converts into an adult ISA and the child will become legally entitled to manage the account. We will explain to the child how they can take over the account at that point.

Under HMRC rules, money cannot be withdrawn before the child’s 18th birthday except in the case of the child’s death or a terminal illness.

Does KidSave have any charges?

KidSave has a simple and inexpensive fee structure, which consists of:

  • An annual management fee equal to 0.5% of the value of the KidSave account
  • The funds we offer have annual charges deducted from the funds themselves of 0.12-0.15%

More details on charging are available in the terms and conditions; for example we may charge for paper copies of statements.

Can't find the answers you are looking for?

Please refer to our complete KidSave FAQs for more information.

KidSave helps you to save more together

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