Can under 16's take out a cash ISA?

by , 5 Jul 2012Open Question

Answers

add your answer here

Hi,

Sadly not, 16 is the minimum age for cash ISAs as they require an NI number, and it's 18 for investments due to contract and credit laws considering under 18s to be minors and unable to enter financial contracts.

However, under 16s may be eligible for a child ISA.

by G-Man, 5 Jul 2012

Hi freeseered, welcome, click here for a selection of Junior Isas
http://www.money.co.uk/savings-accounts/junior-isas.htm

by Priceless, 5 Jul 2012

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