Junior ISAs and Child Trust Funds are long-term, tax free savings accounts for children under the age of 18 living in the UK.
Junior ISA and Child Trust Fund limit for 2016/17 is £4,080.
With effect from 6 April 2017, the Junior ISA and Child Trust Fund limit will increase to £4,128 in line with the Consumer Prices Index.
It is no longer possible to open a new Child Trust Fund but you can continue to add funds up to the limit on existing Child Trust Funds.
Junior ISAs can continue to be opened provided you do not have a Child Trust Fund.