How do I make subscriptions to my IBUKL Junior Stocks and Shares ISA?

Interactive Brokers (U.K.) Limited (IBUKL) only offers stocks and shares ISAs (including, Junior Stocks and Shares ISAs).

IBUKL does not offer cash ISAs (including, Junior cash ISA) or flexible ISAs (including, Junior flexible ISA). A flexible ISA means you can take money out, but it will count towards your annual ISA allowance if you pay it back in the same tax year. QROPs (Qualified Recognised Overseas Pension Schemes) and PRSAs (Personal Retirement Saving Accounts) are also not supported…

You can make one-off payments (wire transfers deposits) as and when you choose, but the combined total of all payments (or subscriptions) must not exceed any given annual tax year allowance.

Interactive Brokers accepts wire transfers only, and there is a minimum subscription amount of £1. Your IBUKL Stocks and Shares ISA can only have GBP cash…

No. You can only open an IBUKL Junior Stocks and Shares ISA under a GBP cash account type. A cash account requires that all transactions are made with available cash or long positions.

Additional Information…

If you have accidentally paid too much into your child’s Junior ISAs your child will not get any tax relief on the excess payments you have made. The Junior ISA allowance is a combined annual limit across both types of Junior ISA: cash, and stocks and shares…