Entitlement to an Individual Savings Account
Among the various entitlements that a child in care has are the requirement for the local authority children’s services to provide arrangements for the child or young person to have an Individual Savings Account (ISA).
Download the Statutory Guidance here: Junior individual saving accounts for looked-after children
Information about Junior ISAs for Looked after Children
The Government have contributed £200 for each eligible looked after child.
The Share Foundation, a registered charity, has been authorised by the government to set up and manage Junior ISAs for all looked after children. The Share Foundation also raises funds which it contributes to the Junior ISAs that it manages.
Independent Reviewing Officers – what you should know
The Government have contributed £200 to open a Junior ISA for each eligible looked after child throughout the United Kingdom. All children under your responsibility, who have been continuously in care for at least a year and who do not have a Child Trust Fund, are eligible for a Junior ISA.
The Share Foundation, a registered charity, has been authorised by the Government to set up and manage the Junior ISAs for all looked after children. The Share Foundation is also raising funds which it will contribute to the Junior ISAs that it manages. These may be unrestricted, or restricted by local authority, region or country.
The core data required by the Share Foundation
- Child’s first name and surname
- Gender
- Date of birth
- UK residency
- Date entered care
These details should be sent by the responsible Local Authority GSE secure connection, to The Share Foundation. Email: info@sharefound.org
Where to get advice and support on how to help children in care to manage their finances as part of the scheme
Materials for Local Authorities and Corporate Parents, carers: and young people themselves here:
This is a great website for children and young people:
For general support, telephone: 0300 6660 127 or 01296 310400
Alternatively general enquiries can be emailed to: info@sharefound.org or write to The Share Foundation, Oxford House, Oxford Road, Aylesbury, Buckinghamshire HP21 8PB
Want to help build an inheritance for children and young people in care?
Entitlements & Useful Links
To read more about exactly what children in care are entitled to and the different areas of support available to them click here
niromp.org 