Chartered Institute of Stockbrokers (CISI) Professional Practice Exam

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At what age can individuals typically access funds from their Junior ISA?

The correct answer is: 18

Individuals can typically access funds from their Junior ISA at age 18. This is a specific provision set in place to encourage long-term savings for children, allowing the funds to grow tax-free until they reach adulthood. Once the account holder turns 18, they have full control over the funds and can withdraw or manage them as they see fit. Before age 18, the funds remain locked in the Junior ISA to support the intention of saving for the child's future needs, such as education or first home deposits. This structure promotes financial literacy and responsibility, giving young adults more autonomy over their finances once they reach adulthood. The ages of 16, 21, and 25 do not apply in this context, as the law explicitly states that access is granted at the age of 18.