JISA Terms and conditions

September 2021

CIRCA5000 JISA Terms and Conditions

These terms and conditions are supplemental to the CIRCA5000 general Terms and Conditions accessible here which also govern the provision of the CIRCA5000 ISA/GIA account and the app terms and conditions.  The CIRCA5000 general Terms and Conditions apply to JISAs and are incorporated into the JISA Terms and Conditions.  Where the CIRCA5000 general Terms and Conditions refer to ISAs those references shall apply equally to JISAs.  A JISA shall be a Platform Product for the purposes of the CIRCA5000 general Terms and Conditions.  Where there is a conflict between the CIRCA5000 general Terms and Conditions and these JISA Terms and Conditions these terms shall prevail.   For each JISA account you open, the fees are £1 per month plus 0.5% per annum (calculated monthly) on the balance.  With the JISA, the fees will be debited from the portfolio on a monthly basis.  You hereby give us an irrevocable instruction to sell such assets as necessary to create available cash to collect our fees.   Please see below for a fees illustration.

Eligibility for the CIRCA5000 JISA

A child will be eligible for a CIRCA5000 JISA if:

You must inform us immediately if the Eligible Child for whom the JISA has been opened ceases to meet the eligibility requirements.

Opening a Junior ISA - the Registered Contact

To open a JISA on behalf of a Child you will:

Changing the Registered Contact

The Registered Contact may only be replaced in the following circumstances:

Withdrawals from the JISA

No withdrawals may be made from the JISA before the Child’s 18th birthday unless:

Closure of the JISA

The JISA will be closed when:

When the Child is 18 we will convert the account into a standard ISA.  We will write to the Child asking for instructions to either sell the investments or to retain the investments and any cash in a newly opened  ISA which will be subject to the CIRCA5000 terms and conditions.

Investing in a JISA

JISA Transfers

Transfers into a CIRCA5000 JISA

Transfers out of your CIRCA5000 JISA

To make a transfer to another JISA Manager you must provide us with a completed transfer form which will be available from the new manager. We will sell the investments and transfer any cash balances to the new Manager.  If we are owed any fees we will deduct those before transferring the balance.  We are unable to transfer investments outside of the ISA.

Fees on a Junior ISA Account

These are the estimated costs and charges you will pay to buy and own your selected investment(s). These estimated charges include the charges the fund manager makes for managing the fund(s) (if applicable). They also show our estimated charges for buying and holding the investment with us. If you have any queries with these charges please email hi@circa5000.com

Investment Details

Fees vary based on your choice of Theme and Risk Level. Here is an illustration of fees applied to our most popular Theme and Risk profile (Theme: Combination, Risk: Adventurous)

Theme: Combination
Risk Level: Adventurous
Initial Deposit: £500            Monthly Deposit: £100

12 Month Charges Illustration

Fund Managers' Charges

The estimated charges listed here are charged by the Fund manager(s) and are paid from within your investment and included in the price. The figures shown are aggregated where your investment selection includes more than one fund.

Initial Charges 0.00% £0.00 The charge from the fund manager for buying your investment(s).
Annual ongoing charge 0.425% £4.89 The annual charge from the fund managers for managing and operating the funds.
Transaction charges 0.00% £0.00 The costs of buying and selling the underlying investments over the year.
Total 0.425% £4.89 The costs of buying and selling the underlying investments over the year.

CIRCA5000 Charges

CIRCA5000 monthly subscription fee -- £12.00 Charged at £1 per month, deducted from your balance on the 10th of each month
CIRCA5000 annual platform fee 0.50% £0.00 Charged monthly, deducted from your balance on the 10th of each month
Total 0.50% £12.00

Charge Total

Total costs and charges 0.99% £16.89 The total projected costs and charges in connection with your CIRCA5000 account. This is a projection based on the first 12 months given the amounts you have chosen to invest.

Illustration of costs and investment over 5 years

If your investment is held for 5 years and achieves a net growth rate of 5% p.a.

Return assuming no charges 14.46% £939.63
Return after charges 11.80% £766.81

Investment performance can’t be guaranteed and the value of your investment can go down as well as up. Performance shown is calculated on a monthly compound basis. CIRCA5000 fees are deducted monthly. Fund fees are not paid by you directly but your portfolio balance will always be reflected net of fund charges.

Disclaimer & Additional Notes

Amount to be invested: This is the actual amount you have chosen to invest or an estimate based on the amount of units/shares you are buying.

All charges shown are estimated based on the amount you have chosen to invest. The fund manager’s charges are provided from the fund managers fact sheets and KIID documents and may not be accurate and you should not rely on this information when making your investment decisions.

The value of your investments can go down as well as up and you may get back less than you originally invested. We don't offer advice, so it's important you understand the risks, if you're unsure please consult a suitably qualified financial adviser. Tax treatment depends on your individual circumstances and rules may change. Past performance is not a guide to future performance and some investments need to be held for the long term.