The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.

Junior ISA

Clients on the 7IM Platform can invest for their children by using the child's £9,000 Junior ISA allowance. For more information about our Junior ISA wrapper click here.

New clients

A Junior ISA wrapper is linked to a parent’s 7IM account and therefore that parent needs to have a 7IM GIA open first. If they don’t they can use our online application tool to open a new GIA quickly and without any paper. Please view the video to find out how to do this.

To open the Junior ISA wrapper please use our Junior ISA application form and once completed, email the completed Junior ISA form to postroom@7im.co.uk by Monday 29 March.

Cash should then be transferred to us using the payment details below (quoting parent’s GIA reference) by Tuesday 30 March.

Payment details

Where possible please ask clients to send money to us electronically by bank transfer to the account below. This avoids the need for post and the money will therefore be available sooner to invest. Where clients do have to send cheques, please see the details below.

To ensure we can identify the payment, please quote the parent’s 7IM GIA reference when making your payments online.

Bank: ROYAL BANK OF SCOTLAND
Swift Code: RBOSGB2LXXX
Sort Code: 16-04-00
Account Number: 31266302
Account Name: Pershing Securities Ltd Client Hub Account

Cheques

Cheques should be made payable to Pershing Securities Limited and posted to 7IM, 55 Bishopsgate, London EC2N 3AS.

Please write the client’s 7IM GIA reference on the back of the cheque.

Please ensure we receive any cheques by Monday 29 March.

Once the deposit is visible in the parent’s GIA please use one of the following online tools available on our platform to make the ISA subscription:

  • Cash movements tool: Transactions > Cash Movements > Instruction. Please submit all instructions by 2.30pm on Thursday 01 April.
Cash Movement
  • Bed & ISA tool: Transactions > Bed & ISA > Instruction. Please view the video below to find out how to do this. All bed & ISA instructions should be submitted by 2.30pm on Friday 26 March.

Existing clients

No further paperwork is required to top up an existing active 7IM Junior ISA (see below note about a lapsed Junior ISA).

Remember all new money should be deposited into the parent’s GIA first and then subscribed into the ISA wrapper (see below).

Please transfer cash to us using the payment details below (quoting parent’s GIA reference) by Wednesday 31 March.

Payment details

Where possible please ask clients to send money to us electronically by bank transfer to the account below. This avoids the need for post and the money will therefore be available sooner to invest. Where clients do have to send cheques, please see the details below.

To ensure we can identify the payment, please quote the parent’s 7IM GIA reference when making your payments online.

Bank: ROYAL BANK OF SCOTLAND
Swift Code: RBOSGB2LXXX
Sort Code: 16-04-00
Account Number: 31266302
Account Name: Pershing Securities Ltd Client Hub Account

Cheques

Cheques should be made payable to Pershing Securities Limited and posted to 7IM, 55 Bishopsgate, London EC2N 3AS.

Please write the client’s 7IM GIA reference on the back of the cheque.

please ensure we receive any cheques by Monday 29 March.

Once the deposit is visible in the parent’s GIA please use one of the following online tools available on our platform to make the ISA subscription:

  • Cash movements tool: Transactions > Cash Movements > Instruction. Please submit all instructions by 2.30pm on Thursday 01 April.
Cash Movement
  • Bed & ISA tool: Transactions > Bed & ISA > Instruction. Please view the video to find out how to do this. If you are using our bed & ISA tool to sell assets in a GIA to fund an ISA subscription, this should be done by 2.30pm on Friday 26 March.

Further junior ISA information

Please note that all forms can be signed electronically by your client using a recognised e-signature system such as Docusign or Adobe sign.

Junior ISA Allowance Report

For a list of all your clients’ unused Junior ISA allowances, you can download the Unused ISA & JISA Allowance report from our platform: Reports > Practice Administration

Lapsed ISA

To restart a lapsed Junior ISA, where clients have not subscribed with 7IM in either this or last tax year, you can use our online bed & ISA tool and confirm the declaration (we will write directly to your client to confirm this action). Please view the video to find out how to do this.

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