7th January 2026

Propelle JISA Key Feature Document

Ariane Marie Ariane Marie
5 mins read

Overview of the information we’ll give you about your JISA

The Financial Conduct Authority (FCA) is a financial services regulator in the UK. They require us, Propelle, to give you this important information so you can decide whether opening a Junior ISA (JISA) with us is right for your child. Read this document carefully and keep it safe in case you need it in the future.

In this document, we’ll explain what you need to know about our Junior ISA. This includes:

  • The aims of a JISA
  • Your child’s investment – what you’re committing to
  • The risks and the fees of using a JISA
  • Questions and Answers

Read this along with the documents for the funds you might invest in (i.e., the fund document or the “KIID”).

The aim of the Propelle JISA

A Propelle JISA allows mothers and fathers  to invest in one of 7 investment funds. 3 of these funds are provided by Vanguard, 3 are ESG funds provided by BlackRock, and 1 is a Sharia-compliant fund provided by HSBC.

These funds are designed for long-term investments and are likely to be unsuitable if you plan to use the money within the next 3 years, which is in line with JISAs staying invested until your child turns 18.

We aim to make investing in a JISA as simple and transparent as possible, guiding you through educational content and supporting you along the way.

Your child’s investment – what you’re committing to

A JISA lets you invest up to £9,000 per tax year (2025/26) per child, without paying tax on any gains or income your investments make.

There are 2 types of JISAs, a cash JISA or a Stocks and Shares JISA. Here at Propelle, we offer Stocks and Shares JISAs. There are 7 funds you can choose from, all provided by Vanguard, BlackRock, or HSBC. You’ll be able to switch funds at any point.

  • Only one JISA of each type (cash or stocks and shares) can be opened per child.
  • You and all other contributors cannot exceed the annual limit across multiple JISAs for the same child. 
  • JISAs are for children under 18, and the account cannot be transferred to another child.
  • Your child cannot access the money until they turn 18. At that point, the JISA automatically becomes an adult ISA, and your child will be able to manage the account themselves.
  • Once money is invested into a JISA, it cannot be withdrawn. The only exception is if the child is terminally ill.
  • Parents, grandparents, family, friends and other people who know the child will be able to contribute to the JISA as long as they are a UK tax payer and contribute from a UK bank account.

In order to continue to benefit from this service, your child must be a UK resident or a UK taxpayer at all times. If your child moves abroad and changes jurisdiction from a tax point of view, you need to let us know and stop contributing to their JISA.

The risks and the fees of using a Propelle JISA

General risks when investing

Investing carries the risk of losing money. You need to be comfortable with this before investing.

  • The value of your child’s investment may go up or down.
  • There is no guarantee that you’ll make a return on your investment.
  • A fund performing well in the past does not guarantee it will continue to perform well.
  • You cannot take the money out of the JISA under no circumstances with the exception is if the child becomes terminally ill or dies.     

Risks specific to the funds we offer

  • Different funds may perform differently, even when managed by the same fund manager.
  • Propelle offers 7 funds with varying risk levels. You’ll need to chose a risk appropriate for you and that you’re comfortable with.
  • Fees taken by Propelle and the fund manager can impact returns.

Fees

  • Propelle annual fee: 0.48% (Vanguard), 0.53% (BlackRock), 0.25% (HSBC), taken daily.
  • Fund manager annual fees: 0.22% (Vanguard), 0.17% (BlackRock), 0.85% (HSBC), taken daily.
  • Transaction costs: small fees for buying and selling fund units (0.01%-0.08%), taken by the fund manager.

Making a complaint

If you’re unhappy with the way you’ve been treated, you can register a formal complaint at support@propelle.io or in writing to:

Propelle
36 Scotts Road
Bromley
England, BR1 3QD
United Kingdom

If you’re unhappy with our resolution, you can contact the Financial Ombudsman Service (FOS):

Questions and answers about your Propelle JISA

What is a JISA?

A Junior ISA (JISA) is a tax-free savings and investment account for children under 18. You can invest in either cash or stocks and shares.

Who can open a JISA with us?

  • Your child must be under 18 and a UK resident.
  • You (or another adult acting as a “registered contact”) can open the JISA on behalf of your child.
  • You cannot open a JISA if the child already has one of the same type (cash or stocks and shares).

Can you take money out of a JISA?

  • Money cannot be withdrawn until your child turns 18.
  • Once they reach 18, the account automatically becomes an adult ISA. Your child will then be able to manage the account themselves.

What fees do you charge for a JISA?

  • Propelle charges a single all-in fee of 0.7% for traditional and ESG funds and 1.1% for the Sharia fund.
  • Fee split:
    • Vanguard: 0.48% Propelle + 0.22% fund manager
    • BlackRock: 0.53% Propelle + 0.17% fund manager
    • HSBC: 0.35% Propelle + 0.85% fund manager
  • Transaction costs are taken directly by the fund manager (0.01%-0.08%).

Can I switch funds?

Yes, you can switch funds anytime from the Propelle platform. The process may take up to 10 days.

Is Propelle regulated by the FCA?

Propelle is an appointed representative of RiskSave Technologies Limited, authorised and regulated by the Financial Conduct Authority (FRN: 775330).

Is my child’s money FSCS protected?

Propelle JISAs are managed by Wealthkernel, your custodian. If they fail, protection is up to £85,000 per customer.

  • Vanguard and BlackRock funds are FSCS-protected.
  • HSBC Sharia fund is not FSCS-protected but covered by the Irish Investor Compensation Scheme, which protects up to 90% of your investment, up to €20,000 (or local currency equivalent).