Top Junior ISAs guide: discussion

draper29

I would take a look at Cavendish Online for cost effectiveness.

Also, here's a cost comparison link for the different brokers/platforms. it's not specifically aimed at JISAs but is a good guide. Enjoy

http://www.rplan.co.uk/Home/CostComparison

sike222

draper29 wrote: »

I would take a look at Cavendish Online for cost effectiveness.

Also, here's a cost comparison link for the different brokers/platforms. it's not specifically aimed at JISAs but is a good guide. Enjoy

http://www.rplan.co.uk/Home/CostComparison

thank you very much i will check that out.

sike222

one more question if i may?

i checked cavendish and will take your advice on those looking at their options i think i need to select the 'isa buy' transaction type? then it gives me providers and fund names to chose. so having read this article http://blogs.thisismoney.co.uk/2011/10/how-to-make-your-child-richish-with-a-junior-isa.html

it says jupiter european has been the top performer over the last 18 years so would this be a logical buy do you think?

edit - it would appear, unless i am going crazy, that you can only use cavendish if you put in more than 50 a month. I cannot afford that much and was looking to do £10 a month. Anyone know which would be the cheapest provider for that much a month? cheers for looking.

forthefuture

Do you guys have any thoughts on sites like Junior ISAs Online? Sorry, I can't post a link due to the spam prevention.

Naturally I'm skeptical like anyone would be with their money 'on the line' and would really appreciate knowing anyone's experiences with such investments.

I'm not the biggest fan of banks you see.

xylophone

do £10 a month. Anyone know which would be the cheapest provider for that much a month?

http://www.familyinvestments.co.uk/junior-isa/details/ anything here?
https://www.gov.uk/junior-individual-savings-accounts/overview

forthefuture

xylophone wrote: »

Helpful, thanks! I'm not sure what Junior ISAs Online charge. Could be worth inquiring?

Lindagreenacre

Halifax offer a junior cash ISA with an interest rate of 6% if one of the parents has an ISA with them. I bank with Halifax and have been saving for my grandaughter in their junior saver. She will be 16 in a fortnight and I am wanting to transfer her money to a junior ISA with them, which would be held in her name. The blurb says that the int. is 6% if an adult cash ISA is held or the child is 16 or over. I think this means that she will get 6% until her 18th birthday. Some staff tell me this is so and another that she will still need a parent to have an ISA with them. What hope is there if the staff of Halifax cannot give me a straight answer.

kalsha

Lindagreenacre wrote: »

Halifax offer a junior cash ISA with an interest rate of 6% if one of the parents has an ISA with them. I bank with Halifax and have been saving for my grandaughter in their junior saver. She will be 16 in a fortnight and I am wanting to transfer her money to a junior ISA with them, which would be held in her name. The blurb says that the int. is 6% if an adult cash ISA is held or the child is 16 or over. I think this means that she will get 6% until her 18th birthday. Some staff tell me this is so and another that she will still need a parent to have an ISA with them. What hope is there if the staff of Halifax cannot give me a straight answer.

I was asking the same question about 18 months ago. Noone seemed to know (inc their staff) whether the parent needs to have an account for the child to get 6% or not. In the end I gave up and did open an account for myself before opening one for my 16 year old. So she did get 6%. There were some people on this and similar threads who did not have an account as a parent and they never reported back to let others know if the 16yr old did get 6% or not. If the parent does not have an account, I would suggest they open one with the minimum amount (this could be £500) and then enjoy 6% for the 2years until the child is 18.

MallyGirl

min amount is £1 - good as long as you don't already have a cash ISA elsewhere

Archi_Bald

The Halifax website is very clear:

6.00% tax free/AER variable if an adult cash ISA is held or child is 16 and over.

https://www.halifax.co.uk/isas/cash-isas/junior-cash-isa/