Junior s+s isa for newborn

Niksan123

Dear all,

My daughter was born two weeks ago and I'm thinking of opening a JISA for her. I currently have a cash isa with Nationwide and a Vantage S+S Isa with Hargreaves Landsdown.

I would prefer to go for a S+S JISA for her but I can't work out which is best. I am planning to invest £50-100 per month for her.

I am attracted to the Vanguard LifeStrategy 80 but on HL, it has a monthly platform charge of £2 and annual charges of about 0.56%. I also quite like the Family Investment ISA partly because my son's CTF is with them.

By the way, it's not easy for me to open another trading account as I'm currently working overseas.

Any thoughts on my choices? Any other recommendations?

Many thanks

Nik

pip895

I have a HL JISA - which has worked well. re the charges perhaps start investing in something without a platform fee such as a balanced managed fund then transfer to your preferred option when you have enough in there to justify the platform charge.


p.s. HL will be introducing a new charging structure very soon - might be worth waiting a couple of months until the dust settles.

ozzage

I invest into one of the BlackRock Consensus funds for exactly this reason. It has a spread and a higher TER but no platform fee. Later I will probably switch it across to the Vanguard fund but the performance is pretty similar anyway.