Help with Junior ISA

Yanskii

Hi


I recently opened a Junior ISA for my son with Alliance Trust and have since realised that this was a mistake.


The plan is to invest a small amount of money on a regular basis. The issue with the Alliance Trust one is that each time we put money in it just sits in a cash account until I invest it. I then have to pay £12 fees each time I invest that money via their online facility. Also, there is a fixed quarterly fee of £12 on the account.


Alliance are refusing to close the account and return the money I have put in as they say they cant do this until my son instructs them when he is older.


However, I can transfer what I have put in to another Stocks and Shares ISA.


Can someone suggest a good plan where there is very little fees for depositing small amounts on a regular basis?


I understand the Alliance Trust would be good if we were investing one large lump sum but we cant do this.


Thanks in advance.

xylophone

http://www.lovemoney.com/isas/junior-isa Some offerings here - ring up and enquire?

jimjames

How does www.hl.co.uk compare to what you are getting from AT?

ozzage

I have a HL Junior ISA and have found it very good.

Of course, with the new pricing, you'll need to consider things fully, but as they only charge a % and your amounts are small it'll probably be very cheap for you.