Junior ISA- Advice please 16 September 2015 at 1:51PM edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings 2 replies 863 views

JD1977_2

Each of my children have Junior ISA's with One Family (Family Investments). My children (17,13,10) each have varying amounts in them paid by DD each month. Each are Ethical Junior ISA's. I have had recent information sent that details none of the accounts will make any profit and indeed will likely lose quite a proportion of the invested amount before they mature. My youngest obviously still has 8 years of money being paid in monthly. What do i do ? Do i stop paying into them, do i move them (is that possible). Advice greatly appreciated.

xylophone

Your seventeen year old might want to consider a transfer to the Halifax Cash JISA offering 4%?

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

The younger two could get the 4% if you had an ISA with the Halifax.

If you are unhappy with the performance of the younger children's funds, you could consider a transfer to another provider. Presumably you are wanting to remain in stocks and shares? Otherwise it would be possible to transfer to cash. You can of course have both cash and stocks and shares JISA for each child.

https://www.gov.uk/junior-individual-savings-accounts/overview

If you were happy with DIY, you might choose to transfer out to a platform and choose your own investments?

http://monevator.com/how-to-invest-for-children/

http://www.moneywise.co.uk/banking-saving/savings-accounts-isas/best-junior-isa-investment-company-2015 might be worth a read?

Don't forget that the receiving company must organise the transfer.

JD1977_2

Thanks for the advice, ill look into it