Junior ISA index tracker for GD

avstar

Hi, I'd like to open a saving account for my 3yr old granddaughter, prob looking at £25 a month as part of her Xmas present.
Can anyone recommend an index tracking JISA pls?

I'd like to invest in stocks and shares as its such a long term investment but all the JISA's I've seen look to be managed funds. I just want one to track the index and have tiny fees. Anyone know of any pls?
Ta
avstar

eskbanker

avstar wrote: »

I'd like to open a saving account for my 3yr old granddaughter

Not sure if it makes your question moot but a JISA can only be opened by the child's parents or guardians, rather than grandparents or anyone else....

AlanP_2

Take a look at https://www.moneywise.co.uk/investing/investing-children/the-best-stocks-and-shares-junior-isas for "Top 10" list which I would think includes at least 1 that meet your requirements.

Those offered by general platforms like AJ Bell, Fidelity, HL & CSD etc. will offer a wide range of underlying investment options including a number of passive / tracker funds.

Not sure what index you wanted to track but conventional wisdom is to NOT do that anyway as you are putting all eggs in one basket.

Something globally based would be better option in my opinion.

Zorillo

Vanguard Investor offers a JISA so if you intend to invest in Vanguard funds that might be cheapest.

Tom99

[FONT=Verdana, sans-serif]Watch out for dealing fees. With A J Bell for example, which seem to suit, at £25 per month you would lose 6% of your investment before its even invested.[/FONT]

xylophone

The parent needs to open the JISA.

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

https://www.vanguardinvestor.co.uk/investing-explained/stocks-shares-junior-isa

http://monevator.com/using-vanguard-lifestrategy-funds-life/

avstar

Thanks all, yes my DD will actually open it as the parent but I'll be organising it etc.
I'll have a look. Basically I have an L&G index tracker ISA and just wanted to replicate that for the GD but they all seem to be managed funds. If I could open a second L&G tracker ISA I would but you can't have more that 2 ISAs?

avstar

xylophone wrote: »

The parent needs to open the JISA.

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

https://www.vanguardinvestor.co.uk/investing-explained/stocks-shares-junior-isa

http://monevator.com/using-vanguard-lifestrategy-funds-life/

Thanks, but the Vanguard one is min £100 per month so not suitable.

xylophone

Hargreaves Lansdown?

https://www.hl.co.uk/investment-services/junior-isa/apply-now

You can open a Junior Stocks and Shares ISA in minutes with a lump sum or from as little as £25 per month. You'll need your (and your child's) National Insurance number to hand.