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Investing for niece
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That will depend on whether it's a cash JISA or a S&S JISA (and if so, who it's with), as well as whether there's enough headroom beyond the contributions made by the child's parents of course....2_4 said:OK, it now transpires she does have a JISA so we are both going to contribute to that. Is a JISA the same as a normal ISA in that she can have multiple funds in it? So if my dad and I want to add our money to a Vanguard Life fund we can do that within her ISA even if it is just currently cash or anything else?1 -
The child has a Vanguard JISA?
Presumably you can make contributions to be held in cash within the JISA until the parent instructs how it is to be invested.
https://www.vanguardinvestor.co.uk/investing-explained/stocks-shares-junior-isa
Up to a total of £9000 (comprising gifts from parents/friends/relatives etc) may be contributed to a child's JISA account (s) over the tax year.
See here for information.
https://www.gov.uk/junior-individual-savings-accounts
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