Kids S & S Isa recommendations please - general advice and info?

hermante

eskbanker said:

hermante said:

Why are you only allowed to have one Junior S&S ISA at a time?

Don't recall seeing anyone saying that?

Anyway, the government rules permit two, a cash one and a S&S one, as per https://www.gov.uk/junior-individual-savings-accounts

There are 2 types of Junior ISA:

• a cash Junior ISA, for example you will not pay tax on interest on the cash you save
• a stocks and shares Junior ISA, for example your cash is invested and you will not pay tax on any capital growth or dividends you receive

Your child can have one or both types of Junior ISA.

https://www.moneysavingexpert.com/savings/junior-isa/

You can only open one junior cash ISA and/or one junior stocks & shares ISA per tax year

You can only open one junior cash ISA and one junior shares ISA per tax year, and you can split the £9,000 allowance between them as you wish. You can transfer providers as much as you like, but can only hold one of each type at any one time.

eskbanker

Oops, apologies, I misread your post and managed to miss the specific reference to S&S, I wrongly thought that you were just saying one JISA!

house_help

Have my  kids s&s JISA with fidelity. Happy with it asbith 100% in funds and I drip feed couple times month so no fee to buy more fund s. All the funds i wanted to use were available. Just be careful on very high unit price funds and small investments as they seem to round to 2 dp see https://forums.moneysavingexpert.com/discussion/6066438/unit-pricing#latest