Junior investment ISAs - where do I start?

Goldust · 3 October 2019 at 8:34PM

Hi,

I'm trying to get my daughters savings (about £1400 so far) into an account. I've been looking at some investment junior ISAs with some decent Quidco cashback but obviously it's big money over the years so don't want to be too tempted by that.

I understand the risks and how these kind of things perform as my pension is under a similar arrangement but overall but I'm not sure about anything else - are they worth it, can I transfer her money to another if I want to later...

Can anyone advise or recommend? Or point me in the right direction?

xylophone · 3 October 2019 at 9:16PM

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

https://www.vanguardinvestor.co.uk/investing-explained/stocks-shares-junior-isa might suit - see also

https://moneytothemasses.com/quick-savings/parents/best-junior-stocks-and-shares-isa

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

https://monevator.com/low-cost-index-trackers/

Goldust · 4 October 2019 at 5:09PM

Thanks - I'm struggling a bit to understand the differences in terms of costs and features. I sort of know what I want but they all have different fees and facilities which are hard to decipher across the different companies.

Is there any straightforward comparision as none of those really do that...

xylophone · 4 October 2019 at 7:28PM

Is there any straightforward comparision as none of those really do that...

Did you scroll down right to the end pf the MTTM link?

The MTTM link indicates the charges on the various platforms and gives a "good for" indication.

Junior investment ISAs - where do I start?

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