Junior ISA vs other

[JapanRed]

Hi all,

I am going to invest £1000 initial lump sum plus £100 a month in January which is when our first baby is due. This will be a long term investment (at least 18 years) on behalf of our child. This will be a moderately high risk (approx level 7-9) due to length of investment (we won't need the cash for day to day living and can afford to lose it).

What are the advantages of doing this through a junior ISA, rather than an ISA in my own name such as fiveraday, Nutmeg or Parmenion?

[klivedrgar]

If you don't use up your own full ISA allowance (and that of your wife) every year then you could use whats left of the allowance to invest for your child, and you would retain control of the money. If you already use your full ISA allowance for yourself (and wife) then using a JISA allows you to invest even more with the tax free wrapper. However.. the money you put into a Junior ISA is no longer under your control and automatically becomes your children's to do with what they will age 18. ie. tattoos and motorbikes.

[JapanRed]

Thanks that's great. I've just spoken to Hargreaves Lansdown who said the same. I'm not using any of my isa allowance (nor the wife's) at the min so may as well stay within our names for now.

Thanks.