Discussion
My first born is due in August and i am looking at putting a few quid away each month for them which they could use towards a house deposit/uni ect in the future.
Any recommendations on providers, i am leaning towards the Vanguard junior ISA as it's low fees and a wide range of things to invest in, will probably split the monthly amount between 2 or 3 things like a FTSE 100 tracker, FTSE 250 tracker, S and P 500 tracker so nothing too outrageous and just re invest all the dividends.
I have been investing myself over the years mainly through Halifax share dealing and Trading 212 but these either don't do the Junior isa or seems a bit pricey of fees.
Any recommendations on providers, i am leaning towards the Vanguard junior ISA as it's low fees and a wide range of things to invest in, will probably split the monthly amount between 2 or 3 things like a FTSE 100 tracker, FTSE 250 tracker, S and P 500 tracker so nothing too outrageous and just re invest all the dividends.
I have been investing myself over the years mainly through Halifax share dealing and Trading 212 but these either don't do the Junior isa or seems a bit pricey of fees.
I did my research and went Vanguard as they have lower fees than HL.
I went with a junior ISA primarily invested in the S&P500.
Appreciate the child gets access at 18, though my views for this would be to give access to details and awareness of it for it when they are c.25 and buying a house.
I went with a junior ISA primarily invested in the S&P500.
Appreciate the child gets access at 18, though my views for this would be to give access to details and awareness of it for it when they are c.25 and buying a house.
Dave350 said:
I did my research and went Vanguard as they have lower fees than HL.
I went with a junior ISA primarily invested in the S&P500.
Appreciate the child gets access at 18, though my views for this would be to give access to details and awareness of it for it when they are c.25 and buying a house.
The provider will send them a letter transferring the account into their name at 18. I went with a junior ISA primarily invested in the S&P500.
Appreciate the child gets access at 18, though my views for this would be to give access to details and awareness of it for it when they are c.25 and buying a house.
Maybe set a reminder to open all their mail.
"What's this Dad?"
"Oh you don't worry about that, I'll sort that"
In fairness, I'd ensure there was enough in there to make suitable gains and encourage good habits but also enough not in there, in my own personal ISA's to ensure any contributions to house purchases are suitably motivated by having the additional amounts.
"Oh you don't worry about that, I'll sort that"
In fairness, I'd ensure there was enough in there to make suitable gains and encourage good habits but also enough not in there, in my own personal ISA's to ensure any contributions to house purchases are suitably motivated by having the additional amounts.
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