Junior ISA

(3 Posts)
hannahdunnett123 Tue 15-Oct-13 11:30:42

Hi,

(new user so please excuse any unintentional bad mumsnet etiquette)

I am starting to think about the best way to save for my (unborn) child's future, but I feel a little embarrassed blush as everyone seems to know a lot more than me about all the different options, particularly junior ISAs. Are there any key things I should be thinking about when deciding whether to invest in a JISA, or do other services have better benefits? Am looking for a dummie's guide and would be ever so grateful for any advice. confused

Thanks thanks

spritesoright Wed 16-Oct-13 15:41:08

mumsnet has a specific page on children's savings.
www.mumsnet.com/family-money/10-things-you-need-to-know-about-childrens-savings
I don't know much about it either but from what I've read, junior isas are a good way to go but you need to look at the fees incurred each year from different banks and also consider that you won't be able to take the money out again until they're 18.
I'd like one that will automatically debit my account each month for a set amount so that I don't need to think about setting one up before the end of the tax year (I always do this with mine, rush to bank to find everyone else and their brother trying to do their ISA before the deadline).

Hollymackay Thu 27-Feb-14 14:50:50

Hi - I've just produced a 5 minute video on this - along with my kids. I work in financial research and wanted to do something which would help my Mum friends wade through this stuff. It might be a helpful starting point? Interested in any feedback - this is a test so let me know if it does help? www.theplatforum.com/jisa

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