Stocks and shares Isa

[sparkle17]

I'm thinking about starting to save for when my children go to university. They are 6,3,3 at the moment so it will be long term savings perhaps around £1k a year.
I'm thinking about a stocks and shares isa. I bank with nationwide and would naturally be inclined to open one up with them but keen to learn what might be my best option.
Thanks

Do you want the money in your name or theirs?

Junior ISA is a tax wrapper for children. You can put up to £9k per financial year in to each child's account.
You manage it for your child initially, then at age 16 they get to manage it and at age 18 they get the money. You can encourage them to continue investing that money in an adult ISA, using some of it when needed. Other people can also pay in to the child's JISA such as grandparents.

If you use your ISA you retain control and would gift them money at a later stage.

The thing to look for is the management charges and the range of funds available.

I don't want them to have access to it. I already have a junior isa for them all with a few grand each.
This is more for long term savings to help me to help them at university if that's what they choose to do.

Check out Hargreaves Lansdown. They're great as there is so much investment advice.

HL is good, Interactive Investors is good and the best for fees, is Vanguard.

avoid all the high street names and the likes of Aviva.

In terms of ETF funds, stick with the Vanguard ones or go for something mainstream like Fundsmith Equity Accumulation. (29 years they have averaged 18% pa return).

@Bard6817

HL is good, Interactive Investors is good and the best for fees, is Vanguard.

avoid all the high street names and the likes of Aviva.

In terms of ETF funds, stick with the Vanguard ones or go for something mainstream like Fundsmith Equity Accumulation. (29 years they have averaged 18% pa return).

Any particular Vanguard ETF you like?

Hi OP. I use Nutmeg general investment pots for my kids at high risk (8/10) for their university/house fund. Love the app, good returns. Like you I have a few K in a JISA for them both but not their 'main' fund.

I would also recommend Hargreaves Lansdown. DH and I have held investment accounts with HL since 2002.
Yes, for certain products and for wealthier investors, their fees can be a little more than some other investment platforms. But if your portfolio is likely to be low value (say, less than £50k) the fees are very competitive, imo.
They have a wealth of information on their website, which is very easy to navigate.

Vanguards Global is a 200 company fund with an emphasis of american exposure. Won’t make you millions, but should do nicely. If you have an exit point in mind, say 5 or 10 years, their life strategy funds can help ensure that expected gains (a guess) are realised by then. However they are meant to be retirement funds so are less likely to get the best growth in the final 5 years where risk is diminished in those final years.