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Junior ISA (Stocks and Shares) with the lowest fees?

10 replies

MsFogi · 08/02/2022 22:55

Has anyone worked out which JISA has the lowest charges? Also, any other insights would be great - my head is starting to spin!!

OP posts:
Winebottle · 09/02/2022 20:07

Ours are with AJ Bell. However, I've seen Fidelity don't charge for JISA so am considering transfering.

nannynick · 09/02/2022 20:11

Fidelity has no annual fee but I think they do have trading fees. So great if buying lump sum, not so good if doing monthly. Does anyone have a Fidelity JISA... is that how their fees work?
Vanguard Investor is quite low cost at 0.15% annual fee, plus then you have the usual fund fee cost. No per trade fee unless buying ETFs and even then it is only if wanting to buy ASAP rather than waiting for bulk deal.

chompp · 10/02/2022 17:04

BMO does a Junior ISA and fees are as follows:
"There’s an annual charge of £25 + VAT for the BMO Junior Investment Account and Government stamp duty of 0.5% applies on purchases of UK shares."

NameNo101 · 10/02/2022 19:38

I'm sure the fee for buying on fidelity is... Waived? if its a fund you're buying...

NameNo101 · 10/02/2022 19:39

It says £1.50 for buying as part of a regular investment plan. But that regular investment can be £25 annually. Then just ad hoc payments...

SquishySquirmy · 28/03/2022 12:16

Fidelity have no platform fees for JISAs (but they do for adult ISAs.)
Fund fees still apply of course, we went for a low cost Vanguard one.

Been very happy with the platform so far, but we are quite hands off. We have it set up to automatically drip a small amount of money in every month. We're not actively picking specific stocks, or regularly moving the money around.

The only trouble we have had is trying to arrange for someone else (grandparents) to transfer money in.
One-off payments are straightforward, but DC's grandparents (very kindly) want to set up a direct debit to pay money in each month and have it automatically invested in a fund (in addition to what we pay in as parents). For some reason this hasn't been as straightforward to set up as I would have thought! It was easy for us to pay in as parents as I am the account contact and can log in, put my account details in etc. But the process for a third party paying in has confused me.
I am not sure if this is a Fidelity issue, a general JISA issue, or a "me being thick issue"!

ShipwreckSunset · 30/03/2022 08:22

Wish I’d seen Fidelity don’t charge fees before I transferred junior ideas to Vanguard!

sonypony · 30/03/2022 17:23

I had an awful experience with fidelity. Had to ask the financial ombudsman for help. Their customer service is absolutely useless. Kids have isas with vanguard. Cheap and very good in my experience.

WobblyLondoner · 31/03/2022 21:28

@SquishySquirmy

Fidelity have no platform fees for JISAs (but they do for adult ISAs.) Fund fees still apply of course, we went for a low cost Vanguard one.

Been very happy with the platform so far, but we are quite hands off. We have it set up to automatically drip a small amount of money in every month. We're not actively picking specific stocks, or regularly moving the money around.

The only trouble we have had is trying to arrange for someone else (grandparents) to transfer money in.
One-off payments are straightforward, but DC's grandparents (very kindly) want to set up a direct debit to pay money in each month and have it automatically invested in a fund (in addition to what we pay in as parents). For some reason this hasn't been as straightforward to set up as I would have thought! It was easy for us to pay in as parents as I am the account contact and can log in, put my account details in etc. But the process for a third party paying in has confused me.
I am not sure if this is a Fidelity issue, a general JISA issue, or a "me being thick issue"!

Just to say I have had exactly this problem with my mother's contributions to my DS JISA (Vanguard). She now pays me by DD and I pay it in. Very odd.

It isn't a JISA thing as I know Nutmeg allow it for theirs.

oldwhyno · 31/03/2022 22:17

It’s Fidelity for JISA’s last time I looked. No fees, just the underlying fund ongoing charge which apply anywhere.

Look for a globally diversified index tracking fund with low fees.

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