Junior ISA - Fidelity/HL/VG

[AllTheNaps]

I am in the process of setting up either of the above for my children in the hope they'll have a nice pot for when they turn 18. They are currently 6 and 2 with their sibling due imminently who I'll sort something for too.

Unsure if it's best to put separate kids across different funds to ensure it any perform worse it's not all of them? But mindful that all the pots will be of differing sizes by the time they reach 18. It was my initial intention to just do one pot then split equally but Ive also now learnt that the money automatically goes to them upon turning 18 so splitting the pot 3 ways may not be an option.

What have others done with multiple children for future?

We’ve got two kids 10 and 7. We started saving for them at the same time and they have the same money saved. I’ve tried also to keep the funds they’re invested in the same too!! We’re at the age where they are super jealous of what each of them has. But I don’t think where savings are concerned it’ll be any different when they are 18! (Ie the 15 year old will want to know he has the same in savings!)

But @Treesdostandtall your younger kid will end up with more that way?

OP I was in a similar boat as started a S&S isa for both kids at the same time. I tried to even things out by putting in more for the older one - I worked it out by assuming I’d saved £x/month since birth, so DC1 had 2.5 years extra.

DC2 is still going to end up with more as will have had more investment time, but hoping the difference won’t be significant.

@Compsearch thankyou that's helpful! I will get DC1 and DC2 set up taking into account their age gap for when they both turn 18 and invest more for DC1 accordingly and work out the same when DC3 arrives and hopefully the difference won't be significant 👍

I got my son the Fidelity Junior isa because it has no fees. However, the money is invested through Fidelity into a Vanguard fund. When my son reaches 18, the Fidelity isa will begin to charge a fee. On current trends it is likely to be higher than the Vanguard fee, in which case I will move the junior isa over to Vanguard shortly before it becomes an adult isa.