Junior Isa and LISA advice

[Rowaround]

I already have a cash ISA and a stocks and shares ISA (currebtly Vanguard) but thinking of opening a LISA (to release after 60 as the 25% top up sounds good). And a Junior ISA for my child.

Any suggestions about why this might be not the right way forward would also be welcome. I only recently heard about LISAs.

Specifically I amlooking for a company/supplier/bank that does:

Junior ISA s that are stocks and shares but also that you can put in e. G. £10 as one offs rather than having to do a minimum of £100 monthly or £500 once of fs.

LiSA that is also stocks and shares.

I think Nutmeg does this but has quite high fees as only do managed options and you cannot self manage.

Vanguard doesn't do LISA and the minimum you can add on the junior isa is £100 a month or £500 one off.

Any tips or suggestions and which banks I should go to would be welcome. I am aware of the 20k limit across the different ISAs for adults.

Thanks

I have both a LISA for myself and Junior ISAs for my children with Hargreaves Lansdown. They are good as long as you don't mind navigating a wide range of investment options yourself (which it sounds like you're OK with).

Thank you - that is very helpful.

Sorry - misread!

I started a Nutmeg account with a link on martin lewis for reduced fees for a year. I have a Lisa with nutmeg which is set allocations by a computer and I wouldnt consider it to be managed in the normal sense.

I also have a dodl account which do both the accounts you are looking for. Designed for simple easy non experienced investors. Low fees and you can select from a range or funds which include vanguard 80:20 global fund.

If you are a high tax payer you would get more benefit from paying into your pension through salary sacrifice at work than a Lisa.

Don't forget you can only open one up until you are 40 but then put money in until 50 so you might as well open one up to give yourself the option if your circumstances change.

Not many options for junior ISAs but another vote for Hargreaves Lansdown. They have a low minimum (I think either £100 in initial lump, or £25 a month). You have to suggest a fund, so something like world equities or S&P500 are common choices.