I’m sure the Christmas presents were loved and appreciated, but how about moving on to a gift which they will truly value in the future?
A Junior ISA could be the most useful and valuable gift. An account can be opened on line with a minimum of £100 lump sum or £25 per month and then added to either with regular monthly payments or occasional lump sums. Grandparents, godparents, uncles and aunts; once the account is set up all can pay in.
Don’t make the mistake of opting for a Cash ISA. Interest rates are paltry and a Stocks & Share ISA is a much better long term answer. It seems counter intuitive where children are involved to be taking some well thought out risks but short term volatility in a long term savings account should not be a problem and should produce better results.
Where should you start? The Hargreaves Lansdown website is very user friendly, low cost and will provide plenty of investment guidance. If you would like any input from me just text JUNIOR ISA to 07770 575122 and I will get back to you.
PS. If you were a wild child or rebellious teenager you may not like the thought of your child having total access to the funds when they turn 18. If that sounds about right text TRUST to 07770 575122 and I will provide the solution.
IMPORTANT INFORMATION
This document and our on going services are not personal advice. We'll give you all the help and guidance you need to make your investment and retirement decisions, but we can't advise you. If you're not sure whether you need regulated financial advice we can put you in touch with a suitably qualified and experienced regulated adviser. Because we are not regulated by the Financial Conduct Authority you will not have access to the Financial Ombudsman Service in respect of any complaints. If you use one of the "no advice" on line services to handle investment transactions they will be Regulated and you will have access to the Ombudsman and The Financial Compensation Scheme in respect of their services. The value of investments/pension plans can fall or rise depending on market performance. The Retirement Team and The Investment and Retirement Coach are trading names of Capture Success Ltd Reg No 01825075 Tel 07770575122
