The BEST Junior ISA in 2021 - Investing for Children UK

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Today I'm breaking down the BEST Junior ISAs on the market and discussing the best way to Invest for Children.
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Best Cash Junior ISA
Darlington Building Society - www.darlington.co.uk/savings/...
Best Stocks and Shares Junior ISA
Fidelity - www.fidelity.co.uk/junior-isa/
Hargreaves Lansdown - www.hl.co.uk/investment-servi...
(Note - I haven't included some of the major banks as their interest rates were just too low, I've also not included Wealthify, Nutmeg or Moneybox as the fees are higher and the returns worse).
Best Junior Stocks and Shares ISA Guide:
0:00 - Junior ISA Overview
0:53 - Key Junior ISA Facts
2:32 - Cash Junior ISAs
8:02 - Is a Cash Junior ISA worth it?
9:10 - 4 reasons you'd use a Junior ISA
10:04 - Stocks and Shares Junior ISA
16:57 - Cash Junior ISA vs Stocks and Shares Junior ISA
17:45 - Is a Junior Stocks and Shares ISA worth it?
19:44 - What would I do?
By popular request I've put together this guide for the best Junior ISAs on the market to help you compare which is the best way to invest for your child and which ISA is right for you.
I've compared both Cash Junior ISAs and Stocks and Shares Junior ISAs which should hopefully make it all a lot easier for you.
If you find this video useful please drop a like to help support the channel as this is quite niche content that perhaps not everybody wants to see, so it'll help push it out for the RU-vid algorithm and make it all worth while!
As always, thanks for your support on these videos, and I hope it helps you pick the right Junior ISA for you!
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#JuniorISA #InvestingForChildren #ISA
*None of the advice mentioned in the video is to be taken as financial or investment advice as it’s for entertainment purposes. Some links above include affiliate commissions/referrals.

Опубликовано:

5 авг 2024

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Комментарии : 107

@chrispalmer24 2 года назад

⭐ My favourite 2 Investing Apps (Bonus Links): InvestEngine - bit.ly/3sj7bqk (£25 Free Bonus) and Lightyear - bit.ly/34fQUKA ($10 Free Bonus)

@moibrahim8026 3 года назад

Thank You 🙏 for doing this , appreciate it, wish you more success in life

@victoriaward1297 2 года назад

This was really helpful thank you so much 😊

@CryingHurts1 2 года назад

Great vid Pal!

@kevincounihan6197 2 года назад

Thanks Chris. I started a Tesco cash ISA for my two kids two years ago. I like the look of the Fidelity stocks and shares ISA now as well. 👍🏻

@iamkingziionproductions100 5 месяцев назад

Really great info and presentation 👏🏿👏🏿👏🏿

@anthonychevonne 11 месяцев назад

Really helpful video for my daughter! Thanks

@RichardBarleyphoto 3 года назад

Great video as always, well worth making and good advice

@chrispalmer24 3 года назад

Thanks Richard much appreciated 😌

@stansheppard8929 3 года назад

Really appreciate the time taken to do this. Very helpful

@chrispalmer24 3 года назад

Thanks Stan glad it was helpful!

@eduphoto6945 2 года назад

thank you so much, this thing was killing me for the last 3 weeks, really appreciate your advice and information

@chrispalmer24 2 года назад

Glad it helped!

@richatoy3461 2 года назад

Thank you for this information. It helps!

@chrispalmer24 2 года назад

No problem Rich! Thanks for commenting 🙂

@nomad4933 Год назад

Very helpful video.

@mrsacuity8568 2 года назад

Great video Chris! Really clearly presented, really enjoy your channel. Big 👍

@chrispalmer24 2 года назад

Thank you! Glad it was helpful :)

@stillinthegame2808 3 года назад

Lovely job Chris. Very clear. Watched it with my son who was very impressed. We're off to open his first Junior Stocks and Shares ISA right now. Ibiza here we come!

@chrispalmer24 3 года назад

Aww thanks Bela! Say hi from me 👋 🌞 sounds like a plan! 🏝🐠

@sanjaymanu1 3 года назад

Excellent video..Thanks for sharing and your effort.. kèep it up...!!

@chrispalmer24 3 года назад

Thanks Sanjay much appreciated! 😊

@planetblix 3 года назад

Very good comparison. Thank you.

@chrispalmer24 3 года назад

Glad it was helpful!

@evotr1p622 2 года назад

Thanks 👍🏼

@ProfitBoss 3 года назад

comment for the algo. Watched the whole video. Massively appreciate the time and effort you put into this. Thanks

@chrispalmer24 3 года назад

Thanks! Took ages 😂

@fraqib83 3 года назад

Well worth watching

@chrispalmer24 3 года назад

Thanks Fara much appreciated 😌

@hats716 6 месяцев назад

Thank you 🎉

@PritikaGrg17 Год назад

Cheers !!!!

@Nasherrrzzz 3 года назад

Great content!

@chrispalmer24 3 года назад

Thanks Nasher, appreciate it!

@Nasherrrzzz 3 года назад

@@chrispalmer24 no problemo. You may have done this idea but would be good if you could cover high dividend yielding stocks to look out for atm. I do love growth but always nice to get some change on the side!

@rekal.auditor 3 года назад

Just subscribed. Very good video. Thank you. Please do a video for 50+ dividend grow. I am very new to this.

@chrispalmer24 3 года назад

Thanks Reez, I've just done a video on Dividends which you may find helpful!

@jameswilks3266 3 года назад

Great information Chris. I could have done with this a couple of months ago. We were put off the fidelity JIISA because of the high minimum monthly deposit requirement.

@chrispalmer24 3 года назад

Thanks James, that's interesting! How much did they ask for? It says "as little as £25" which may be false? To be honest, I think with a JS&S ISA Investing in lump sum almost seems better if it's £1.50 per month each time you buy, but then again if it's only 12 x £1.50 I guess it's not the end of the world lol

@jameswilks3266 3 года назад

@@chrispalmer24 Yes, it was the £25 a month that put us off - I wanted the ability to vary the monthly payment down to 0 if I needed to, in case of redundancy at any point over the next 18 years,

@chrispalmer24 3 года назад

@@jameswilks3266 Good point worth considering for sure! Thanks for mentioning

@andrewjones5394 3 года назад

Hi Chris. Thanks for this. I’ve subscribed because you did this video

@chrispalmer24 3 года назад

Thanks Andrew much appreciated 👍

@FRANK_DYK Год назад

Fidelity, Vanguard and Hargreaves Lansdown don’t have transaction cost for normal funds (indexed or active). The only pay a transaction fee for making live orders for ETFs or shares e.g. £10 for Fidelity and £10 for HL and on Vanguard you can choose to pay now fees when buying ETFs, you just can’t buy them on the live market. Also Vanguard only has a £100 minimum per fund per month to open the account, once it’s open you can change it to whatever you want. For example i use Vanguard and pay weekly into my account i have 3 funds and spread £75 per week across them. One fund i only pay £5 a week into and it works fine. Just a few things that i think are important when choosing what brokerage firm to use.

@javasports5348 2 месяца назад

What about stocks

@Kiet888 2 года назад

Perfect video. I’m about to open a few accounts for my 6 week old, including a Junior S&S ISA where I can deposit a small amount each month and leave it to grow. I have a Vanguard S&S ISA myself but I was curious to see what the other companies such as Fidelity and HL are like.

@chrispalmer24 2 года назад

Sounds fantastic, I'd definitely just double check the numbers because they do change a lot, Fidelity have a really nice website!

@SavvyMoneyShow 3 года назад

Liked and subscribe

@chrispalmer24 3 года назад

Thanks appreciate it!

@npxtel_ Год назад

Can you choose your own funds and shares to invest in a Junior ISA or do you have to go with the plan the provider plans?

@M-fb6ku 3 года назад

Great video and very helpful! Is it possible to open and manage your own junior stocks and shares isa by yourself if you're 17? I saw on a website that you can do that with a cash isa, but not sure if it's the same with a stocks and shares isa?

@chrispalmer24 3 года назад

Hey Meg, yep you should be able to just can’t withdraw until 18 🙂

@freweyni3099 Год назад

Very helpful video, I have a question can you open a stock and share under a child name?

@ffjd1 Год назад

Thks for the info ,but Vanguard is not mentioned?

@WAHEGURU1784 2 года назад

Hi Chris, Does Freetrade provide junior stocks and shares isa now ? Which is the cheapest platform for junior stocks and shares isa. Whats the abbrevation of global index fund. I have two little children son and daughter. Should I buy vangurad funds(which funds), s&p , global index fund etc. Can I spend just one off payment into Fidelity and Hargreaves Lansdown or regular saver because they charge £1.50 for regular saver. How much do they charge if I go for one off payment. Please give your best opinion what should I do ? Thanks

@chrispalmer24 3 года назад

£100/month invested when they are born = £214,972 tax free at age 18 👀 Have you started investing yet?

@Bokoyo 2 года назад

Never knew this

@nepalirunner 2 года назад

Hi .. can I transfer CTF to stock ISA? from HSBC. Thank you.

@pumpkinspice6118 2 года назад

Hi, really helpful video! I'm 16 and have been researching and found a Junior Stocks and Shares ISA is the way forward for me. I currently have a childs trust fund and so am i able to transfer this over to an account with Fidelity? Second question is ive just tried to set up an account with fidelity and it says I need to be over 18 so does my parents need to do this in there name? Wanted my own account. Look forward to hear back from you. Thanks, James

@chrispalmer24 2 года назад

Hey James - best to double check with the provider :)

@amimem4851 2 года назад

Can you open (and invest on a regular basis) multiple junior isa in the the same year? one for each kid, so for me thats three isas?

@satyavvduddu7105 2 года назад

Hi Buddy, When you say junior visa is tax free, if we deposit 9thousand in junior ISA , can we claim tax exemption for the same whike filing tax return?!

@travellerseko 23 дня назад

Hi mate, No one makes video about Junior SIPP providers. Any plans in the future?

@WAHEGURU1784 2 года назад

Hi Chris, Please guide me which is best platform to do investment for shares and stocks ISA for £20000 allowance and which is best for junior shares and stocks ISA. Should I invest in s&p 500 index fund, ftse 100 index fund , scottish mortage investment trust or buy shares of companies. Please provide some knowledge.Hi Chris , Can I open shares and stocks ISA and junior shares and stocks ISA at etoro. Thanks

@chrispalmer24 2 года назад

Hey Amandeep this videos about junior isa I have one about stocks and shares too. I use Freetrade I have a link you’ll get a free share. EToro doesn’t do isa I wouldn’t use them for it if they did to be honest. Also got one on the funds I would buy should be helpful

@carmenpereira90 3 года назад

Hello Chris Palmer. Thank you for the video. At moment wr leaving at UK but we arr planning to move to Portugal in 5 years time. If i open a ISA Junior for my 2 children what happen when i move to Portugal? Thank you

@chrispalmer24 3 года назад

Hey Carmen, I wouldn't like to promise anything, I'd definitely ask the provider and see what they say :)

@Bokoyo 2 года назад

Wouldn’t buying gold is better than ISA?

@savvyshopper1286 2 года назад

Can I transfer CTF(0.3% interest) into a child saving account, the 3.5% one you mentioned at Halifax? Thanks so much!

@chrispalmer24 2 года назад

You should be able to! I’d check with them to make sure :)

@Syksiu 2 года назад

Let's say I was investing in ETF (VUSA) for 12 years through Junior ISA. Can I sell that ETF and hold cash? and then buy it again without withdrawing any money? Or shares may only be sell once child turn 18? thanks

@chrispalmer24 2 года назад

You should be able to! It’ll just sit within the ISA but I’d double check with the provider

@franzlyonheart4362 Год назад

Hm, 2021. Can you repeat your market research for 2023 also please? Tesco still looks alright in 2023 for Cash Jr ISA.

@alexandralyansberg9127 3 года назад

Btw, HL only have cap (£45) for stocks and ETFs, not for funds.

@chrispalmer24 3 года назад

Definitely, people get super confused when I talk about ETFS and Funds and the difference, so tried to simplify it, I think most will go for ETFs over Funds

@Casualclips17 Год назад

can you transfer a junior stocks and shares isa into a junior cash isa?

@jenniferlucyfletcher 3 года назад

Thanks for the video, has really helped clarify my options. £3 a month still sounds like a lot for smaller amounts, I.e starting off with £1k and adding more each month, i.e between 0.9% and 3.6%- do you think the other benefits make it worth the fee? Thanks again.

@chrispalmer24 3 года назад

Hi Jenny! I would go for Fidelity or HL personally 😊 I'd try to keep the fees as small as possible with that amount, both of those are really reliable providers

@jenniferlucyfletcher 3 года назад

Thanks for the tip, much appreciated.

@alexandralyansberg9127 3 года назад

Also I have noticed HL dealing fee is incorrect, for Junior ISAs with them it’s £5.95 for shares and ETFs and free for all funds.

@chrispalmer24 3 года назад

Thank for spotting this Alexandra, oddly the page when I researched yesterday said £10.95! Seems it's £5.95 on another page, definitely makes HL seem the better option!

@alexandralyansberg9127 3 года назад

@@chrispalmer24 haha no problem at all. I actually have seen the same little error in all other JISA RU-vid videos. I guess it’s due to the layout of fees page on HL, but it has certainly been £5.95 so far for all trades for my daughter. Funds are totally free so this makes monthly safer option very attractive, even when fund entrance is at £100, for HL JISA it’s £25 without any frees.

@YOGINIO 2 года назад

Torn now between HL & FI help!!!

@chrispalmer24 2 года назад

I’ve got HL for my Lifetime ISA, used them for years, not tried fidelity yet but don’t think you can go far wrong both great companies

@Paul_M1BLX 3 года назад

What is not clear on the ii Option is whether you can open multiple JISA accounts for the one £9.99 fee if you already have an account - I can’t find any detail on this anywhere on line. I wanted to go for Vanguard for my kids but they each have a CTF and Vanguard don’t transfer CTFs and you can’t open a JISA if the child has a CTF ☹️

@chrispalmer24 3 года назад

Hi Paul! I think you should have the option to convert the CTF and the you can transfer the JISA that’s created. May be worth dropping II an email to ask about that. Would be a nice saving if they do.

@zahrose 3 года назад

I emailed vanguard about this because I wanted to do this too. They told me to get the current provider to change the CTF to JISA and then you can transfer JISA to Vanguard

@danny76689 2 года назад

👍🏻

@lodgehousestudio6219 2 года назад

When then hit 18 can they continue with it, or do they have to switch to an adult account.

@chrispalmer24 2 года назад

They’d switch over then 🙂

@lodgehousestudio6219 2 года назад

@@chrispalmer24 do u know if this in Ireland or can be offered to Ireland through the EU, I’d like to set one up for my neice.

@figh761 2 года назад

i want to invest in apple stock for jisa.Where can I do that. Other than HL , all other ISAs are shit ..u simply park ur money without any meaningful appreciation

@user-oj4sp6rh3v 2 года назад

Hey, I just turned 18 and I have accessed my child trust fund which was set up for me by the government which is £1083 , however some people have recieved up to £2000+ Becuase they invested in better places .Where would you recommend I invest increase this because no video explains all this as well as you did

@user-oj4sp6rh3v 2 года назад

It’s got something to with the banks investments and when the stocks go up and down

@chrispalmer24 2 года назад

Hmm I'm not too sure what this is, do you have the ability to turn it in to an ISA now and invest yourself?

@ijustneedanametousengl7122 3 года назад

Hello, I’m 16 and I want to transfer my child trust fund to a junior isa but idk if I should get a cash or stocks and shares, any help

@chrispalmer24 3 года назад

Just depends when you need to use the money, if I were you it’d be stocks and shares. Once you can get a cash one open that too and start building a house deposit in there. 😊

@islandvybz5245 3 года назад

Lisa-lifetime is a is great to open when you get to 28 to start saving for a house. The government gives a bonus for every amount you pay in. Don't waste your money and good luck.

@russellpetrie119 2 года назад

looking for a ftse 100 etf just sold cty?

@chrispalmer24 2 года назад

I have VUKG and HUKX - both great funds!

@capalot6995 3 года назад

I am 16 can I start my own stocks and trade

@chrispalmer24 3 года назад

You can, you'll need a Junior ISA which you can control, but can't take money out until your 18 but that's fine. At 18 you can convert it to a normal S&S ISA or a Lifetime ISA if you want to start saving for a house.