Got £2000 to invest for junior Jam Bo.

Willing to take a risk with it so looking at a stocks and shares junior ISA.

Where is a good place to learn more?

Well the first thing to check, is Jam Bo Jnr actually eligible for a Junior ISA ?

Only children born on or after 3 January 2011 or before September 2002 qualify, otherwise a Child Trust Fund (CTF) is your only (tax free) option.

yes he is.

We just invested some with Nationwide recently, they seemed to offer the best high street deal at the time.

Isn’t the jury still out on whether it is actually a good idea to start a junior ISA?

Most children won’t actually pay tax on their interest anyway as they won’t earn enough.

Plus as its an ISA you have effectively given the money to your children so when they turn 18 its legally theirs to do what they want with it. Whether that is a sensible contribution to uni fees or drugs and booze!

A standard savings account/investment may be better for a one off lump sum compared to the ISA which would be better if you could max it every year.

Money saving expert explains: http://www.moneysavingexpert.com/savings/junior-isa

Plus as its an ISA you have effectively given the money to your children so when they turn 18 its legally theirs to do what they want with it. Whether that is a sensible contribution to uni fees or drugs and booze!

its a legacy and has to be paid to him. he’s only 6 months old so for an 18 yr timeline I think stock and shares are the way to go.

Plus as its an ISA you have effectively given the money to your children so when they turn 18 its legally theirs to do what they want with it. Whether that is a sensible contribution to uni fees or drugs and booze!

We have Child Trust Funds so our girls will have ‘their’ small pot (car, house deposit whatever) but are in the process of setting up our own savings account to provide for their further education/wedding/whatever else they throw at us costs.