Why Junior ISAs Pay Dividends Despite the Teenage Risks

Private investor - and parent - Kara Gammell explains why she chose smaller companies and global income for her daughter's Junior ISA

Kara Gammell 18 March, 2016 | 10:41AM

New born babies always look so innocent, but roll forward a few years to when that little bundle of joy becomes a toddler and you’re up against the tantrums of the terrible twos. Now try to picture what your little darling will be like when they hit 18; most parents hope they will have raised a prudent, responsible young adult.

Now, take that 18-year-old and hand them the £20,000 you have saved for them since the day they were born. How mature are they really? Can you predict how they would spend that cash? And, more importantly, will you approve?

If you are anything like me, there is nothing quite like cold, hard cash to focus your mind and quash unrealistic expectations.

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About Author

Kara Gammell

Kara Gammell  is a freelance journalist and author, specialising in personal finance and consumer issues, writing for Morningstar.co.uk

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