3 Funds for Your Junior Isa

Investors putting money aside for their children and grandchildren have a long time horizon in which to invest, so could consider these racier fund options 

Holly Black 24 March, 2021 | 11:19PM
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A Junior Isa is a great place to start saving for children and grandchildren. These accounts can be opened any time from when a child is born until they are age 16. One of the most attractive things about the accounts, aside from the tax-free returns, is that the young person cannot access the money until they turn 18. 

Many parents will hope that the money they save over the years will be put to good use in the future, perhaps as a deposit for the child's first home or to pay university fees. Either way, because of the long time horizon that you have to invest, you can often take a bit more risk with these accounts than you might do with your own investments. Here are three highly-rated funds that might fit the bill: 

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Holly Black  is Senior Editor, Morningstar.co.uk

 

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