Yes, the Moneyfarm junior ISA has the same portfolios as the standard GIA, ISA and pension account. So you can invest tax free for when your children turn 18.
Moneyfarm Junior ISA Review
Name: Moneyfarm Junior ISA
Description: Moneyfarm smart tech allows you to monitor your JISA’s performance from anywhere, automate your monthly deposits so you’ll never miss an opportunity again, and their team of dedicated investment consultants are on hand to answer any queries you may have via anytime calls, chats, or emails.
Capital at risk.
- Investments: Pre-made portfolios
- Minimum deposit: £500
- JISA account charge: 0.75%
- Dealing fee: £0
Fees: Moneyfarm junior stocks and shares ISA account fees are scaled between 0.75% for accounts between £500 and £50,000, then above £100k are 0.45% to 0.35%. Average investment fund fees are 0.2% and the average market spread when buying and selling is 0.10%
- Risk-based JISA portfolios
- Low-cost investing
- Cannot buy and sell individual shares
Research & Analysis
- Expert opinion: Moneyfarm reviewed & rated