How can I invest £1000 for my grandchild other than a JISA?

06 December 2021

Question by Bryn

How can I invest £1000 for my grandchild other than a JISA?


Answered by Boring Money

Hi Bryn,

Thank you for your question. A junior pension is an alternative option to a JISA, although access would be dependant upon your grandchild reaching age 57/58.

A bare/absolute trust would give you more control, but less flexibility than a discretionary trust.

Best regards

Answered by

Boring Money