How can I invest £1000 for my grandchild other than a JISA?
06 December 2021
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Question by Bryn
How can I invest £1000 for my grandchild other than a JISA?
Answered by Kris Amliwala
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
Kris Amliwala
Chartered Financial Planner
I really enjoy helping people align their wealth to their life goals and ambitions. By first spending time in understanding you, your life and your goals, before looking at cashflow planning and then if needed, any financial solutions, I find delivers the most rewards.
