I am looking to put around £5,000 of my savings into an investment account

06 February 2023

Question by Charlie

Hi, I am a 16 year old looking to put around £5,000 of my savings into an investment account for a long term investment. I am just wondering what would be the best way to go about this?


Answered by

Hi Charlie

It's great to hear that you're taking interest in long term investment at your age. Boring Money published an article a couple of years ago here https://www.boringmoney.co.uk/learn/articles/how-to-invest-as-a-teenager/

Apart from the Junior ISA allowance increasing to £9,000 pa, everything in the article still stands in 2023 and is a good place to start.

Regards
Rachel