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My daughter has a Junior ISA with just over £5k. Should I put it in a Stocks and Shares ISA?

22 December 2021

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Question by Gurmeet

My daughter has a Junior ISA with just over £5k in it. She is now 18. She is looking to put it in a Stocks and Shares ISA. Is that a good option and should she go for an all inclusive fee or not? Thanks

Answered by Joshua Gerstler

Hi Gurmeet,

Yes, it is a good idea to keep the money in an ISA, especially a Stocks and Shares ISA, as this is very tax efficient.

Most ISA providers will allow her to convert her Junior ISA into a normal/adult Stocks and Shares ISA at age 18.

If the existing provider does not offer this then she can set up a new Stocks and Shares ISA with whichever provider she wants, as long as they accept the transfer from the existing Junior ISA.

As it is a relatively small amount in the ISA, I would suggest she looks for a provider with as low costs as possible, either inclusive or not.

I hope that helps her!


Answered by

Joshua Gerstler

Chartered Financial Planner

I have been working in Financial Services for over 16 years. I started out at Deloitte where I trained and qualified as a Chartered Accountant before moving to Financial Advice/Planning at The Orchard Practice in 2011.