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You don't need to shoot the lights out to meet your objectives

Our reader may be taking more risk with his son's junior Isa than he needs to
You don't need to shoot the lights out to meet your objectives

Joshua is 11 years old and has a junior individual savings account (Isa) worth £33,450. His parents are building up funds in it to cover his university costs so that he doesn't have debt in around 10 years. If the junior Isa grows enough they might also use it to help fund a deposit for Joshua’s first home.

Reader Portfolio
Joshua 11
Description

Junior Isa invested in funds, NS&I Premium Bonds

Objectives

Cover university costs, possibly contribute towards deposit for first home

Portfolio type
Investing for children

“I left university debt-free and will hopefully be in a position to ensure that my children do too,” says Joshua’s dad. “We will pay for some of my children’s university costs if necessary, but would prefer to build up their junior Isas over the next two to three years to cover them – rather than having to fork out a lump sum to meet shortfalls in around 10 years.

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