Question - Last week I became an uncle, rather than buy some baby grows from Jojo-mama-whatever I'd like to pop a few hundred into an index tracker for them to enjoy after 18 years of low fees and compounded gains (hopefully) .
A JISA looks like the way to go, but I would have to get my brother to open it. Can anyone suggest an alternative?
I'm planning on doing this as well - for a nephew - but haven't got round to it / found the right options yet. Was thinking of Premium Bonds (with reinvested winnings), but again these can only be purchased by the child's parents or grandparents.
Question - Last week I became an uncle, rather than buy some baby grows from Jojo-mama-whatever I'd like to pop a few hundred into an index tracker for them to enjoy after 18 years of low fees and compounded gains (hopefully) .
A JISA looks like the way to go, but I would have to get my brother to open it. Can anyone suggest an alternative?