A Junior ISA for Christmas? The only gift that keeps on giving

As parents, grandparents and relatives grapple with what to buy children for Christmas, could the Junior ISA be the answer? Unlike the latest toy or game, a Junior ISA could be the gift that keeps on giving. Not only will children benefit from the initial gift, the wonder of compounding means this is a present that could get better and better.

Tom Stevenson, Investment Director, Fidelity Worldwide Investment, comments: “A contribution to a Junior ISA may grow year on year due to the magic of compounding. A gift that costs £100 this Christmas could be worth £165 in 10 years time, long after many of this year's other presents have found their way into the back of the cupboard or onto eBay*.

“Although a Junior ISA may not be the most exciting gift to open on Christmas day, it is something that will last for years, potentially keep growing and help the child achieve a dream such as going to University or travelling the world.

“Even a small gift can make a difference to a child’s Junior ISA pot and a Junior ISA is a easy way of combining money from relatives and friends. There are many options available when deciding where to invest the gift, especially when using a fund supermarket such as Fidelity FundsNetwork.”

Toy Retailers Association top twelve toys
Doggie Doo, John Adams, RRP £22.99
Fijit Friends, Mattel, RRP £54.99
Fireman Sam Pontypandy Rescue Set, Character, RRP £29.99
Kidizoom Twist, VTech, RRP £49.99
LeapPad Explorer, Leapfrog Toys, RRP £79.99
Lets Rock Elmo, Hasbro, RRP £69.99
Milky the Bunny, Flair, RRP £59.99
Monster High Lagoona's Hydration Station, Mattel, RRP £39.99
Moshling Tree House, Vivid, RRP £18.99
Nerf Vortex Nitron Blaster, Hasbro, RRP £44.99
Ninjago Fire Temple, Lego, RRP £91.99
Star Wars Ultimate Force Tech Lightsaber Assortment, Hasbro, RRP £39.99

* Assuming 5% growth