A short YouTube commentary by Ndubuisi 'Andy' Egwim arguing that parents/guardians should invest Junior ISA funds rather than leave them in cash. He states the current Junior ISA annual contribution maximum is £9,000, criticises leaving money idle for many years (e.g., from age 1 to 18), and urges tax-efficient investing so money "works harder" than the saver.
£9,000
Junior Isa. The maximum you can put in is £9,000. If your child is less than 18 years and you can actually invest the money, it shocks me, man. Stop shocking me. But people putting money in cash in Junior Isa and just leave it lying around. The child is one year old. They're not going to get it for 17 years. I'm like, why? Why is the money not working hard? Why? Why are you working harder than the money? So this is the whole point of you are working harder than your money. You need to make sure that your money works harder than you. That's what investing is, is all about. And if you invest tax efficiently now, your money is not just working hard. It's breathless and it's panting and it's sweating. It's trying to help you to work less.
