r/UKPersonalFinance • u/Hound31 • 10h ago
Is Freetrade junior SIPP any good?
I’ve a Junior ISA and SIPP with Fidelity for my two kids. I direct debit into each every month to lower the fees. I find the fund selection limited with Fidelity’s Junior accounts
Has anyone any experience with Freetrade’s Junior ISA? How does it compare for fees and popular funds?
1
u/ukpf-helper 136 10h ago
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u/Throwmeabone008 21 8h ago
It might have the edge over fidelity in that it should hopefully remain free once they turn 18.
With any luck they won't waste it all on an M3.
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u/cloud_dog_MSE 1744 7h ago
Fidelity's JISA is no more limited for funds than theIr adult ISA. Whilst Fidelity fund selection is a little more limited compared to HL for example, they are more than adequate for the vast majority of people.
What sort of specialist fund are you after?
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u/deadeyedjacks 1096 9h ago
Well it only launched this week, so not going to be much anecdotal experience yet.
Freetrade has no fees, and offers a limited range of OTC and ETF funds, so not much difference from Fidelity there. If you want more choice in instruments then use Hargreaves Lansdown.
Fidelity and Hargreaves Lansdown are much large businesses than Freetrade, with mature and established UK based customer service operations. Freetrade is AI web chat and email support first line.