If £3,600 was put into a stocks and shares Junior ISA when the product was first made available in 2011 it would currently be worth nearly £10,000 compared to just £4,000 had the money had been invested in premium bonds during the same period, calculations from Quilter have suggested.
The maximum JISA subscription limit in 2011 was £3,600 and if the full amount was put into a stocks and shares JISA and invested in the IA UK All Company index it would be worth £6,918 today and, if invested in the IA Global index, worth £9,580 over the 10 years (assuming charges of 0.5%). The maximum subscription JISA limit now is £9,000. The same amount invested in premium bonds over the same period would be worth £4,025 assuming no large cash prize was won and using the historical prize fund rates, which offered an average return of 1.25%. Had the money been put in a cash JISA with...
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