A common question that I’m asked is
what’s the difference between an ISA, a junior ISA, a pension. One way to think of this is that if you’re trying to get from A to B a journey you
need a car and if you think about each of these products as car so junior ISA a
stocks and shares ISA a self invested personal pension and a trading
account. They’re just like cars and all cars are different and they’re all taxed differently. So when you want to invest you have to pick the car you want to take your
journey but the one thing all these cars have in common is that they all run on
the same fuel, you go to the same petrol station and they still use the same fuel
to get you from A to B. Investing is very similar so these cars run on funds
shares and ETFs. These are the investments that you can put inside these cars
junior ISAs, ISAs, SIPPs and trading accounts to achieve your investment
objectives and get you to where you want to go in the future.