The sooner you start, the more you can spread the cost and the longer your money has to grow. You could be investing for 10 years or more. Investment companies can be more risky, particularly in the short term, but often outperform in the long term.
Investment companies offer a wider choice of investments. This can help you choose a level of risk that you are happy with, or to build a balanced portfolio over time.
Investment company saving schemes start from as little as £30 a month
In the early years, you are likely to have many other demands on your money. However, you can still make a start by putting small sums aside on a regular basis. Saving on a regular basis not only helps to spread the cost over time, it also helps to smooth out some of the ups and downs in the market. Many investment companies are available through savings schemes and Junior ISAs run by their managers.
Investment company saving schemes and Junior ISAs are flexible. You can increase or decrease, or start and stop your contributions, at any time.