Halifax launches its Junior Stocks
& Shares ISA on Friday 18th November. The fund is simple,
straightforward and aims to track the performance of the FTSE 100
Index*. Customers are able to top up and value their investment
online.
Simon Kenyon, Halifax Savings and Investment Director, comments:
"We're proud to be able to support the Government's decision to
extend tax-efficient savings for children. This will give families
the opportunity to put money aside and know that their child will
have access to the investment when they need it.
"The Halifax Junior Stocks & Shares ISA is a great way to
give children a head-start as they enter adulthood and move into
the next stage of their lives, whether that's going to university,
entering the workforce or buying a home."
Saving for something special For many parents, the Junior ISA
will represent a 'university fund' for their children. By investing
over the life of an ISA, parents would be able to contribute to
paying their child's university fees.
The Junior ISA will also give those not going on to university
the ability to contribute to a deposit for a first home or get a
great start in life.
Tax-efficient investments The Junior Stocks & Shares ISA
will mature into an adult ISA once the child turns 18 and providing
the funds stay in an ISA, will continue to remain free from income
and capital gains taxes.
Another advantage for children who turn 16 with an existing
Junior Stocks & Shares ISA is they can also invest in an adult
cash ISA, which will allow them to take advantage of tax-efficient
savings on both accounts until they turn 18.
To apply, customers can visit www.halifax.co.uk
About Halifax Share Dealing
Limited
Halifax Share Dealing is a leading execution-only share dealing
service providing multi-channel access to over one million
customers. It was launched in 1997 and offers the highest standards
of online and telephone service to enable customers to get the
most from their Share Dealing Account.
Customers can choose from a range of products and services to
suit their own investment objectives and levels of risk. As well as
the Share Dealing Account, it offers Self-Select Funds ISA, Halifax
ShareBuilder, Contracts for Difference, Self-Select Stocks &
Shares ISA and Self Invested Personal Pensions.
For more information, please see www.halifax.co.uk/sharedealing
. Halifax Share Dealing Limited is also on Twitter
(@halifaxbroker).
Halifax Share Dealing Limited, Registered in England No.
3195646.