Investing for Children
STOCKPLAN: A Flying Start - investment trust savings scheme
STOCKPLAN: A Flying Start is an investment trust savings scheme that enables parents, grandparents, godparents and other family and friends to invest on behalf of a child.
STOCKPLAN: A Flying Start cannot accept Child Trust Fund (CTF) vouchers as it is not a CTF product.
However, it may be considered for children who are not eligible for a CTF or as an investment plan for use in addition to the CTF, especially where parents would like the opportunity to invest for a child without the constraints of maximum annual limits (currently the CTF annual limit is £1,200).
Investing for a child in The Scottish Investment Trust through STOCKPLAN: A Flying Start couldn't be easier.
STOCKPLAN: A Flying Start allows your clients to invest on a child's behalf in one of two ways - as a designated plan or by setting up a bare trust which is a more formal and tax-efficient method of saving and investing for a child.
Flexible investment
Investments can be made on a regular or lump sum basis or a combination of both and can be stopped and restarted at any time. Furthermore, although STOCKPLAN: A Flying Start is intended as a long-term investment vehicle, the money can be accessed whenever an investor wishes, subject to the terms of the trust if set up as a bare trust.
Regular investment can start from as little as £25 per month - there is no maximum limit. Lump sums start from £250 - again there is no maximum.
Competitive charges
Our approach to charges is simple and transparent. Our charges are among the lowest in the market, which means your clients' money goes further.
- No initial charge
As with all stocks and shares, there is compulsory government stamp duty of 0.5% on purchases and a different buying and selling price applies. There is also a PTM (Panel on Takeovers and Mergers) levy of £1.00 for any purchase or sale of shares over £10,000.
- No annual charge
No annual management fees are paid when investing through STOCKPLAN: A Flying Start.
- Penalty-free closure
Unlike many schemes, there are no fixed investment periods or prohibitive closure penalties with STOCKPLAN: A Flying Start. It costs just £11.95 to withdraw some or all of the holding
For more information on investing for children and STOCKPLAN: A Flying Start and an application pack, please click here.