F&C launches Junior ISA to diversify investments for children suite
F&C has expanded its long established children's investment proposition, with the launch of the F&C Junior ISA, offering families a tax efficient way to plan for their child's financial future.
The savings account, specifically designed for children, provides investors with access to F&C's award-winning and diverse range of investment trusts and is available for the 2012-2013 tax year.
Tracy Fennell, Group Head of Marketing at F&C commented: "F&C has a long history of providing families with suitable ways to save for children, being one of the first firms to offer a Children's Investment Plan. We also have a proud heritage in investment trusts, having pioneered the concept in 1868, with the launch of Foreign & Colonial Investment Trust, which we still manage to this day.
"With future generations faced with ever increasing financial pressures, such as higher University fees, F&C has sought to provide a straightforward way for parents and relatives, to invest in the future potential performance of our range of investment trusts and begin to save for their children's future. The F&C Junior ISA ultimately allows families to take advantage of potential stock market performance over the long term, but in a flexible and tax-efficient manner."
The F&C Junior ISA can be invested in from as little as £30 per month, with a total annual investment limit of £3,600. It offers flexibility, as investors can set up and manage the account online. They may amend the amount contributed at any time as well as selecting which F&C investment trusts they wish to invest in to best suit return goals and risk return profile. At age 16, the child is able to choose which F&C trusts they invest in themselves.
The F&C Junior ISA is open to UK resident children, born before 1 September 2002 or after 2 January 2011, who did not qualify for a CTF. An F&C Junior ISA will be rolled into an adult ISA when the child reaches 18.
The value of all stock market investments can go down as well as up and you may not get back the full amount originally invested. The value of any tax benefits depend on your individual circumstance and all tax rules may be changed in the future.