Our Children’s Savings Plan is a cost-effective, easy way to invest for a child's future through the stock market. You can invest from as little as £30 a month or make one off payments from £250 per trust and you can invest in all eight of the investment trusts we manage. Of course, you may wish to make both monthly and lump sum payments.
How does it work?
When you invest in the Plan, you choose which investment trust or trusts to invest in, how much to invest, and which type of Plan you would like to open. The brochure opposite contains the information and application forms you need to invest for the long term.
The Plan gives you a choice of two ways in which you can invest, choosing from either a Designated Account or a Bare Trust account. A Designated Plan is held in an adult's name on behalf of the child. You can access the Plan before the child is 18* and retain control thereafter. A Bare Trust is held in the child's name but administered by trustees until they reach 18*, when the child may take control of the investment.
You can visit our Investment Trusts section for more information on the trusts we manage including details of risks. Remember, the price of shares may fall as well as rise and you may not get back the amount you invested. Where a trust invests overseas, exchange rates can also affect value and income. You should read and retain a copy of the Key Features and Terms & Conditions of the Children's Savings Plan before making any investment decisions. We would recommend that you print these out for future reference.
Baillie Gifford has also produced a free guide explaining the various ways you can save or invest for a child. The guide will explain how you can use investment trusts to invest for a child and how they compare to other savings and investment options.
Request your free copy today.
The Plan itself has no initial charge and no annual management charge, but there are charges for withdrawals and transfers. The investment trusts incur costs in managing and administering their portfolios - these costs are paid directly by the trusts from their assets. Please read the Key Features of the Plan for more details on charges and how they might affect your investment.
* Please note that the child could gain access to investment in a bare trust when they reach 16; please consult your tax/trust adviser on this point.
