Baillie Gifford is to launch a children's saving plan based on its six-strong investment trust range...
Baillie Gifford is to launch a children's saving plan based on its six-strong investment trust range on 19 November. The wrapper is aimed in particular at grandparents saving for their grandchildren. Investments start from £30 regular monthly savings or £250 lump sum, in both cases per trust. There are two savings options. The first is a designated account where money is earmarked for a specific child, although on death of the contributor, the sum saved counts as part of the estate rather than as the child's property. The other is a bare trust under which the child receives the mone...
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