ABOUT THE BAILLIE GIFFORD CHILDREN'S SAVINGS PLAN
| Invest |
- A lump sum investment from £100 per trust
- From £25 a month, for each investment trust you choose
- As much as you want - there is no maximum investment
- By transferring an existing holding in an investment trust managed by Baillie Gifford & Co, once your plan has been opened.
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| Flexibility |
- You can use our Online Management Service (OMS) to manage your Children’s Savings Plan. You can stop and re-start monthly subscriptions whenever you wish, without penalty
- You can switch between trusts in the range managed by Baillie Gifford & Co whenever you wish
- Money can be withdrawn if required. Please note that certain restrictions apply to withdrawals from Bare Trust Accounts.
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| Costs |
- There is no initial charge or annual management charge for the Children’s Savings Plan
- There is a charge of £22 for each withdrawal from the plan
- The first switch between trusts in any 12-month period is free, thereafter it is £22 per switch
- Other charges include the dealing price spread* and government stamp duty of 0.5% on purchases (including all switches) and certain transfers
- The investment trusts also incur costs in managing and administering their portfolios (including dealing costs)
- More information about the impact of these charges on investment in the Children’s Savings Plan is also given in the Application Pack.
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* The dealing price spread is the difference, on any day, between the buying and selling price of an investment trust’s shares, as set by the market makers who hold and trade the shares.
You can request a copy of our Children's Savings Plan Application Pack, which contains all the information you need to invest, including application forms. Alternatively, you can invest online through our Online Management Service