30th October 2012

Remember, remember, Junior ISA November, says FundsNetwork

• November 1^st marks the Junior ISA’s first anniversary
• Just 72,000 Junior ISA’s opened out of a possible six million*
• The Junior ISA presents enormous business potential for advisers
• More than 4,900 Junior ISA applications via FundsNetwork since launch

As the anniversary of the Junior ISA approaches, FundsNetwork™ reminds advisers of the benefits and potential the Junior ISA offers to their business and clients.

Since the launch of the Junior ISA on 1^st November 2011 just 72,000 accounts have been opened out of a possible six million*. The potential for adviser businesses is huge as the Junior ISA presents an additional tax saving benefit for parents who want to save for their children’s future.

FundsNetwork has received more than 4,900** applications since launching the Junior ISA with Jupiter Merlin Balanced Portfolio being the most popular investment into the tax wrapper.

Top 10 best selling funds within the Junior ISA since launch:

Paul Richards, Deputy Head of FundsNetwork, comments: “The Junior ISA is ideal for parents and particularly grandparents who want to gift money for the future and shelter it from income and capital gains tax.

“When combined with the adult ISA a family of four could shelter just shy of £30,000 from the tax man, this opportunity more than doubles should advised clients be able to invest in both the 12/13 and 13/14 tax years.“

Tax, Trust & ISA