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halifax childrens regular saver @ 9+%
Comments
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Kazza242 wrote:I found some info on it from the 'myfinances' website. Click Here.With a headline rate of ten per cent, and parents able to open more than one account per child, the Halifax Children's Regular Saver is already creating a buzz in the industry.
Regarding the tax, am I correct in saying that as long as my wife, (a non-taxpayer) is the nominee then we don't have to worry about the £100 interest limit - just her personal allowance - which won't be in any danger until the mortgage is paid off??0 -
I guess, as if you go over the £100 interest then it is taxed as the parents - so if your wife gave it, then it would be taxed as if it was hers and form part of her allowance.
Im not sure about the myfinances siteHalifax has released a child savings account paying ten per cent gross (i.e. after tax) interest on investment.0 -
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Yep - one account per adult, as suspected by lipidicman.
Still, I reckon that we can open four (two for each daughter with separate nominees) - as long as any accounts with me as the nominee don't earn more than £100.
And a word with the grandparents might be in order at the weekend!0
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