We offer a comprehensive range of tax wrappers to meet your clients needs – for now and in the future. You can apply for the accounts below through the Advance by Embark Platform.
This account is only available within an Advance Junior Portfolio. A registered contact can open an account for a child. The child must:
The Advance Portfolio charge is a percentage charge based on the value of the assets under administration in the client’s Advance Portfolio. For the Advance Junior Retirement Account there is also an ongoing charge which is currently £75.00 each year. £18.75 is payable quarterly in arrears from available cash in the Retirement Account for as long as the account is open. If the account has pre and post retirement arrangements the ongoing charge will be split proportionately to the amount held in each.
To launch our suite of junior products available through the Advance Junior Portfolio, we’ll reimburse the £75 annual charge we take from Advance Junior Retirement Accounts opened from 14 January 2019 until January 2021. For more information on this offer, please read our ‘Addendum to the Advance Portfolio Terms and Conditions’.
As with all investments, there is some risk involved with the Advance Retirement Account.
The account when the child reaches 18
On the child’s 18th birthday, once we have the child’s authorisation, they will take control of their Advance Portfolio and the Junior Retirement Account will become an Advance Retirement Account.
Taking money out of an account
Clients can normally take benefits at any time from age 55, even if still working. If your client is suffering from ill-health, they may be able to take benefits earlier.
Closing an account
If your client changes their mind regarding the Junior Retirement Account, the account can be cancelled within 30 days of the customer receiving a cancellation notice. They can contact us by post at Advance Portfolio Team, PO Box 1200, Cheltenham, GL50 9UP or by email at firstname.lastname@example.org
If your client has taken out a Junior Retirement Account on behalf of a child and they die, the person who assumes parental responsibility for the child will need to take on responsibility for the account.
Allows your clients to replace withdrawals taken out of their ISA, without the replacement contributions counting towards their ISA subscription.Learn More
Clients benefit from tax relief on their payments, benefits to their beneficiaries if they die and a choice about how and when they can take retirement benefits.Learn More
Tax efficient gifting between generations on the Junior stocks and shares ISA.Learn More
The addition of Accidental Death Cover, provided by Zurich Assurance Limited, could help give your clients added peace of mind.Learn More
From launching new products to making changes to support you through the most recent regulatory change.Learn More