Halifax Share Dealing has launched an exclusive fund discount aimed at investors looking to maximise their ISA allowance before the end of the tax year.
From today, investors in the SWIP Diversified Assets Fund will have the initial charge reduced from four per cent to 0.1 per cent and the annual management charge cut from 1.25 per cent to 0.25 per cent.
The fund invests in a range of investments across different asset types and geographic regions, with a target of achieving a return that beats the Bank of England base rate.
Customers selecting the product will receive the annual management charge reduction on a refund basis throughout the year.
For example, investors putting in £10,000 will get £25 per quarter, as long as the value doesn’t decrease.
Damian Stansfield, managing director of Halifax Share Dealing, said: “Opening a funds ISA is a very savvy way to invest tax efficiently.”
The current annual investment ISA limit is £10,680.