Keydata Plan first Simple structure fund to mature

growth

Keydata Progressive Growth Plan has become the first of around 90 products based on the Barclays Sim...

Keydata Progressive Growth Plan has become the first of around 90 products based on the Barclays Simple structure to mature. The plan, which uses the Structure Investment Management Plan Linked to Equity (Simple) structure, paid out 110% of initial investment a year after launch as the growth in the FTSE 100 index was enough to trigger the early maturity feature. There has been speculation investors could be liable to income tax on the proceeds of the product rather than capital gains tax. The Inland Revenue does not provide upfront advice on the tax position of products. Keydata and Ba...