What to Do with a Free Children Trust Fund Voucher from Scottish Friendly, for the Coming Years of Your Precious Ones by Arranging Forlarge Lump Sum to Be Available when They Grow up
August 10th, 2009Have you heard the news about the Child Trust Fund? A markedly modest number of parents appear to appreciate that all babies are given a free £250 voucher from the government to invest. The vouchercan be invested in any one of threekinds of CTF account, Stakeholder - a shares-based account that switchesinto cash, a savings account or a shares account. It is a great opportunity to invest needs of a child
Scottish Friendly is a licensed provider of the child savings voucher. The Government is eager for the general public to have access to Stakeholder accounts and this is the sort of account that we are supplying.
A particularly advantageous aspect of the saving for children is that anyone - parents, grandparents, aunts and uncles, friends - if they want can add to the Fund to a ceiling of £1,200 per year to help increase the child’s Fund (once added, this money cannot be withdrawn).
Only infants whose birthday is on or after 1st September 2002 are permitted to open a Children Trust Fund. If you have older kids 1st of September 2002 who are not qualified you could contemplate investing for them with a Child Bond - it’s a tax-free savings plan aiming for long-term growth. It is undoubtedly the case that saving for your son is a sound means of preparing for possible future credit crunches.
