What to Do with a Totally Free Children Trust Fund Voucher from Scottish Friendly, for the Security of Your Son or Daughter by Arranging Forhuge Lump Sum of Money to Be Saved when They Turn 18
Do you know what the Child Trust Fund is? A noticably small number of parents seem to be aware of the fact that all babies get a free £250 voucher from the the State to invest. This vouchermay be invested in any one of threevarieties of CTF account, Stakeholder - a shares-based account that swapsinto cash, a savings account or a shares account. It is a superb chance to invest life of a child
Scottish Friendly is a designated provider of the child savings voucher. The State is eager for the public at large to have access to Stakeholder accounts and this is the sort of account that we are catering for.
An attractive feature of the saving for children is that anyone - parents, grandparents, aunts and uncles, friends - may add to the Fund to a ceiling of £1,200 per year to help increase the child’s Fund (once added, this money is not able to be withdrawn).
Only infants born on or after 1st September 2002 are allowed to open a Children Trust Fund. If you have children born before the 1st of September 2002 who are not eligible you could consider investing for them with a Child Bond - it’s a tax-free savings plan looking for long-term growth. It is undoubtedly the case that saving for a child is a rewarding means of preparing for possible future credit crunches.
