Discover the Way You Can Invest with a Free Child Trust Fund Voucher from Scottish Friendly, for the Economic Wellbeing of Your Child by Organising Ahuge Lump Sum to Be Payable when They Get Older
Posted on 16 Aug 2009 | Tagged as: Finance Resources
Heard about the Child Trust Fund? Hardly any mothers and fathers startling modest number of parents appear to appreciate that all new babies receive a free £250 voucher from the the State to invest. Your son or daughter’s vouchermay 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 superb chance to for the future life of a young person
Scottish Friendly is an approved provider of the child trust fund. The State is keen for the public at large to have access to Stakeholder accounts and this is the form of account that we are catering for.
A particularly advantageous aspect of the saving for children is that anyone – parents, grandparents, aunts and uncles, friends – can contribute to the Fund to a top limit of £1,200 per year to help increase the child’s Fund (once added, this money cannot be withdrawn).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 qualified to open a Children Trust Fund. If you have older children 1st of September 2002 who are not qualified you could look at 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 investing for your son is a sound means of preparing for hard times that may lie ahead.
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