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To encourage saving, the Government has launched the Child
Trust Fund. This gives every child born on or after 1st
September 2002 a voucher worth £250 to kick start their
savings.
There is no need to apply for a Child Trust Fund voucher -
your child's entitlement will be automatically linked to their
entitlement for child benefit.
So, if your child is eligible for the CTF your child's Child
Trust Fund voucher will be sent out to you. You will then be
able to open a CTF with your chosen provider.
There are a variety of account types available including those
that invest in secure cash deposits and others that invest in
shares where the returns are potentially greater, but the
capital is at risk.
Family Investments is an approved CTF provider offering an
account that invests in shares. They are experienced in
providing family savings and investment plans. You can find
out more and apply online here.
The Child Trust Fund from Family Investments is stockmarket
based. As such your child could get back less than has been
invested.
Anyone else can make additional deposits into CTF account each
year, up to an annual combined total of £1,200. Once money is
placed into the CTF, it must remain there until the child is
eighteen at which point only the child is able to access it
and they are free to spend it as they wish.
Family Investments is a mutual organisation with almost 30
years’ experience in providing straightforward investments for
families. In fact, they currently look after around £1.6
billion of family money for over 730,000 people in the UK and
are experienced in providing family savings and investments.
With the Child Trust Fund from Family Investments you can
enjoy:
- Having your child’s savings managed by New Star, a
premier fund manager.
- One of the most recommended stakeholder-type account in
the press throughout 2006.
- Over 30 years experience of helping families save for
their future.
- Our track record in providing excellent customer service
to over 730,000 members.
- Investing in a Child Trust Fund that meets the
government’s ‘stakeholder’ criteria.
(Stakeholder accounts are not guaranteed by the government
nor are they necessarily suitable for everyone).
- A range of online facilities to help you make the most
of your child’s savings.
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