Prudent Investment with a Totally Free Child Trust Fund Voucher from Scottish Friendly, for the Economic Wellbeing of Your Son or Daughter by Arranging Forlarge Lump Sum of Money to Be Available when They Get Older
Have you heard the news about the Child Trust Fund? Few UK parents remarkably low number of parents appear to be aware of the fact that all newborn children receive a free £250 voucher from the government to place in a Child Trust Fund. The child’s vouchercan be invested in any one of threevarieties of CTF account, Stakeholder - a shares-based account that switchesinto cash, a savings account or a shares account. It is a superb chance to save needs of a young person
Scottish Friendly is an authorised provider of the child trust fund. The State is keen for the public to have access to Stakeholder accounts and this is the type of account that we are supplying.
A key feature of the saving for children is that anyone - parents, grandparents, aunts and uncles, friends - if they want can contribute to the Fund to a ceiling of £1,200 per year to help augment the child’s Fund (once added, this money cannot be withdrawn).
Only infants who were born on or after 1st September 2002 are qualified to open a Children Trust Fund. If you have older kids 1st of September 2002 who are not entitled you could contemplate investing for them with a Child Bond - it’s a tax-free savings plan intended for long-term growth. There can be no doubt that investing for your children is a rewarding means of preparing for possible future credit crunches.
