Learn How to Make the Most of a Free Child Trust Fund Voucher from Scottish Friendly, for the Security of Your Son or Daughter by Getting Asubstantial Lump Sum to Be Payable when They Reach Adulthood
Are you aware of the Child Trust Fund and its benefits? Hardly any mothers and fathers markedly sparse number of parents seem to realise that all newborn children are given a free £250 voucher from the government to invest. The child’s vouchermay be invested in any one of threesorts of CTF account, Stakeholder - a shares-based account that changesinto cash, a savings account or a shares account. It is a superb chance to for the future needs of a child
Scottish Friendly is an authorised provider of the child savings voucher. The Government is keen for people to have access to Stakeholder accounts and this is the kind of account that we are providing.
One of the highights of the saving for children is that anyone - parents, grandparents, aunts and uncles, friends - can add to the Fund to a ceiling of £1,200 per year to help increase the child’s Fund (once added, this money cannot be withdrawn).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 born on or after 1st September 2002 are entitled to open a Children Trust Fund. If you have children born before the 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 looking for long-term growth. It is undoubtedly the case that saving for your children is a sensible means of preparing for the future.
