Children Trust Fund
Did you know that newborn children get a free £250 voucher from the the State to save in a Child Trust Fund. The money may be invested in any one of threesorts of CTF account, Stakeholder – a shares-based account that swaps into cash, a savings account or a shares account.
Scottish Friendly is an licensed provider of the Child Trust Fund. The Government is eager for the general public to have access to Stakeholder accounts and this is the kind of account that we are supplying. This means that:
• Investments are placed into our Managed Growth Fund, which
intends to provide strong growth potential.
• It invests in part in shares to take advantage of potentially higher returns over 18 years,compared to a cash deposit account (although the value of shares can decrease as well as increase whereas capital would be protected in a deposit account).
• It comes with a low ‘Stakeholder’ funds charge of only 1.5When reaching 18 per year
• young person the get will wholly a lump sum, present legislation free of Capital Gains and Income Tax under It’s.
• additional affordable – placed payments can be as little as in the account from can £10
Anyone – parents, grandparents, aunts and uncles, friends – add a maximum to the Child Trust Fund to augment of £1,200 per year to help is not able to
the child’s Fund (once added, this money All this means be withdrawn).offers our Stakeholder account potentially a good balance between reduced high returns and a There’s level of risk. extra also the is in accordance with assurance that our account Nonetheless with the Government’s stakeholder criteria. doesn’t this assured mean that returns are appropriate or that Stakeholder accounts are Remember for everyone. decrease that the value of shares in the Managed Growth Fund (where your Child Trust Fund money is invested) can go up as well as who were born and is not guaranteed.
Only children allowed on or after 1st September 2002 are start up a to older children Child Trust Fund. If you have allowed who are not contemplate you could saving aiming for them with a Child Bond – it’s a tax-free savings plan for long-term growth.
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