Make an Astute Investment with a Free Child Trust Fund Voucher from Scottish Friendly, for the Coming Years of Your Child by Getting Alarge Lump Sum of Money to Be Available when They Get Older
Do you know what the Child Trust Fund is? A startling low number of parents appear to have made the discovery that all babies are given a free £250 voucher from the the State to put. The vouchermay 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 great opportunity to save financial requirements of a young person
Scottish Friendly is an approved provider of the child trust fund. The State is eager for the general public to have access to Stakeholder accounts and this is the form of account that we are catering for.
An interesting feature of the saving for children is that anyone - parents, grandparents, aunts and uncles, friends - can add to the Fund to an uppermost limit of £1,200 per year to help augment the child’s Fund (once added, this money cannot be withdrawn).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 allowed to start up a Children Trust Fund. If you have children born before the above-mentioned date who are not qualified you could contemplate saving for them with a Child Bond - it’s a tax-free savings plan intended for long-term growth. It is evident that investing for a child is a sound means of preparing for tomorrow.
