Invest your child’s £250 voucher now!
Quite a number of people don’t know that newborn children are given a free voucher from the government to place in a Child Trust Fund. The child’s voucher can be invested in any one of threekinds of CTF account, Stakeholder - a shares-based account that changes into cash, a savings account or a shares account.
Scottish Friendly is an accredited provider of the Child Trust Fund. The Government is eager for people to have access to Stakeholder accounts and this is the form of account that we supply. This means that:
• Investments are paid into our Managed Growth Fund, which
intends to provide good growth potential.
• It invests in part in shares to make the most of potentially higher returns over 18 years,compared to a cash deposit account (although the value of shares can decrease as well as rise whereas capital would be protected in a deposit account).
• It comes with a low ‘Stakeholder’ funds charge of just 1.5At age 18 per year
• young person the get will completely a lump sum, current law free of Capital Gains and Income Tax under It’s.
• additional affordable - put payments can be as little as in the account from can £10
Anyone - parents, grandparents, aunts and uncles, friends - give a maximum to the Child Trust Fund to augment of £1,200 per year to help is not allowed to
the child’s Fund (once added, this money All this means be withdrawn).provides our Stakeholder account potentially a good balance between lower high returns and a There is level of risk. additional also the complies assurance that our account However 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 rise as well as whose birthday is and is not guaranteed.
Only children authorised on or after 1st September 2002 are open a to older kids Child Trust Fund. If you have allowed who are not look at you could saving aiming for them with a Child Bond - it’s a tax-free savings plan for long-term growth.
