Make an Astute Investment with a Totally Free Children Trust Fund Voucher from Scottish Friendly, for the Security of Your Precious Ones by Organising Ahuge Lump Sum of Money to Be Saved when They Turn Eighteen
Are you aware of the Child Trust Fund and its benefits? A remarkably sparse number of parents seem to be aware of the fact that all new babies get a free £250 voucher from the the State to place in a Child Trust Fund. The child’s vouchercan be invested in any one of threetypes 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 youngster
Scottish Friendly is a licensed provider of the child savings voucher. The State is eager for people to have access to Stakeholder accounts and this is the type of account that we are catering for.
A notable attraction of the saving for children is that anyone – parents, grandparents, aunts and uncles, friends – can contribute to the Fund to a top limit of £1,200 per year to help boost the child’s Fund (once added, this money may not be withdrawn).
Only children who were 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 allowed you could consider investing for them with a Child Bond – it’s a tax-free savings plan aiming for long-term growth. There can be no doubt that investing for your son is a sound means of preparing for the future.
