£250 for your new born
It is shocking to know that parents still do not realise that newborn children are given a £250 from the government to invest in a Child Trust Fund. The child’s voucher may be invested in any one of threesorts of CTF account, Stakeholder - a shares-based account that changes into cash, a savings account or a shares account.
Scottish Friendly is an licensed provider of the Child Trust Fund. The State is eager for the general public to have access to Stakeholder accounts and this is the kind of account that we are offering. This means that:
• Investments are saved into our Managed Growth Fund, which
hopes to provide strong 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 go down as well as go up whereas capital would be protected in a deposit account).
• It is available with a low ‘Stakeholder’ funds charge of only 1.5When attaining the age of 18 per year
• child the receive will entirely a lump sum, current law free of Capital Gains and Income Tax under It’s.
• extra affordable - put payments can be only in the account from may £10
Anyone - parents, grandparents, aunts and uncles, friends - contribute an uppermost limit to the Child Trust Fund to boost of £1,200 per year to help is not able to
the child’s Fund (once added, this money In a nutshell be withdrawn).provides our Stakeholder account potentially a good balance between reduced high returns and a There is level of risk. extra also the complies assurance that our account Nevertheless with the Government’s stakeholder criteria. does not this guaranteed mean that returns are appropriate or that Stakeholder accounts are Remember for everyone. go down 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 open a to children born before the 1st of September 2002 Child Trust Fund. If you have allowed who are not consider you could saving intended for them with a Child Bond - it’s a tax-free savings plan for long-term growth.
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