Decide on Your Free Children Trust Fund with Scottish Friendly, and Start Giving Your Little One with a Rosier Future when They Turn 18
Kids of today will before very long have to face the tough realities of adult life. This means it is essential to find out about saving when they’re still at school. It is remarkable that knowledge among mothers and fathers of children appears to be unnoticed .
The truth is that
babies receive a free £250 voucher from the government to invest. So there is plainly an opportunity available. The vouchermay be invested in any one of threesorts of CTF account, Stakeholder - a shares-based account that changesinto cash, a savings account or a shares account. It is an wonderful way to save financial requirements of a child
Scottish Friendly is a designated 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 go into our Managed Growth Fund, which seeks to provide good growth potential
It invests partly in shares to take advantage of potentially higher returns over 18 years,compared to a cash deposit account (although the value of shares candecrease 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 1.5% per year
At age 18 the child will receive a lump sum, completely free of Capital Gains and Income Tax under prevailing legislation
It is affordable - additional payments can be placed in the account from only £10
