Make Good Use of a Totally Free Child Trust Fund Voucher from Scottish Friendly, for the Economic Wellbeing of Your Son or Daughter by Getting Ahuge Lump Sum of Money to Be Saved when They Grow up
10 August 2009Have you heard the news about the Child Trust Fund? A noticably low number of parents seem to have made the discovery that all newborn children receive a free £250 voucher from the the State to place in a Child Trust Fund. The child’s vouchermay be invested in any one of threekinds of CTF account, Stakeholder – a shares-based account that changesinto cash, a savings account or a shares account. It is a superb chance to prepare needs of a infant
Scottish Friendly is a designated provider of the child savings voucher. The State is eager for the general public to have access to Stakeholder accounts and this is the form of account that we offer.
One of the great attractions of the saving for children is that anyone – parents, grandparents, aunts and uncles, friends – can contribute to the Fund to a ceiling of £1,200 per year to help augment the child’s Fund (once added, this money may not be withdrawn).
Only children born on or after 1st September 2002 are qualified to start up a Children Trust Fund. If you have older children 1st of September 2002 who are not allowed you could look at saving for them with a Child Bond – it’s a tax-free savings plan looking for long-term growth. There can be no doubt that investing for your son is a rewarding means of preparing for tomorrow.
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