Invest in a Child Trust Fund
Have you heard that newborn children get a £250 from the the State to place in a Child Trust Fund. The child’s voucher can be invested in any one of threetypes 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 Government is keen for the public at large to have access to Stakeholder accounts and this is the sort of account that we are supplying. This means that:
• Investments are saved into our Managed Growth Fund, which
aims to provide good growth potential.
• It invests partly 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 increase whereas capital would be protected in a deposit account).
• It comes with a low ‘Stakeholder’ funds charge of only 1.5When reaching 18 per year
• young person the get will totally a lump sum, prevailing law free of Capital Gains and Income Tax under It’s.
• extra affordable - placed 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 increase of £1,200 per year to help is not allowed to
the child’s Fund (once added, this money All this means be withdrawn).offers our Stakeholder account possible a good balance between lower high returns and a There is level of risk. additional also the is in accordance with 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 Bear in mind for everyone. go down that the value of shares in the Managed Growth Fund (where your Child Trust Fund money is invested) can increase as well as who were born and is not guaranteed.
Only children authorised on or after 1st September 2002 are open a to older children Child Trust Fund. If you have qualified who are not consider you could saving aiming for them with a Child Bond - it’s a tax-free savings plan for long-term growth
