Make an Astute Investment with a Free Child Trust Fund Voucher from Scottish Friendly, for the Economic Wellbeing of Your Child by Arranging Forsubstantial Lump Sum to Be Available when They Turn Eighteen
Have you got to grips with the Child Trust Fund and the benefits that it can bestow upon your kids? A surprisingly modest number of parents appear to have heard of the fact that all new babies get a free £250 voucher from the the State to put. The child’s vouchercan 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 an excellent way to save needs of a child
Scottish Friendly is an authorised provider of the child trust fund. The State is keen for the public at large to have access to Stakeholder accounts and this is the form of account that we are providing.
One of the highights of the saving for children is that anyone - parents, grandparents, aunts and uncles, friends - may give to the Fund to a ceiling of £1,200 per year to help boost the child’s Fund (once added, this money is not allowed to be withdrawn).
Only children whose birthday is on or after 1st September 2002 are permitted to open a Children Trust Fund. If you have older children above-mentioned date who are not entitled you could look at investing for them with a Child Bond - it’s a tax-free savings plan aiming for long-term growth. It is undoubtedly the case that investing for your son is a sensible means of preparing for hard times that may lie ahead.
