Posts Tagged ‘child savings’

Family Investment Child Trust Fund

by Money Market
March 15th, 2009

Family Investments – Child Trust Fund provider
To encourage saving, the Government has launched the Child Trust Fund. This gives every eligible child born on or after 1st September 2002 a voucher worth £250 to kickstart their savings.

There is no need to apply for a Child Trust Fund voucher - your child’s entitlement will be automatically linked to their entitlement for child benefit.

So, if your child is eligible for the CTF, your child’s Child Trust Fund voucher will be sent out to you. You will then be able to open a CTF with your chosen provider.

There are a variety of account types available including those that invest in secure cash deposits and pay interest, and others that invest in shares where the returns are potentially greater, but there is a risk …

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