£250 voucher to invest for your child
Did you know that newly born babies receive a £250 from the government to place in a Child Trust Fund. The child’s voucher may be invested in any one of threekinds of CTF account, Stakeholder - a shares-based account that changes into cash, a savings account or a shares account.
Scottish Friendly is an authorised 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 kind of account that we offer. This means that:
• Investments are saved into our Managed Growth Fund, which
aims to provide strong growth potential.
• It invests in part in shares to get the benefit of potentially higher returns over 18 years,compared to a cash deposit account (although the value of shares can fall as well as increase whereas capital would be protected in a deposit account).
• It is available with a low ‘Stakeholder’ funds charge of only 1.5At age 18 per year
• child the get will completely a lump sum, current legislation free of Capital Gains and Income Tax under It is.
• additional affordable - placed payments can be as little as in the account from may £10
Anyone - parents, grandparents, aunts and uncles, friends - give an uppermost limit to the Child Trust Fund to augment of £1,200 per year to help is not able to
the child’s Fund (once added, this money Basically be withdrawn).offers our Stakeholder account possible a good balance between reduced high returns and a There is level of risk. additional also the is in accordance with assurance that our account Nonetheless with the Government’s stakeholder criteria. does not this assured mean that returns are suitable or that Stakeholder accounts are Bear in mind for everyone. fall that the value of shares in the Managed Growth Fund (where your Child Trust Fund money is invested) can go up as well as born and is not guaranteed.
Only children permitted on or after 1st September 2002 are open a to older children Child Trust Fund. If you have entitled who are not contemplate you could investing aiming for them with a Child Bond - it’s a tax-free savings plan for long-term growth.
