Make an Astute Investment with a Totally Free Child Trust Fund Voucher from Scottish Friendly, for the Coming Years of Your Son or Daughter by Getting Ahuge Lump Sum to Be Saved when They Grow up
Have you heard the news about the Child Trust Fund? Hardly any mothers and fathers startling modest number of parents appear to know about the fact that all new babies receive a free £250 voucher from the the State to put. The child’s vouchermay be invested in any one of threesorts of CTF account, Stakeholder – a shares-based account that switchesinto cash, a savings account or a shares account. It is a superb chance to invest financial requirements of a child
Scottish Friendly is an accredited provider of the child savings voucher. The Government is keen for the general public to have access to Stakeholder accounts and this is the type of account that we are offering.
A key feature of the saving for children is that anyone – parents, grandparents, aunts and uncles, friends – if they want can add to the Fund to a maximum of £1,200 per year to help increase the child’s Fund (once added, this money cannot be withdrawn).
Only children whose birthday is on or after 1st September 2002 are qualified to open a Children Trust Fund. If you have older kids above-mentioned date who are not allowed you could look at saving for them with a Child Bond – it’s a tax-free savings plan aiming for long-term growth. There can be no doubt that investing for your son is a sound means of preparing for hard times that may lie ahead.
