The Child Trust Fund And The Art Of Being A Successful Saver

Do you know what the Child Trust Fund is? A noticably sparse number of parents appear to have made the discovery that all newly born babies get a free £250 voucher from the the State to invest. The child's voucher can be invested in any one of three kinds of CTF account, Stakeholder - a shares-based account that swaps into cash, a savings account or a shares account. It is a great opportunity to prepare for the financial requirements of a infant. Scottish Friendly is a licensed provider of the child trust fund.


The State is keen for the general public to have access to Stakeholder accounts and this is the type of account that we are providing. A major attraction of saving for children is that anyone - parents, grandparents, aunts and uncles, friends - may add to the Fund to a maximum of £1,200 per year to help boost the Fund (once added, this money is not allowed to be withdrawn).

Only children born on or after 1st September 2002 are qualified to start up a Children Trust Fund. If you have older kids who were born before the 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 looking for long-term growth. It is evident that investing for your daughter is a sound means of preparing for the future.

By: RichardR

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Scottish Friendly is one of the leading provides of the Child Trust Fund. They also have other financial products available such as bonds and ISa