Alex Cunningham, who represents Stockton North, has advised parents to check if their children benefit from a
Child Trust Fund.
THE
Child Trust Fund celebrated its 16th birthday at the weekend and there's currently PS10bn being held in these accounts.
THE
Child Trust Fund celebrated its 16th birthday at the weekend, and there's currently PS10bn being held in these accounts.
Government vouchers from PS50 to PS250, depending on when a child was born, were given to parents to steve Ferrari, managing director of
Child Trust Funds at OneFamily, said: "In September alone, over 75,000
child trust fund children will turn 16.
Some teens can now manage their CTF themselves THE
Child Trust Fund celebrated its 16th birthday at the weekend and there's currently PS10bn being held in these accounts.
Millions of young people are set to gain access to thousands of pounds on Saturday as the first group of people in the
Child Trust Fund generation turn 16.
The
Child Trust Fund celebrates its 16th birthday on Saturday and there's currently PS10billion being held in these accounts.
Since April 6, every child under 18 has a brand new Junior ISA (JISA) or
Child Trust Fund (CTF) allowance.
Now, junior ISAs often have better rates of interest, with the best available in November at six per cent, compared with the best for a
child trust fund of three per cent.
The treasury stated that the best interest rate for a
Child Trust Fund was 3%, while the best interest rate for a Junior ISA was 6%, as of 19 November.
The Government has designed the new tax-friendly savings account for children to replace the
Child Trust Fund (CTF).