Pick Your Free Child Trust Fund with Scottish Friendly, and Start Protecting Your Child with a More Stable Future when They Get Older
The children of today will before long have to face the economic realities of the grown-up world. This means it is crucial to be mindful of saving when they’re still growing up. Remarkably that knowledge among parents of children seems to be little known .
The truth is that
babies receive a free £250 voucher from the government to invest. So there is obviously a chance available. The vouchercan be invested in any one of threevarieties of CTF account, Stakeholder - a shares-based account that changesinto cash, a savings account or a shares account. It is a fantastic opportunity to save life of a young person
Scottish Friendly is a designated provider of the Child Trust Fund. The State is eager for the general public to have access to Stakeholder accounts and this is the form of account that we provide. This means that:
Investments go into our Managed Growth Fund, which intends to provide good growth potential
An investment is made partly in shares to make the most of potentially higher returns over 18 years,compared to a cash deposit account (although the value of shares cango down as well as rise whereas capital would be protected in a deposit account)
It comes with a low ‘Stakeholder’ funds charge of only 1.5% per year
At age 18 the young person will receive a lump sum, completely free of Capital Gains and Income Tax under current legislation
It is affordable - extra payments can be placed in the account from as little as £10
