Select Your Totally Free Child Trust Fund with Scottish Friendly, and Commence Building Your Precious Ones with a More Secure Future when They Grow up
The children of today will in the not too distant future come up against the financial realities of the grown-up world. This means it is critical to be mindful of saving when they’re young. Surprisingly that knowledge among parents of children has been shown to be sketchy .
The fact is that
newly born babies are given a free £250 voucher from the government to put. So there is plainly a chance available. Your son or daughter’s vouchermay be invested in any one of threetypes of CTF account, Stakeholder – a shares-based account that swapsinto cash, a savings account or a shares account. It is an wonderful way to prepare life of a child
Scottish Friendly is a licensed provider of the Child Trust Fund. The Government is eager for the public to have access to Stakeholder accounts and this is the kind of account that we are catering for. This means that:
Investments are paid into our Managed Growth Fund, which seeks 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 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
When attaining the age of 18 the child will receive a lump sum, entirely free of Capital Gains and Income Tax under current law
It is affordable – extra payments can be put in the account from only £10
