Plan Your Totally Free Children Trust Fund with Scottish Friendly, and Commence Building Your Precious Ones with a Rosier Future when They Reach Adulthood
The children of today will before too long have to face the economic realities of adult life. This means it is essential to start thinking about saving when they’re young. Surprisingly that awareness among parents of children appears to be sparse .
The position in the UK is that
infants are given a free £250 voucher from the the State to place in a Child Trust Fund. So there is obviously an opportunity available. This vouchermay be invested in any one of threekinds of CTF account, Stakeholder - a shares-based account that changesinto cash, a savings account or a shares account. It is a fantastic opportunity to for the future financial requirements of a child
Scottish Friendly is an approved provider of the Child Trust Fund. The State is eager for the general public to have access to Stakeholder accounts and this is the type of account that we provide. This means that:
Investments are deposited into our Managed Growth Fund, which aims to provide good growth potential
It invests in part in shares to take advantage of potentially higher returns over 18 years,compared to a cash deposit account (although the value of shares candecrease 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 present legislation
It is affordable - additional payments can be put in the account from only £10
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