Decide on Your Totally Free Children Trust Fund with Scottish Friendly, and Commence Building Your Little One with a More Financially Secure Future when They Turn Eighteen
The children of today will before very long find themselves having to deal the harsh realities of the modern world. This means it is important to find out about saving when they’re still growing up. Remarkably that knowledge among mothers and fathers of children appears to be sparse .
The entitlement is that
new babies get a free £250 voucher from the the State to invest. So there is clearly a chance available. The vouchermay be invested in any one of threevarieties of CTF account, Stakeholder – a shares-based account that switchesinto cash, a savings account or a shares account. It is a marvellous chance to invest financial requirements of a youngster
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 offering. This means that:
Investments go into our Managed Growth Fund, which seeks to provide good growth potential
An investment is made partly 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 go up whereas capital would be protected in a deposit account)
It is available with a low ‘Stakeholder’ funds charge of just 1.5% per year
When attaining the age of 18 the young person will receive a lump sum, entirely free of Capital Gains and Income Tax under current legislation
It’s affordable – additional payments can be put in the account from only £10
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