Select Your Totally Free Children Trust Fund with Scottish Friendly, and Commence Protecting Your Child with a Better Future when They Reach Maturity
The children of today will before too long find themselves having to deal the economic realities of adult life. This means it is important to be mindful of saving when they’re still at school. It is remarkable that awareness among mothers and fathers of children has been shown to be sketchy .
The truth is that
newborn children get a free £250 voucher from the the State to place in a Child Trust Fund. So there is clearly a chance available. The child’s vouchercan be invested in any one of threevarieties of CTF account, Stakeholder – a shares-based account that swapsinto cash, a savings account or a shares account. It is a marvellous chance to invest life of a youngster
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 type of account that we are catering for. This means that:
Investments are sent into Scottish Friendly’s Managed Growth Fund, which intends to provide strong growth potential
An investment is made 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 is available with a low ‘Stakeholder’ funds charge of just 1.5% per year
When attaining the age of 18 the child will get a lump sum, wholly free of Capital Gains and Income Tax under prevailing law
It is affordable – extra payments can be placed in the account from as little as £10
