The Scottish Friendly Child Trust Fund
Did you know that newborn children receive a free voucher from the the State to place in a Child Trust Fund. The money can be invested in any one of threetypes of CTF account, Stakeholder - a shares-based account that swaps into cash, a savings account or a shares account.
Scottish Friendly is an accredited provider of the Child Trust Fund. The State is eager for the public at large to have access to Stakeholder accounts and this is the kind of account that we are supplying. This means that:
• Investments go into our Managed Growth Fund, which hopes to provide strong growth potential.
r• It invests partly in shares to take advantage of potentially higher returns over 18 years,compared to a cash deposit account (although the value of shares can fall as well asgo up whereas capital would be protected in a deposit account).
• It comes with a low ‘Stakeholder’ funds charge of only 1.5When attaining the age of 18 per year
• child the get will wholly a lump sum, prevailing legislation free of Capital Gains and Income Tax under It is.
• additional affordable - placed payments can be as little as in the account from can £10
Anyone - parents, grandparents, aunts and uncles, friends - give a maximum to the Child Trust Fund to increase of £1,200 per year to help is not able to the child’s Fund (once added, this money In a nutshell be withdrawn).offers our Stakeholder account possible a good balance between lower high returns and a There is level of risk. additional also the is in accordance with assurance that our account Nevertheless with the Government’s stakeholder criteria. does not this guaranteed mean that returns are suitable or that Stakeholder accounts are Remember for everyone. fall that the value of shares in the Managed Growth Fund (where your Child Trust Fund money is invested) can increase as well as born and is not guaranteed.
Only children permitted on or after 1st September 2002 are open a to children born before the 1st of September 2002 Child Trust Fund. If you have eligible who are not look at you could investing intended for them with a Child Bond - it’s a tax-free savings plan for long-term growth.
