So what is this Child Trust Fund that all the talk is about?Are you one of the lucky people who are in the know about the Child Trust Fund? Are you clued up on the Child Trust Fund? Few UK parents noticably modest number of parents seem to have heard of the fact that all babies get a free £250 voucher from the government to invest. This vouchermay 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 great opportunity to save needs of a youngster

Scottish Friendly is a licensed provider of the child trust fund. The Government is keen for the general public to have access to Stakeholder accounts and this is the form of account that we provide.

An interesting feature of the saving for children is that anyone – parents, grandparents, aunts and uncles, friends – if they want can contribute to the Fund to a maximum of £1,200 per year to help boost the child’s Fund (once added, this money is not able to be withdrawn).

Only infants whose birthday is on or after 1st September 2002 are eligible to open a Children Trust Fund. If you have children born before the above-mentioned date who are not qualified you could consider investing for them with a Child Bond – it’s a tax-free savings plan looking for long-term growth. There can be no doubt that investing for your children is a rewarding means of preparing for the world to come.