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Child Trust Funds
Don't forget Child Trust Funds
TISA is reminding parents whose children hold a Child Trust Fund to review their investment when the new Junior ISA is launched on 1 November.
Children's Mutual finds Brits favour Katie over Catherine
The Children’s Mutual has identified that the British public favour the name Katie over Catherine, but William over Wills.
Child care costs soar by £276 million a year
Families across the UK are forking out an additional £276 million this year to meet rising child care costs compared to twelve months ago, according to research by Family Investments.
This Easter make the most of the Child Trust Fund
Despite the Government's decision to stop creating any new Child Trust Funds from the start of this year, over 5 million British children born between September 2002 and January 2011 hold one of these valuable assets.
Junior ISAs are the ‘rich man's child trust fund'
With the Government announcing details of the new Junior ISA, Stefan Maryniak, savings expert at uSwitch.com, comments on what this will mean for parents:
Saving for our children is important - but what are the options?
With Child Trust Funds no longer available and a new children's savings plan - called Junior ISA - expected to be launched later this year, independent financial research company Defaqto outlines the options available for people that want to start saving for their children in the meantime.
Parents need to save £82 each month to cover tuition fee costs
Parents need to save up to £82 each month starting from the birth of their child if they are to cover the cost of the new university tuition fees cap, according to analysis by Family Investments, a leading children's savings provider.
CTF contribution levels increase
Lump sum contributions to Child Trust Funds have risen for the fourth consecutive quarter, according to the latest statistics compiled by TISA from providers representing 72% of all CTF accounts.
Family Investments partners with Bounty to offer Junior Bond
Family Investments, provider of long-term savings for children, has announced its partnership with Bounty, the UK's favourite parenting club, to offer a Junior Bond.
Bank of mum and dad make children’s savings a priority
As the Government ends contributions to children's savings via the Child Trust Fund scheme at the end of the 2010, new research from Halifax reveals that parents of school children continue to make saving for their future a priority.
Generous grandparents spend over £6k on each child
As parents begin to feel the pinch of Government cuts, new research from M&S Money reveals that grandparents in the UK are providing more than £6000 of support to grandchildren. Over the first 18 years of each grandchild’s life, grandparents gift on average £6165 in either money or presents.
Royal marriage turns spotlight on wedding costs
The announcement of the engagement of Prince William and Kate Middleton has brought wedding costs into the spotlight, with some estimates that the event next year could cost upwards of £50m.
How to instill good financial habits in your teens
While many parents are working to educate their children, new research from M&S Money on over 3,000 under 18s suggests that some teens (14 - 18 years old) are not being given basic help on money matters by their parents.
Children choose caring careers over X-Factor stardom
Children (8 - 13 year olds) are more likely to want to ‘serve and protect' than see their name up in lights when it comes to future career aspirations, according to research from M&S Money.
New tax-free savings account for children
Financial Secretary to the Treasury, Mark Hoban, has announced that the Government will create a new tax free children's savings account. The new account, described as a ‘Junior ISA', will offer parents a simple and tax free way to save for their child's future.