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Child Trust Funds
Parents sacrifice luxuries to secure future funds for children
As financial situations worsen, parents are having to cut back on personal luxuries in order to secure a better future for their children, according to research by Family Investments, the family savings specialist and UK's leading Child Trust Fund provider.
Child Trust Fund figures provide cause for hope
HM Revenue and Customs (HMRC) has released its latest quarterly figures on Child Trust Funds (CTF) and according to the home of the child trust fund, The Children's Mutual they spell good news.
Celebrations as the child trust fund generation turn six
Over 3.5million UK children now have Child Trust Fund (CTF) accounts and according to leading CTF provider, The Children's Mutual, these children, their parents and society should celebrate the fact that the CTF is changing saving habits in the UK.
Parents urged to make full use of Child Trust Fund allowance
Parents will be wasting £242 million in tax breaks by not making full use of their children's Child Trust Fund (CTF) allowance this year, according to figures from Unbiased.co.uk.
Children short-changed in Government scheme
In the three years and a half years since the Government launched its Child Trust Fund (CTF) scheme offering £250 to any child born after 1 September 2002, 3.61 million children have benefited, however future generations could see their nest egg put at risk by rising inflation.
Child Trust Fund vouchers go unused
Nationwide reveals that 25% of Child Trust Fund vouchers have already expired and only 57% of live vouchers have been paid in so far this year. This means that around £248 million in vouchers and potential interest has effectively been thrown away for a year by parents failing to use their child's CTF voucher upon receipt.
Teenagers saving to avoid student debt
Many youngsters are saving towards higher education from the age of 11 because they have seen older family members flounder under the burden of university debts, according to research from leading Child Trust Fund provider, The Children's Mutual.
The £4 uniform that earns you £10,000
Traditionally, the average family spends more than £320 a year on uniforms for up to 12 year olds. Thanks to retailers such as George at ASDA offering uniforms at £4, spend could be as low as £32 a year - saving a family up to £290.
Regular CTF contributions on the increase
Regular and lump sum contribution levels into Child Trust Funds are continuing to increase in value according to the latest CTF quarterly survey by TISA - The Tax Incentivised Savings Association.
Family Investments: HMRC Child Trust Fund statistics
HM Revenue and Customs has released the quarterly statistics for Child Trust Funds, revealing the number of CTF accounts opened by parents.
Child Trust Fund rates cut despite savings price war
Parents investing their Child Trust Fund (CTF) money in cash accounts have seen average rates cut by 0.21% in a year despite the ongoing credit crunch boosting payouts across the savings market, analysis by MoneyExpert.com shows.
Government announces initiatives to fight child poverty
The new measures were highlighted by Gordon Brown in a speech last night, in which he said that increasing social mobility must be a driving force for the Government.
CTF opening rates increase to 72%
At this week's Treasury Select Sub-Committee hearing, Economic Secretary Kitty Ussher MP revealed new figures that show CTF opening rates have increased from 70% to 72% as a result of a renewed effort to increase awareness of and engagement with the scheme.
Family Investments welcomes CTF podcast from HMRC
Family Investments, the UK's leading Child Trust Fund (CTF) provider with more than half a million accounts, has welcomed the launch of HM Revenue & Customs' (HMRC) new CTF podcast.
HMRC celebrates a new arrival - the child trust fund podcast
Parents, guardians and mums and dads-to be, can find out everything they need to know about the Child Trust Fund (CTF) in a new HM Revenue & Customs (HMRC) podcast launched today.