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Positive Parenting Week - Child Trust Funds

5th May 2010 Print
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Positive Parenting Week begins on May 7th and is a week designed to acknowledge and recognise the work that parents do for their children. One of the best things parents can do is to ensure they provide financial security for their children from the day they are born.

Raising a child from birth is expensive and in today’s society parents are working even harder to ensure that there is food on the table as children don’t come cheap. With a savings account a child can have money in their account from birth, which they can then use to pay for University costs, buying a car or even a deposit on a property once they turn 18.

One of the best ways to start saving for your child’s future is by opening a Child Trust Fund (CTF), which is a savings and investment account for children. Children born on or after 1 September 2002 receive a £250 voucher to start their account. Parents and family members can put money into the account monthly, with the account belonging to the child and not being touched until they’re 18.

Alternatively there are Children's Investment Plans which are a straightforward, simple way to invest in the global stock market through a range of investment trusts.

In this video we will learn why it’s so beneficial to invest from birth in your child and the possibilities for them once the account matures at 18.

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