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Child Trust Funds
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.
You don't need to ‘Bea' millionaire to get on the property ladder
Last week, Princess Beatrice was seen out and about in Belgravia house hunting for a £4.5 million property, financed by a trust fund that matured on her 18th birthday.
New online management tool for Post Office CTF customers
From today Post Office Child Trust Fund customers will be able to have access to a new internet account management service, Online Wizard, which aims to make it easier for parents to manage their child's CTF account.
Women more likely to be responsible for household finances
Women are almost one and half times more likely to be primarily responsible for financial decisions than men in UK households, according to research from Family Investments.
CTF top-ups continue to rise
The latest TISA Quarterly Survey of Child Trust Funds (CTFs) shows that parents and relatives continue to increase savings for their children’s’ future, despite economic uncertainty.
Give credit to your teenagers – it’s likely they’ll turn it down
Britain’s teenagers are far more responsible with money than parents think, according to The Children’s Mutual. While many parents say their offspring would blow a lump sum on turning 18, the youngsters are actually more likely to save than to spend, spend, spend.
Child Trust Funds – three years on
Three years ago we saw the launch of the child trust fund. Each child born after 1 September 2002 receives a £250 voucher which their parents invest.
Let’s talk about debts baby
British parents consider talking to children about money facts to be more important than educating them on STDs, racism or religion - according to new research by Engage Mutual Assurance.
Top of the top ups
While much attention on Child Trust Funds has focused on the volume of government vouchers that have been issued and lost, F&C reports that the overwhelming majority of parents and grandparents in its CTF have been putting their hands in their own wallets and topping up their children's accounts.
Think like a rat says the Children’s Mutual
New parents should start thinking like a rat to save money this Chinese New Year, says leading children’s savings provider The Children’s Mutual.