Because of their restrictions, Child Trust Funds are being recommended together with other savings plans for effective family financial planning
Child Trust Funds (CTFs) have been around for a few years now and while they have widely been adopted by the direct private investor, advisers have tended to overlook them because of their limited size. Are advisers missing a trick or are CTFs simply not worth it? Since 2005, over three million newborn children have each been given £250 to be invested in a CTF account by their parents or legal guardian. The aim of the CTF scheme is to encourage the next generation to get into the habit of savings and to teach them from an early age about personal finance and the benefits of investing. The...
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