Promoting a longer term savings culture in the UK

children

While the final make-up of the The Child Trust Fund is still to be decided, the principle that the Government will give money to children has already been established

As the Child Trust Fund (CTF) finally reached its formal parliamentary reading at the end of 2003 you may be forgiven for thinking that it has itself been born and reborn a number of times already since it was conceived in early 2000. Should it pass successfully through Westminster during the early part of 2004, the Government endowment of up to £500 for every child born in the UK since 1 September 2002 looks set to finally hit the streets in April 2005. Parents, friends, family and, once they become able, the child themselves will be free to make contributions to the fund, tax free, up t...