In January 2005 the government will launch the Child Trust Fund, an investment vehicle that can run ...
In January 2005 the government will launch the Child Trust Fund, an investment vehicle that can run for up to 18 years. Children born after 1 September 2002 will be eligible to open one, and government will issue them with vouchers worth £250 to start saving. Children born before that date have a number of other investment options available. Friendly societies allow investments of up to £25 a month to be invested tax free. National Savings Children's Bonus Bonds are also tax free, and allow for lump sum investments of between £25 and £3,000. For parents prepared to take on greater risk with...
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