Since the coalition Government's announcement child trust fund vouchers were to be scrapped, using a children's saving scheme attached to an investment trust could take some of the sting out of the loss of those vouchers
Following the announcement shortly after the general election that the days of child trust fund (CTF) vouchers were numbered, a draft Bill is now before Parliament that, if passed, will result in the complete withdrawal of the vouchers by the beginning of 2011. This is a bit of a blow to the future children of the UK, who will not now enjoy the same chance of a foot on the savings ladder extended to their older counterparts born between 1 September 2002 and the end of this year. And from early next month, a phased withdrawal will begin with a reduction in the value of vouchers from £250 ...
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