The Best Ways to Compare Child Trust Funds

The Child Trust Fund (CTF) is a long-term savings and investment plan set up by the Government to encourage you to save for your children’s future. Applicable for all children born after 1 September 2002 and living in the UK, an initial £250 sum is paid out at birth (£500 if your household income is below £14,495)xfollowed by an additional £250 when your child turns seven. In addition to the money paid into this account by the Government, you, your family and friends can contribute up to £1,200 each year. Your children’s voucher can be invested in one of three types of accounts: Cash, Stakeholder or Shares. Cash Accounts operate much like savings accounts, with interest earned on the sum invested. Stakeholder Accounts invest your children's money in shares f View the rest of this article