Top Child Trust Funds Article Discussion Area

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  • cloud_dog
    cloud_dog Posts: 6,044 Forumite
    Name Dropper First Post Photogenic First Anniversary
    Yes. A child can have as many other type of bonds/accounts you wish to open for them.

    The CTF has special rules as there are tax benefits within the CTF.

    Please be aware of the Inland Revenue rule regarding income of over £100 pa derived from parents/guardians money.
    Personal Responsibility - Sad but True :D

    Sometimes.... I am like a dog with a bone
  • redrising
    redrising Posts: 8 Forumite
    I just signed up for the Family Investments ethical CTF.

    - quidco £35 cash back
    - set up a £20 direct debit per month to get a £25 boots voucher

    it's not necessary to do the ethical version, i don't think

    /www(dot)familyinvestments(dot)co(dot)uk
  • The_Golden_Goose
    The_Golden_Goose Posts: 1,040 Forumite
    Calling all CTF experts!

    I have a £50 voucher to invest and I was thinking of going down the savings route rather than stakeholder.

    Any hints or tips?
    ** Proud to be dealing with my debts **
    LBM - Jan 2009 _pale_ : £24,802.21 :eek:
    February 2010 :silenced: : £18,078.47 (not including OD)
    July 2010 :( = £16,819.34 (not including OD)
    January 2012 :mad: = £14,338.75 (not including OD)
  • Smoggie69
    Smoggie69 Posts: 73 Forumite
    First Anniversary Combo Breaker
    I'm looking at either the F&C Stakeholder CTF or the Family Investments CTF, but I can't decide whether to take the lower annual charge over the cashback+vouchers. Looking at myeggnest.com I don't think there's much difference in their performance. It's just how the initial benefit of £60 measures against an additional 0.8% over 18 years.

    Does anyone know of a good calculator for this, as the CTF website won't let me use less than £250 for the initial amount, and I have a £50 voucher.
  • Inverleith13
    Inverleith13 Posts: 1 Newbie
    Tried to top up my child's F&C stakeholder for the year only to find out no phone or online payment was possible ( it was in the T&C I was informed), is all lost for the year, if so should I ditch his CTF and go for another product to mak up the loss of the Full year's contribution?

    Seriously disappointed by F&C's customer care and lack of modernity and will ditch F&C.
  • cloud_dog
    cloud_dog Posts: 6,044 Forumite
    Name Dropper First Post Photogenic First Anniversary
    Inverleith13 wrote: »
    Tried to top up my child's F&C stakeholder for the year only to find out no phone or online payment was possible ( it was in the T&C I was informed), is all lost for the year, if so should I ditch his CTF and go for another product to mak up the loss of the Full year's contribution?

    Seriously disappointed by F&C's customer care and lack of modernity and will ditch F&C.
    Why not just send a cheque, or did you leave it a little too late?
    Personal Responsibility - Sad but True :D

    Sometimes.... I am like a dog with a bone
  • Craig_W_2
    Craig_W_2 Posts: 88 Forumite
    First Anniversary Combo Breaker
    Smoggie69 wrote: »
    I'm looking at either the F&C Stakeholder CTF or the Family Investments CTF, but I can't decide whether to take the lower annual charge over the cashback+vouchers. Looking at myeggnest.com I don't think there's much difference in their performance. It's just how the initial benefit of £60 measures against an additional 0.8% over 18 years.

    Does anyone know of a good calculator for this, as the CTF website won't let me use less than £250 for the initial amount, and I have a £50 voucher.


    Err... can't you just put in £250 and divide the results by five to see what would happen to £50?
  • khaki304
    khaki304 Posts: 7 Forumite
    I am looking into getting an F&C non-stakeholder CTF.
    According to their website, it has "No initial charge and no annual plan charge. Running costs are paid from the trust's assets, not from your investment."

    So it sounds like, the value of my investment (since there are no charges to pay) will just depend on how well/badly the funds that I choose within the Share CTF performs. But since there is no such thing as a free lunch, their second sentence leads me to believe that I *will* be paying charges in some other way - can somebody please explain?

    One other question. Martin's "Guide to the CTF" talks about buying non-stakeholder CTFs via specialist discount brokers who rebate some of the charges.
    Am I right in saying that with the F&C non-stakeholder CTF since there are *no* charges that there would be no rebate so I might as well buy direct from F&C?

    Thanks in anticipation of any replies.
  • spaceboy
    spaceboy Posts: 1,906 Forumite
    First Anniversary First Post Combo Breaker
    Our daughter's is with Yorkshire and today we got a letter that the introductory bonus of 0.7% is coming to an end, which puts it down to 2.30%. Is it worth switching?
  • topyam
    topyam Posts: 190 Forumite
    First Anniversary Combo Breaker Xmas Saver!
    There's not much out there to switch too really...

    Don't think we can transfer our CTF account to a junior ISA when these start? I'm thinking that the rates on these might be better - CTF accounts seem to be being forgotten...
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