Top Child Trust Funds Article Discussion Area

tali

On a Non stakeholder on £1768 for a 6 month period i have recieved £38 annual bonus -good or bad please ?

zarjaz_2

I opened two investment trusts for my 12 year old when she was one. I have been paying £30 to each since then. The funds are Edinburgh UK Tracker and Edinburgh US Tracker. As at today, the combined funds were valued at £8600. I've invested approx £8000, so gained only £800 in 11 years.

I have been thinking of closing the funds, and putting the money elsewhere. I can lock it away for around 5 years, as it's intended to help with university fees.

Questions I have:

Should I close the funds, or leave them?
If close, where should I re-invest?

Anyone venture an opinion?

Gary

Paphos_Gooner

So I'm about to transfer my CTF from Britannia to Chorley Building Society; the interest is due to be paid to the current account on the 1st January - it doesn't make a difference if I move account now does it? I'd still get the same level of interest pro-rata?

Thanks

cloud_dog

Paphos_Gooner wrote: »

So I'm about to transfer my CTF from Britannia to Chorley Building Society; the interest is due to be paid to the current account on the 1st January - it doesn't make a difference if I move account now does it? I'd still get the same level of interest pro-rata?

Thanks

Assuming the Brittania CTF is a savings account then you will get your interest pro-rata.

Smoggie69

I will be opening a CTF once the voucher has arrived for our son. Can I open a Halifax Children's Regular Saver in addition to this?

cloud_dog

Smoggie69 wrote: »

I will be opening a CTF once the voucher has arrived for our son. Can I open a Halifax Children's Regular Saver in addition to this?

The two are completely seperate. The CTF has tax benefits but a child can only have one. You can have as many other savings accounts for children as you like.

You should be aware of the tax implications for interest earned over £100 pa where the money was from a parent/guardian. Interest of more than £100pa is earned in a single tax year tax will be deducted at your highest tax rate.

Paphos_Gooner

Thanks cloud_dog

ANJAL

Has anyone any experience of Self Invest CTF's? Can't seem to find many on the market.... All experiences would be appreciated.

cloud_dog

ANJAL wrote: »

Has anyone any experience of Self Invest CTF's? Can't seem to find many on the market.... All experiences would be appreciated.

SelfTrade and F&C are two that sping to mind.

The Selftrade one is as near to a normal dealing account for a child (CTF) as you will find, pretty much everything available that you could put in to an adults ISA (which is what we've got).

The F&C allows stocks and a choice of 12 funds. Not sure about dealing charges, although they allow 2 free switches per year.

mortgagenomore_2

Hi hope someone can answer my query if a child already has a Child Trust Fund and is receiving £100 maximum a month can they also have a Child Bond account with £25 a month being invested into that also? thanks in advance MNM