Age 7 government child trust fund payments not being released!!!

Emma_whitnash

shegirl wrote: »

I'd agree with vouchers for the Sure Start Grant but that would exclude secondhand buying which in reality is what you should do if you can't afford new!There is an abundance of ways to get something used or get cheaper items.

I wouldn't agree with vouchers for the Health in Pregnancy Grant as it's the most ridiculous grant to ever exsist!I remember threads on Netmums asking people what they were going to do with theirs and replies included;buy new carpets,decorate the house/flat,have a weekend away with the oh,get myself some new clothes,new toys for the kids,treat myself and save towards a holiday!!!

I'd not heard of either of these with my 1st pregnancy (my son's not 2 yet!). Got the Health in Pregnancy grant thing from my MW this time around and whilst it seemed like a good idea at the time, what a waste of flippin money!

The CTF should be scrapped, it's just unfortunate we can't withdraw the money already saved (which doesn't earn much anyway, in fact my son's account lost money last year). I save my child benefit into an account for him and will do the same for my 2nd.

We all have to live within our means, if that means 2nd hand stuff (which all of mine was 1st time and will be this time too) then so be it.

Percy1983

The whole system was wrong anyway, as mentioned when somebody hits 18 why should they have less money than there mate because there parents eatny more 18 years ago?

With that how may of this trust funds are just going to pay for p**s ups when they are 18.

I don't have children right no but do plan them in the next few years and I don't feel I should be entitled to anything, goes back to the reward for nothing culture labour seem to like. You were born have some money for nothing, you can't be bothered going to work have some money for nothing...

lanstrom

I think the answer is fairly obvious ...

The government should have set up a fund so that when the child reaches 17 they get issued with 'vouchers' for further education and learning material. This would encourage people to go into higher education, earn a better wage and thus pay more tax which could be put back in the pot.

Why wouldn't they do this ?!

smartie12

Oh good!!:D

I don't care that my little bubs who is due in Sept will miss out on £250. I always thought the Child Tax Fund was a stupid thing especially for those who don't have jobs/low income and whose babies get £500!!

I would rather the money go towards something like education where ALL children benefit.

I can just see a lot of kids turning 18, getting their hands on the money and it being used on something stupid:mad:

Parents should be the ones who save for their children... not the blimin government!!;)

DarkConvict

Its a good move in my opinion. The argument that it is just borrowed money is very true, its not a redistribution of wealth. Borrowed money incurs interest and administration costs.

As others have said it was not done before and people coped just fine. When you starting dishing out money people become reliant. Friends who lived in the Greek islands told us over 15 years ago Greece was going to be in the state it is today as they all moved to tourism and lived on handouts. Enter recession, luxuries reduced, tourism down.... and they can't cope.

We (although i only made my first vote this month) voted in the people who put us £900bn in debt, its up to us to dig in our heels and get out of it. Tax needs to go up, spending needs to come down. We spend more money each year on debt interest, than we do on defence and education!

jcr16

i have 3 children so i am not being biased. but i don't mind one bit the £250 trust fund money being cut. we will save for our children anyway, yes it a nice bonus, but that money the goverment can spend so much better else where.

also the £500 a baby. yes i was very grateful for it. and i made sure it all went on my children. but i know of people who get the money and don't spend it on the kids. so i think this also could go. it is helpful. but you can buy just as good second hand items if money is tight.

i think there are some sensible cuts the goverment can make, others i not so sure. but lets see how things unfold.

joanne_d_3

My kids are now 17 , 14 and 12...... none of these "grants" or child trust fund payments were around when i had them and we managed just fine !

Joanne

mitchaa

jinkssick wrote: »

Im outraged this is an absolutely disgusting disgusting decision. Not only will they be increasing taxes to cover the deficit but also not allowing children, to get money they should be entitled to.

You appear to be in a vast minority with your opinion.

When you think about it logically, it makes sense. Money is not grown on trees, we need to cut back, schemes like this should be the first to go.

co123456

About blooming time. I wasn't remotely interested in this poorly thought out scheme as I had debts (mortgage) and thought that I could probably give my children a better life myself, by paying back what I owed, rather than putting into this account.

Have you seen the rate of return offered by these fantastic savings accounts? How much am I costing the state by forcing them to manage two accounts for 18 years.... each containing £250?

I am amazed that someone on 70K+ is entitled to this 'gift'...... as much as I'm amazed that someone earning 50K might still receive Tax Credits.

Is it possible to donate the cash already granted to something a little more worthy?

jcr16

jinkssick i respect your opinion.

but surely it is the parent's who should save and help support their children later on in life and not the goverment. teach a child wise and they will learn to earn and save money themselves. and not be expecting the goverment to always give it to them.