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

deanos

My daughter was 7 yesterday

Do you think she will still get the 7 year old payment ?

EDIT: I see it says from 1st August.

DaisyFlower

A wise decision, it was nothing but a labour gimmick aimed at a certain type of voters.

Those that want to save for their childs/childrens future would have done so anyway without the grant.

I am praying that the health in pregnancy grand and sure start grant go to, if you choose to have children you should ensure you financially provide for them and not the state.

Its a small start but lets hope they continue in this matter and that people see that they should provide for their own families rather than the state. Children are a lifestyle choice but lots of people expect someone else to pick up the tab.

Equaliser123

shegirl wrote: »

It's the parents job to save for their children not the state to hand out money to put in an account.

Children should be entitled to something for the future FROM THEIR PARENTS

Exactly. Which is why inheritance tax is such a very unfair tax.

LJM

good im glad, my youngest got it my eldest didnt weve discussed this at length and we also save for them both ourselves anyway and i agree it is the parents place and not the goverment to raise and save for our own children.

claire1977_2

I am in total agreement with this being cut, I have 3 children, a 9 year old who did not get this and a 2 and 3 year old who got the £250 each at birth.
I believe it is a complete waste of tax payers money as Im sure most parents will encourage children to put it to education/training etc when they hit 18 but at the end of the day it is up to that child what it goes to.
Thinking of myself and friends at 18 - going out clubbing and that sort of thing at that age - I know I would not have done the sensible thing with it but would have had a few very good nights out on it and some nice new clothes and I'm sure times will not have changed that much when the CTF generation hit 18.
At the end of the day myself and my Husband are responsible for our children not every unwilling taxpayer who have no say in their hard earned wages being put into my childrens bank account.

claire80

I have 2 kids that both had the £250 voucher and both will miss out on the 7th birthday one now , but tbh i really am not that bothered i think it is a good idea to scrap it and save the country some money , I dont pay into my childs CTF but i do save in a seperate one , i know the return is not as good but our thoughts have always been what if we need that money for something urgent in the future ..say we couldnt pay the mortgage etc im sure my child would prefer a roof over their heads than to have a few quid in the bank . I also expect that there are a lot of people that dont put the money in too and tbh whats £500 gonna get my kids in 18 years time ... It seems to me a good way to claw back some money

Paul_Herring

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.

"Entitled to?" What entitlement?

Anyway, parents get enough state funding for their kids (paid for by everyone, regardless of whether they have kids or not) - and I'm sure this is not a comprehensive list:
a) Schools (nursery, primary and secondary)
b) NHS
c) £190 for being pregnant
d) child benefit
e) Sure Start children's centres
f) Childcare costs

And, sometimes:
1) (Working) tax credit
2) In-work credit
3) Sure Start maternity grant

In addition, there is also mandatory (to your employer) [mat/pat]ernity leave.

Do you really think there is a further entitlement from the tax payer to pay, what on an individual child basis, is a small amount, but in toto, a reasonably large sum?

Incidentally, is there anything out of that list above that you would prefer to be cut instead of the CTF?

RabbitMad

Paul_Herring wrote: »

"Entitled to?" What entitlement?

well said there.

I could never understand why anybody thought this was a good idea.

Now how about EMA (or what ever its called) when's that going to be cut? I never got £35 a week to go to sixth form.

Emma_whitnash

Equaliser123 wrote: »

Exactly. Which is why inheritance tax is such a very unfair tax.

Yes it is, they can scrap that as well. And while they're at it they can abolish stamp duty too! At least the HIP is being scrapped, anyway am digressing here.

The whole tax credits system should be reviewed (why should someone earning over £50k get help from the government!?)

13Kent

I think that the child trust funds were brought in to try to make up for the loss of college grants at 18 - taking away the more costly grants , but giving a small amount at birth that could grow to an amount that could help pay towards college/university at 18.

What the government give with one hand they take away with the other most of the time!