CTF discussion area

cloud_dog

So, basically its dropped about 10% between statements. In the current climate I thinks thats pretty good.

Again, it all comes back to, if you are not comfortable seeing an investment amount less than the amount paid in then move it to a CTF savings account where the amount will continually to slowly grow but you run the risk of the value being erroded by inflation.

You need to consider that your investment (theoretically) has another 16 years to run. Whilst the past is no guarantee of the future, if you think back over the last 16 years how well do you think equity based investments have done, even considering the two / three sizeable crashes.

cloud_dog

cjmumto2

I just received my daughters statement today from HSBC stakeholder and she is down to £217 from £250 and my son has lost money over the last 4 years. I really wish I had chosen an savings account atleast til the market picked up. I am so glad I have not put any money into it.

mrsshopaholic

Thanks cloud_dog, I think, after reading through loads of different posts and reading other sites too, I will leave it as it is and hopefully the market will pick up and it will make more over the next 16years!! (fingers crossed!!)
It has been a very bad year all round which I doubt can carry on like it is??

Kazz

My daughter has just received her CTF voucher for her son & has absolutely no idea where to start. The only thing she thinks she wants to do it have a savings account rather than one where it will lose money.

Any ideas?

cloud_dog

Kazz wrote: »

My daughter has just received her CTF voucher for her son & has absolutely no idea where to start. The only thing she thinks she wants to do it have a savings account rather than one where it will lose money.

Any ideas?

The main thing is to do something, you can always move it if you find something better.

Have a look at the top paying savings based CTF's:

http://www.moneyfacts.co.uk/savings/bestbuys/savings_childtrust.aspx

I would suggest (just my opinion) that your daughter goes for the best rate CTF she can get rather than being swayed by gifts on offer from some providers.

cloud_dog

Kazz

cloud_dog wrote: »

The main thing is to do something, you can always move it if you find something better.

Have a look at the top paying savings based CTF's:

http://www.moneyfacts.co.uk/savings/bestbuys/savings_childtrust.aspx

I would suggest (just my opinion) that your daughter goes for the best rate CTF she can get rather than being swayed by gifts on offer from some providers.

cloud_dog

Thanks coud_dog. Yes, best rates would be better than any free gifts. I've had a look at the link & we're in Glasgow & although there's a Britannia in town I think, there aren't any of the the others, I haven't even heard of them, will look into it though.
Thanks again.

carol9uk

some advice please, ive just got my ctf voucher and been recommend the childrens mutual, any thought, i havent a clue, also can i arrange for child benifit to be paid into that.

thanks

Mrs_Doe

I bought an endowment policy in the 80's. I was told I would get a nice pot of money at the end of the term. Currently it is forcast to be £11-12k short of what I would have needed to pay off my mortgage. In view of this, I can't believe I risked my children's savings in stakeholder CTF. I've struggled to pay in the max for the past 2 years & it is now showing a loss of £300 per child. I'm not convinced that it will be worth more than a savings account in another 16 yrs. Rightly or wrongly, I have now opened a Halifax Regular Saver (10%) & am hoping to put the max into that account for a year. Hopefully, in a year or two the CTF will be in profit again. At that time I will transfer it to a bog standard savings CTF.

netherdene6

Hello

I have two children, one aged 2 and half and one aged 14 months. I invested my daughters into a stakeholder with lloyds TSB, the other i lost the voucher so i have just had word that the government have invested via halifax again stakeholder. It was not until now- cos really im not a money expert and dont really understand tax etc- that i thought when my children turn 18 will they pay tax on this money? I am paying into my daughters monthly but im a little reluctant to pay into my sons if they are going to end up paying some form of tax, and if this is the case surely the fact that i may not be liable for tax makes no sense as at the end of the day it is my money i have invested albeit on my daughters behalf and she will pay tax. I feel that would it not be better for me to just open an ISA for my kids? Is there a way of them avoiding paying tax by reinvestment of some kind- and how will this pay off?????? AT the end of the day can we really ever avoid paying out when all we want to do is give something to our kids?????

JimmyTheWig

Don't believe there would be tax to pay.
Obviously if they then put the lump sum into a savings account they would pay tax on any interest gained on those savings, so at that point an ISA might be a good idea.
I believe you have to be about 16 before you can have an ISA.