CTF discussion area

matimage

I sent off my application & CTF cheque to Britannia over a month ago and not heard anything? Is this right or shold I start chasing?

barnishroader

matimage wrote: »

I sent off my application & CTF cheque to Britannia over a month ago and not heard anything? Is this right or shold I start chasing?

I have applied to them as well but got my paperwork back after a couple of weeks.
I maybe should recheck it in case it wasnt the actual agreement!!

charlie08

I was wondering, can I put my sons CTF voucher in to the Halifax childrens regular saver account with 10% interest?

Also, my other son who is nearly 3, has his in a nationwide account, could i transfer that over to the Halifax aswell?
Thanx

mrscairns_2

Hi, I've just been looking at the comparison tables for stakeholder CTFs on https://www.myeggnest.com

As far as I can see (I don't know much about all this!), they show that the Family Investments Ethical Fund has out-performed all the others by quite a long way. Does anyone know why this might be, or know of any special circumstances about this? I realise that past performance is no guarantee of future, but since it is an actively managed fund it seems like they know what they are doing???

I was looking for an ethical stakeholder anyway, so I'm tempted to go with this.

Like others I was unsure about the impact of the credit crunch, but I'm kind of assuming it's good/OK to buy now, as things will recover over 18 years and we'll be buying at a relatively low price. (this is my self-justification for the fact that my daughter is already 10 months old and the voucher is still gathering dust - yes I know I should have put it straight into savings at least, as Martin suggests!!)

Thanks for any comments on this especially on Family Investments

john5_2

Investment risk is also a time issue. Investing in the UK stockmarket, for example, for 1 year is considerably riskier than investing for 18 years thanks.

Star

charlie08 wrote: »

I was wondering, can I put my sons CTF voucher in to the Halifax childrens regular saver account with 10% interest?

Also, my other son who is nearly 3, has his in a nationwide account, could i transfer that over to the Halifax aswell?
Thanx

Unfortunatley no you can't as its not a CTF account. Plus you can only save £100 each month with the Halifax account.

mikeyw

mrscairns wrote: »

Hi, I've just been looking at the comparison tables for stakeholder CTFs on www.myeggnest.com

As far as I can see (I don't know much about all this!), they show that the Family Investments Ethical Fund has out-performed all the others by quite a long way. Does anyone know why this might be, or know of any special circumstances about this? I realise that past performance is no guarantee of future, but since it is an actively managed fund it seems like they know what they are doing???

I'm a bit dubious about myeggnest.com and wonder if they are backed /sponsored by Family Investments ?

Can anyone confirm they are truly independant ?

I've seen a Daily Mail table showing FI Funds as been very average - i'm confused as i've applied for the FI ethical but am having 2nd thoughts....

baby_boomer

charlie08 wrote: »

I was wondering, can I put my sons CTF voucher in to the Halifax childrens regular saver account with 10% interest?

No. It's not a CTF acccount and maximum montly payment is only £100 whereas your CTF vouchers is for £250.

robp

Well, our bundle of joy arrived in August and we've now made our choice of where to invest his CTF.

The lucky recipient of his £250 was F&C Shares. We've gone for the Equity & Income Investment Trust as a core holding, and have added £250 extra in the Private Equity fund.

Hopefully with the markets low, he'll gain over the 17 years and 10 months until he's 18. Obviously we'll start converting some to lower risk holdings as he gets older).

baby_boomer

Good luck. The timing could well be right for equity investment - especially if you are adding to it regularly.

Just thought I'd drag this up from October 2007

baby_boomer wrote: »

We should have known that the timing had to be wrong when the government was recommending stock market investment :rolleyes:

As the financially illiterate are proportionately more likely to have left the business in the hands of the government, this could be [yet] another blow by New Labour against the low paid

As well as currently offering 6-7% tax free and risk free, a cash CTF is the best/only way for parents to give any significant cash sums to their children without the children being liable for tax on cash gifts of as little as £1500 in the case of a single parent.