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CTF for children born berfore 2002?
plusman
Posts: 33 Forumite
Can you set up a Child's Trust Fund for children born before 2002?
My children are 11 & 13 and I am interested in setting up some form of a CTF for them. Is this possible? I know I won't get the government contribution, but can a CTF be set up for me to regularly pay into and for them to access when they are 18? I'd probably aim for a share based rather than a savings based one, or is it possible to have a mixture of both?
My children are 11 & 13 and I am interested in setting up some form of a CTF for them. Is this possible? I know I won't get the government contribution, but can a CTF be set up for me to regularly pay into and for them to access when they are 18? I'd probably aim for a share based rather than a savings based one, or is it possible to have a mixture of both?
0
Comments
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You can use investment trusts and unit trusts but not a CTF based product.
Unit Trusts in your name re: child name would be how you would set them up.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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