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Children's Savings affect Benefits?
Comments
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bloolagoon wrote: »CTF can't be gained access until 18 and belong to the child so id think not counted.
Yes but the adults name is linked to the account till the child becomes 18?
Also what if the CTF account has more than £3000 in it?0 -
atlantis187 wrote: »Yes but the adults name is linked to the account till the child becomes 18?
Also what if the CTF account has more than £3000 in it?
But you can never access it, it closes at 18 payable to the child, at no point can you close or withdraw a penny. That is the difference over an ordinary account. Once money is in it only comes out payable to the child when they are 18.Tomorrow is the most important thing in life0
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