Childrens savings and income support

greatboy

my grandson hasa trust fund and myson is on income support its along term one until hes 18 does this affect my benifit i dont understand all this

healy

As mentioned by another poster today you are likely to get a better response if you start a new thread. This thread is nearly 2 years old.

greatboy

earthmother wrote: »

If it's intended to be long term savings, then why not put it into the Child Trust Fund account your daughter will have? Any money in there cannot be withdrawn, and can't be included in any means test/benefit calculations.

If the CTF isn't an option for some reason, then Harpenden Building Society do a children's savings account that can't be drawn from until they are 18, which might also be worth considering.

hi so does that mean if your childhad along term trust fund it doesnt counton your incomesupport

greatboy

if your granson has along term trust fund doesthis efect yourincome support

real1314

greatboy wrote: »

hi so does that mean if your childhad along term trust fund it doesnt counton your incomesupport

That was posted in 2007, I doubt they are lloking at the thread any longer. As has been suggested, why not start a new thread to get your questions answered?

greatboy

real1314 wrote: »

That was posted in 200
7, I doubt they are lloking at the thread any longer. As has been suggested, why not start a new thread to get your questions answered?

so is that right childs trust fund long term doesnt effect your benifit

healy

greatboy wrote: »

so is that right childs trust fund long term doesnt effect your benifit

Did you read my earlier post and the one by real that you have quoted?

seven-day-weekend

Greatboy, you need to start a new thread (enquiry); this one is two years old!

greatboy

real1314 wrote: »

That was posted in 2007, I doubt they are lloking at the thread any longer. As has been suggested, why not start a new thread to get your questions answered?

how do i do that

real1314

greatboy wrote: »

how do i do that

Click "new thread" at the top of the board.

As for the child trust fund, it can affect benefits if the kids are included in the award, only if over £3k though. Also bear in mind that you can't just move money into a kids account to stop it counting as your own.