We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
CTF tracker trust fund
wifeforlife
Posts: 2,735 Forumite
Hi guys
I've come here for help, I've tried reading through other threads but I'm not going to lie, it's all over my head I'm not very good at understanding the investment stuff.
Both my children had government child trust funds, originally they where with nationwide and they're now in something called onefamily, L&G (N) tracker trust fund. I haven't put much money in recently and would like to start again but the funds are reducing and I was wondering should I be moving them to something better
My eldest is now 15 so only 3 years left however my youngest is 9 so still 9 years to go.
Any advice or direction to an existing thread I'll understand will be greatfully received
I've come here for help, I've tried reading through other threads but I'm not going to lie, it's all over my head I'm not very good at understanding the investment stuff.
Both my children had government child trust funds, originally they where with nationwide and they're now in something called onefamily, L&G (N) tracker trust fund. I haven't put much money in recently and would like to start again but the funds are reducing and I was wondering should I be moving them to something better
My eldest is now 15 so only 3 years left however my youngest is 9 so still 9 years to go.
Any advice or direction to an existing thread I'll understand will be greatfully received
0
Comments
-
but the funds are reducing and I was wondering should I be moving them to something better
What would you define as better?
Investments go up and down on a daily basis. You have good periods, nothing periods and loss periods. A loss period does not make something else better. Every risk-based investment will have a loss period.My eldest is now 15 so only 3 years left however my youngest is 9 so still 9 years to go.
The eldest probably shouldnt have something higher up the risk scale but the 9 year old has plenty of time.
Advice on investments is a regulated activity and you will not get it here. Anything written on this site is discussion or opinion (which may or may not be right).Any advice or direction to an existing thread I'll understand will be greatfully receivedI 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 -
With regard to the 15 year old, would it be worth considering selling the investment within the CTF and then moving to a cash JISA?
https://www.skintedmintedmum.co.uk/minted-blog/how-to-transfer-a-child-trust-fund-ctf-to-jisa-with-a-double-scoop-of-tax-allowance.html
https://www.coventrybuildingsociety.co.uk/consumer/product/savings/children/junior-cash-isa.html
With regard to the younger child, would a transfer to eg Vanguard JISA be worth consideration?
https://monevator.com/using-vanguard-lifestrategy-funds-life/0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.8K Banking & Borrowing
- 253.8K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 245.9K Work, Benefits & Business
- 602K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards