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Childs Trust Fund
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vixenlouis
Posts: 57 Forumite
What would be the best trust fund - family society to use to set
up a saving fund for my children
Looking at something for around £20.00 per month over 10 year.
Thanks for your help
up a saving fund for my children
Looking at something for around £20.00 per month over 10 year.
Thanks for your help
0
Comments
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The CTF has a defined maturity date so that wont fit in with your 10 year requirement. You would have to use a different tax wrapper if you want the money out in 10 years.
Typically unit trusts or investment trusts are the way to do it. £20pm doesnt give much choice given the small amount but there are still a few that will go to that level.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 -
HELP!!!! I have absolutely no idea where to put my daughters £250 as my boys are too old to qualify for the vouchers. any advice would really be appreciated0
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anxious_mum wrote: »HELP!!!! I have absolutely no idea where to put my daughters £250 as my boys are too old to qualify for the vouchers. any advice would really be appreciated
Please start your own thread and not hijack someone elses. It isnt fair on the OP. However, you should read the CTF thread at the top of the forum.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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