Government Set up Trusts Funds

[attagirl]

Not sure if you have heard about this, but here is some information. The Child Trust Fund is a savings and investment account for children. The government will make payments to a child through his account and family and friends can also contribute to the fund. Once the child turns 18, they will have access to the account and will be able to spend the money however they see fit.

If your child was born after 1st of September 2002, and you are currently receiving the child benefits, they are eligible for a Child trust Fund account. You will be required to open a child trust fund account for your child in order to receive payments.

[chelsea1979]

It's tax deductable, right?

[attagirl]

I am not sure that it would be tax deductible if the state if paying into the fund and you are not. That would really be a question for the people who have preparing your taxes that way you are not taking deductions that you should not have.

[anfield89]

I have three boys the eldest missed the free child trust fund set up but the other two received voucher for them. I found the best child trust fund to be the one offer by jumpsavings.com. The people where a joy to deal with and the fund has performed well even at the moment its not doing to badly.

[Consultant_Lorens]

Child Trust Fund account is all about helping to give your child a head start to their adult life - an 18th birthday present that will give them a lump sum that could help them to follow their dreams.