| |
Major Site Upgrade in Progress |
|
mina27
Stranger
Joined: 17 Jan 2007
Posts: 3
Location: London, UK
Cash Points ££ 97.40
|
|
|
 |
|
 |
|
 Posted: Wed Jan 17, 2007 10:57 am Post subject: Child Trust Fund week |
 |
|
|
 |
|
 |
|
|
|
|
I see that this week is officially child trust fund week, something which as a new mother is of interest to me... basically it's about convincing more parents to open a CTF account for their kids, though tbh, I don't understand why on earth any parent would NOT invest free money from the government for their child's future 
Has anyone here got young children, and if so how are they investing their vouchers, with whom and why? We're probably going to go for a non-equity stakeholder fund with the children's mutual, since according to these figures it's a strong performer with current interest returns of over 60%... |
|
|
|
|
|
|
|
ladybug
Newbie
Joined: 04 Jun 2006
Posts: 12
Cash Points ££ 245.66
|
|
|
|
|
|
|
| Posted: Wed Jan 17, 2007 3:00 pm Post subject: |
|
|
|
|
|
|
|
|
|
|
| Your right, most parents arent too bothered by them, as £250 is not much, and I would much rather put the money into say a cash isa then a TF, since they are risky i.e. invest in the stock market etc. |
|
|
|
|
|
|
|
mina27
Stranger
Joined: 17 Jan 2007
Posts: 3
Location: London, UK
Cash Points ££ 97.40
|
|
|
|
|
|
|
| Posted: Thu Jan 18, 2007 10:35 am Post subject: |
|
|
|
|
|
|
|
|
|
|
| ladybug wrote: | | Your right, most parents arent too bothered by them, as £250 is not much, and I would much rather put the money into say a cash isa then a TF, since they are risky i.e. invest in the stock market etc. |
aye, although the returns can be much higher with TFs (and the investing is all taken care of by professionals) |
|
|
|
|
|
|
 |
|
 |
|
Sugarbabe
Beginning Saver
Joined: 19 Jun 2006
Posts: 49
Cash Points ££ 1027.04
|
|
|
|
|
|
|
| Posted: Fri Jan 19, 2007 3:23 am Post subject: CTF WEEK: SOCIETIES ANSWER PARENTS’ QUESTIONS |
|
|
|
|
|
|
|
|
|
|
Copied from BSA.org below -
CTF WEEK: SOCIETIES ANSWER PARENTS’ QUESTIONS
Child Trust Fund Week (CTF Week) is a great opportunity for parents to ask questions and get saving for their children, says the Building Societies Association (BSA) today.
Running from 15-20 January, the week of promotional activity led by the Government aims to encourage those parents who have not yet opened their child’s CTF to do so, and for those that have, to get themselves, family and friends to contribute to the fund.
To help parents, the BSA has recently updated its consumer leaflet, The Child Trust Fund and Building Societies¹, which answers the main questions that parents or carers of young children may have about the CTF.
Commenting on CTF Week, Brian Morris, Head of Savings Policy at the BSA said:
“The CTF is a great way for parents to start saving for their child’s future and if parents have any unanswered questions, CTF Week is the perfect opportunity to find the answers. It is also a good chance to encourage family and friends to get involved – perhaps contributing to a CTF at Christmas and birthdays, or even regular top-ups.
“The first step for parents is deciding where they want to deposit their child’s voucher, but it is important not to then forget about their CTF. Regularly topping up a cash CTF can make a huge difference when the child reaches 18. With no top-ups at all, the vouchers will be worth only £1,130² when the child reaches 18, but by topping up by as little as £20 a month it could be worth £8,420. By contributing the maximum amount - £1,200 a year – a CTF could be worth £37,560; a great head start for any 18 year old.” |
|
|
|
|
|
|
 |
Online Finance Tools & Calculators |
 |
| Credit Score Calculator |
Easy to use online Credit Scoring tool - Calculate your credit score now online for FREE ! using the Moneyforums.co.uk credit scoring tool. Also TEN Tips on improving and mainting a good credit rating ! |
|
| Quick Health Calculator |
Easy to use quick health calculator to help you get started on the path to fitness. Calculates your body mass index (BMI). |
|
| "When will I die ?" Calculator |
Calculate when will you die based on your current life style and then more importantly what you can do about extending your lifespan ! |
|
| Mortgage Calculator |
Easy to use online Mortgage calculator tool - Calculate how long it will take to pay off your mortgage and what your monthly repayments will be as well as interest charged per month per each year. |
|
| Savings Calculator |
Use the flexible savings calculator to estimate the amount of interest you would earn given a level of monthly savings, with many optional settings. |
|
| UK Tax Calculator |
Check your tax and NI liability using this easy to use online tool. Outputs, Tax, Ni, Net pay and gross pay on an annual, monthly and weekly basis, also estimates your tax burden and the number of days a year you work for the tax man ! Plus lots of tax saving tips. |
|
|
 |
|
 |
|
Money
Forums Guides |
|
| Credit
Card Stoozing |
The
following guide explains the basics of credit
card stoozing in a step by step basis. |
|
| Discount
Vouchers |
Online
discount vouchers giving upto
50% off in stores such as Dixons,
Tesco, Avon, Currys, Boden and more. Many
of the vouchers are time limited - So check
back regularly |
|
| Money
Saving Guide |
Guide
to saving money on household bills & personal
finances - Start saving thousands of £'s
every year TODAY ! |
|
| Savings
Tree |
A
guide to Savings Accounts, from Cash ISA's to
Regular Savers to Premium Bonds, all explained
in an easy to understand manner. |
|
|
Users
Groups | Profile
| Messages
| FAQ | Sponsers
& Links | Member
list | Recommend this site | Top Money Saving Sitee
© 2004 - 2007 Moneyforums.co.uk / Market Oracle Ltd - Asserts copyright on all topics & posts made on this site. Moneyforums are open forums, and thus posts are NOT endorsed by Moneyforums.co.uk / Market Oracle Ltd . Any and all information provided within the Website is for general information purposes only and nor is or shall be deemed to constitute, financial or other advice. We recommend that independent professional advice is obtained before you purchase any product and/or service. All tools and guides are provided as is for general information purposes only.
|
 |
Website Designed and Mantained by Walsoft.net |
 |
| |
