Kids of the present day will soon find themselves having to deal the economic realities of adult life. This means it is important to start thinking about saving when they’re .not yet adults. Remarkably that knowledge among mothers and fathers of children seems to be sparse .

The fact is that
infants receive a free £250 voucher from the the State to place in a Child Trust Fund. So there is plainly an investment opportunity available. The child’s vouchermay be invested in any one of threevarieties of CTF account, Stakeholder - a shares-based account that changesinto cash, a savings account or a shares account. It is a marvellous chance to save life of a infant

Scottish Friendly is a designated provider of the Child Trust Fund. The State is keen for the public to have access to Stakeholder accounts and this is the kind of account that we provide. This means that:

Investments are sent into Scottish Friendly’s Managed Growth Fund, which aims to provide good growth potential
It invests in part in shares to take advantage of potentially higher returns over 18 years,compared to a cash deposit account (although the value of shares candecrease as well as go up whereas capital would be protected in a deposit account)
It is available with a low ‘Stakeholder’ funds charge of only 1.5% per year
At age 18 the child will get a lump sum, completely free of Capital Gains and Income Tax under prevailing law
It is very affordable - extra payments can be placed in the account from as little as £10