Earning Your Childs Trust

The Government is giving each newborn child a voucher worth £250 when their parents register for Child Benefit. This must be used to open an account – called a Child Trust Fund (CTF) account – on the child's behalf. You, your family and friends can all then add to this account.

The Government will make a second contribution when the child is seven and is considering giving a third in the child's teenage years. The idea is that the account grows into a lump sum for the child to use when they are 18. 

Soon after you register for Child Benefit, you'll receive your child's £250 voucher and you'll need to decide where to place it - and the sooner the better. Every day it sits in a drawer you and your child could be missing out. It could be working for them – it could be growing. If you don't use the voucher to open a CTF account within a year, the Government will open a Stakeholder account for your child. So if you want a say where your money is invested from the start, the time to act is now.

There are three types of CTF account,
- Stakeholder – a share based account with built in safeguards,
- Non-Stakeholder Cash Account
- Non-Stakeholder Share-based Account.

Each of these Accounts has their own varying degree of risk. In order to determine what type of account is best suited to you and your child, please contact us and we will be able to advise upon the most suitable account for you.

The value of SOME investments ARE not guaranteed and can go up and down depending upon investment performance.
You COULD GET BACK LESS THAN YOU'VE PAID IN

Partners: Kenneth Harrington & Katherine Harrington
Harrington & Horne Financial Services are Independent Financial Advisers which are directly authorised and regulated by the Financial Services Authority
Head Office:31 Southdown Avenue, London W7 2AG