Will Our Children Feel the Benefit of Government's New Fw Wsavings Fund? ; Jeremy Gates Looks at the Junior Isa Plan and Investigates What It has to Offer

Summary

---

ONE of the earliest casualties of the coalition Government's spending cuts was the Child Trust Fund (CTF) - the Gordon Brown- inspired idea launched in 2005 to give every child a lump sum on their 18th birthday.

More than five million children - born on and after September 1, 2002 - have had CTFs opened for them.

See the full content of this document

Extract

---

Will Our Children Feel the Benefit of Government's New Fw Wsavings Fund? ; Jeremy Gates Looks at the Junior Isa Plan and Investigates What It has to Offer

If parents ignored the voucher worth at least pounds 250 given after the birth, then the taxman opened the fund on the child's behalf.

Another pounds 250 voucher was promised when the child turned seven.

With family and friends entitled to add a maximum pounds 1,200 to each individual fund in any one year, some CTFs - invested in equities worldwide, bonds, gilts or standard savings accounts - could top pounds...

See the full content of this document

---