Which Child Trust Fund?

chouglez

chouglez

Suspended / Banned
Messages
3,817
Edit My Images
No
Got my first child on Boxing Day last year and trying to set up a child trust fund and so confused to go with which one? :thinking: :gag: Any suggestion Mamas and Papas out there? :thinking:
 
I used the Abbey

To be honest they all looked the same to me so chose the Abbey as it was convinient, Not sure if that helps or not :shrug::D
 
Agree with Birdy. At the point of setting up the CTF for my kids, the rates were all pretty similar so I opted for the bank that I usually operate with.

Just check the fees some of the funds charge for administration as this tends to differ.
 
One thing to consider (and I hadn't really thought of it) is that you might be better off investing elsewhere.

As much as we love our kids and with the best intentions in the world they *may* not turn out quite as we'd like. Then consider that on their 18th birthday THEY have control of whatever money you've paid into that account. Not you, them!

So, you spend the next 18 years investing for their future and they blow it all on day one on a motorbike!

Probably better to look at an ISA for them.
 
We went for the F&C one following advice from a financial guru friend. It seems to be doing reasonably well despite the current climate:shrug:

Just remember that it is a very long term investment and, if you don't add any more yourselves, it is not your money being invested so you don't loose.

Good luck:thumbs:
 
We did F&C as well. I think that they are pretty much a tracker with low charges (Its a few years ago that we set it up but I'm sure that that was our criteria). We didnt want some expert blowing the lot on some derivative or other.
 
Dont Bother ...

Spend the money on a decent education
 
You must log in or register to reply here.
Back
Top