We've teamed up with Family Investments to provide our stakeholder CTF account
Provided by
This Child Trust Fund invests most of your child's money in carefully selected shares to take advantage of what are expected to be higher rates of growth over the long term compared to a cash account. However, please remember that the capital is protected in a cash account where as the value of stocks and shares can fall as well as rise and your child may get back less than has been paid in.
Then, on or before the child's 13th birthday, they will start to invest less in shares and more in fixed interest and cash investments. This is to help protect the value of the account over the last few years of the investment.
All money is invested for the benefit of the child, which only they will be able to access, and only once they reach 18.
To apply or to request an application pack, please click here or call Family Investments on 0800 028 3380 (calls maybe recorded or monitored for training purposes).
A little extra can go a long way!
Before you know it your little one will be all grown up, so it makes sense to try and make sure that any savings they have grow with them. The initial payments from the Government could grow to around £1,000¥ after 18 years, but just look at the difference paying a little extra into your child’s account each month could do:
- £10 extra savings each month could be worth around £4,500¥ - which could help towards a first car!
- £20 extra savings each month could be worth around £8,000¥ - a great help with education or globetrotting!
- £50 extra savings each month could grow into around £18,500¥ - a helping hand towards a deposit on a house or a fabulous wedding!
¥The figures shown allow for a £250 government payment at outset and then again at age seven. They assume that investments grow at 6.75% per year over the full 18 year term with contributions starting at age 0 and with an annual charge of 1.5% (the calculations are not exact). These projections are not a reliable indicator of future performance. These figures are illustrative, not guaranteed, and their future buying power would be affected by inflation.
Manage the account online!
Family Investments now offer an Online Wizard, which is a new way to manage your child’s Child Trust Fund account online. It’s easy to use and offers many great features:
- You can check the current value of your child’s account
- View up to date summary statements
- See what the final value of the account might be at 18 years of age
- See how much you can still top up this year
- Set up and manage your direct debit top ups online
- Add your child’s photo
This CTF is provided by Family Investments. Neither Family Investments or Skipton Building Society is able to give you financial advice on the suitability of this product. If you have any doubts you should seek independent financial advice.
Skipton Building Society offers a stakeholder CTF through Family Investments, a trading name of Family Equity Plan Limited (Co. No. 2208249). Family Equity Plan is authorised and regulated by the Financial Services Authority (FSA) under registration number 122351. Registered office 16-17 West Street, Brighton, East Sussex BN1 2RL.