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Children's Mutual
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The Children's Mutual
- Child Trust Fund
The only company that specialises
in savings for children and the choice of 1 in 5 parents
for their child's Child Trust Fund.
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 a third in the child's
teenage years. The idea is that the CTF account grows
into a lump sum for the child to use when they are 18.
What do I need to do?
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.
Click here for further information
or to apply online
for the
Child Trust Fund with Children's
Mutual
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