Like the kids who’ll be the first to benefit from them, the Child Trust Fund has done a lot of growing up in the four and a half years since it was launched. Introduced in January 2005, the accounts are designed to ensure every child has some savings behind them when they turn 18.
All children born in the UK on or after 1 September 2002 receive a government voucher of £250 to kick start their account, with a further £250 paid into the account at age seven. Children from lower income families benefit from a higher amount of £500 at birth and again at age seven. Continue reading ‘Using Your Child Trust Fund – Easy As Learning Your ABC's’ »