Child Savings
Compare child savings plans...
It's never too early to start saving for your child's future - and child savings accounts offer a great way of doing this.
See the table below for a selection of leading UK child savings plans and top Child Trust Funds:
| Children's Mutual Child Trust Fund | £10.00 pm | |
| Awarded Best Child Trust Fund (CTF) provider for 2006, 2007 and 2008. Up to £30 of FREE Mothercare Vouchers when you apply online. |
| Engage Child Trust Fund | £5.00 pm | |
| Engage is one of the UK's leading Child Trust Fund providers. Up to £25 in FREE Boots Vouchers if you set up a Direct Debit Online. |
| Jump Child trust Fund | £25.00 pm | |
| Jump is a Child Trust Funds savings plan specially designed for children. It is based on Witan Investment Trust. Witan's objective is to create wealth for its investors through stockmarket investment. |
Disclaimer
Please bear in mind that:
- The value of your investment and the level of any income received from it can fall as well as rise and is not guaranteed and you may not get back the amount of your original investment.
- The list of funds provided above should not be seen in any way as being a recommendation. No advice has been given and you should be aware that any investment which takes place where appropriate will be transacted on an “execution only” basis.
- Full details of the funds, including investment performance statistics and risk profile will be provided in the documentation/brochure sent to you and it is up to you to ensure that you fully understand the nature of investment before proceeding. If you are at all unsure of the suitability of the type of investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.
- If you choose a fund which invests overseas, there is the addition of “exchange rate” risk which could reduce any gains or increase losses if the currency moves against you.
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| Invesco Perpetual Children's Fund | £20 Per Month | |
| The Invesco Perpetual Children's Fund aims to achieve longer term capital growth through a portfolio of investments in UK companies. |
| Jump Children's Savings Plan | £25.00 pm | |
| Jump is a Child savings plan specially designed for children. It is based on Witan Investment Trust. Witan's objective is to create wealth for its investors through stockmarket investment. |
| Baillie Gifford Children's Savings Plan | £30.00 pm | |
| A cost effective Children’s Savings Plan, providing an easy way to invest for a child's future through the stock market. The Plan gives you a choice of two ways in which you can invest, choosing from either a Designated Account or a Bare Trust account. |
Disclaimer
Please bear in mind that:
- The value of your investment and the level of any income received from it can fall as well as rise and is not guaranteed and you may not get back the amount of your original investment.
- The list of funds provided above should not be seen in any way as being a recommendation. No advice has been given and you should be aware that any investment which takes place where appropriate will be transacted on an “execution only” basis.
- Full details of the funds, including investment performance statistics and risk profile will be provided in the documentation/brochure sent to you and it is up to you to ensure that you fully understand the nature of investment before proceeding. If you are at all unsure of the suitability of the type of investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.
- If you choose a fund which invests overseas, there is the addition of “exchange rate” risk which could reduce any gains or increase losses if the currency moves against you.
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The different child savings on offer include:
- The Child Trust Fund: Gives every child born on or after 1st September 2002 and in receipt of child benefit, a kickstart to their savings worth at least £250. You will need to invest the voucher in a CTF account.
- Bank Savings: For young children, parents can open a savings account on behalf of a child, although there is a potential tax liability on the parent if the interest on the child savings account exceeds £100 per year
- Investment Savings: A number of child savings investment plan providers provide plans which are marketed to children and often provide higher returns for regular investment.
Choose the right child savings account for your child and start building their financial future today!
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