Child Trust Fund Comparison
Find the best deal with our FREE Child Trust Fund comparison service...
Every child born on or after September 1st 2002 receives a £250 savings voucher from the Government in order to start a Child Trust Fund, and then a further £250 at age seven.
There are many different fund providers and three account options available offering varying levels of risk, so it is advisable to do a Child Trust Fund comparison to ensure you find the best deal for your child.
| Children's Mutual Child Trust Fund | £10.00 pm | |
| Awarded Best Child Trust Fund (CTF) provider for 2006, 2007 and 2008. Up to £40 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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| 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 Child Trust Fund was set up to:
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guarantee children have savings when they reach 18
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help children understand the benefits of saving
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get children into the habit of putting money away
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help children understand about personal finance
There are three main types of account and it is up to the parents to do a Child Trust Fund comparison and work out the best option for their child.
- Savings Accounts: A safe option. The money is secure, and on reaching 18 the child will receive any money put into the account plus interest.
- Accounts that invest in shares : A riskier option. These accounts invest your child’s money by buying shares in companies. When those companies do well and the shares go up in value, they make money, but if they go down, money can be lost.
- Stakeholder accounts: A lower risk option. Stakeholder accounts also invest your child’s money in shares, but the Government has made certain rules, i.e. the money has to be invested in a number of different companies to reduce the risk.
