Best place to put CTF...

Discussion in 'Work & Finance' started by Sophie1205, Dec 10, 2009.

  1. Sophie1205

    Sophie1205 TTC #2

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    I reallllyy need to get Leo's child trust fund sorted out!
    But I really dont understand it or know where to put it.
    Help anyone??? :flower:
    xx
     
  2. Sarahkka

    Sarahkka Mama to Two Fine Boys!

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    In Canada, we have the RESP (Registered Education Savings Plan). If you invest in an approved plan (anything from a mutual fund to a savings account), the government will match it by 20%, up to a limit. It has to be used for education, but it's pretty brilliant for savings. Do you have anything similar in the UK? That would be the first thing I would check into.
    Good luck!
     
  3. chuck

    chuck Well-Known Member

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  4. jackiea85

    jackiea85 Mum of 2 boys

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    ^^^ that link is really handy. I had no idea what to do with Joseph's, it all confused me, I went with the Children's Mutual in the end, it sounded quite good (what I understood of it lol) x
     
  5. candeur

    candeur Well-Known Member

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    I put Seren's with the Childrens Mutual, in a stakeholder account. I got a statement through a couple of months ago and my amount has gone up to about £370 :)
    I know it can go down as well as going up, but my way of thinking is that she's not going to go without either way.
     
  6. polo_princess

    polo_princess ♥ Brookes Mummy ♥

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    I put Brookes in a regular savings account with Nationwide, in the current financial climate i felt it was was the best option, also who's to say we arent going to go into recession again in 18 years time.

    So i took the lower value (in the end) but safer option
     
  7. Donna35

    Donna35 Guest

    I put JJ's in Lloyds TSB but they do it in the Childrens Mutual - we received £20 in Boots vouchers for doing it - bonus lol
     
  8. jackiea85

    jackiea85 Mum of 2 boys

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    Lol we got £20 in vouchers for Mothercare from the children's mutual :thumbup:
     
  9. Sophie1205

    Sophie1205 TTC #2

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    Ahh Im with LLoyds. I might just ask them about it
    thanks xx
     
  10. Shinning_Star

    Shinning_Star WTT for a possible no4???

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    I've been looking for a 'normal' account that doesn't put it in shares but couldn't find one so I will pop into nationwide, cos I had no idea they did one.

    My little boy had 500.00 in 2004 due to being on a low income at the time and I put it into abbey stkeholder under the impression (I asked) that it would not go below what we had put in, well a few months ago I find out that his account has lost 60.00 in five years!!!!!!!!!!!!!!!!!!!!! So I tried to move it, and had alot of trouble!
    SO I am trying to put Olivia's into a normal account tbh.OK it won't make any money right now, but the iterest rate is bound to go up now as we come out of the recession and then they wn't loose anymore!
     
  11. Jemma_x

    Jemma_x Mummy and Engaged

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    i did exactly the same with connors put it in a savings account with nationwide for the same reason
     
  12. Marleysgirl

    Marleysgirl Mum to a SCBU Warrior!

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    There's a good explanation of CTF options here.
     

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