Child Trust Funds | Finance

£25 billion bill for 2009 university starters

The cost of university for this year's recent A-level graduates could be as high as £25 billion - almost £3 billion more than last year - according to leading Child Trust Fund provider.

F&C publish free "Guide to Investing for Children"

F&C have published a free "Guide to Investing for Children", designed to show investors that giving their child a financial head start in life is achievable and how to go about this.

Family Investments: HMRC CTF statistics

Kate Baker, Head of Savings and Investments, Family Investments, commented: "At first glance the latest figures from HM Revenue & Customs suggest the Child Trust Fund (CTF) has met with a great deal of success but the low take up amongst poorer families is still a big concern.

75% of parents actively investing Child Trust Fund voucher

The Children's Mutual has welcomed the Government's annual update on the progress of the Child Trust Fund (CTF) and in particular confirmation that 75 per cent of children's accounts are being initiated by parents. Evidence from The Children's Mutual shows that parents who actively open a Child Trust Fund are more engaged with the process of saving for their children and are more inclined to regularly top-up their child's account.

Parents sacrifice luxuries to secure future funds for children

As financial situations worsen, parents are having to cut back on personal luxuries in order to secure a better future for their children, according to research by Family Investments, the family savings specialist and UK's leading Child Trust Fund provider.

Child Trust Fund figures provide cause for hope

HM Revenue and Customs (HMRC) has released its latest quarterly figures on Child Trust Funds (CTF) and according to the home of the child trust fund, The Children's Mutual they spell good news.

Parents urged to top up Child Trust Fund

As consumers search for more practical gifts this year, retail stockbroker, The Share Centre is urging parents and relatives to make the most of their kid's Child Trust Fund (CTF) allowance this Christmas by topping up the account. The Share Centre has also highlighted 4 shares, which could help CTFs sparkle this Christmas.

All I want for Christmas … is a contribution to my Child Trust Fund

TISA - the Tax Incentivised Savings Association - is encouraging parents of children with Child Trust Funds to save gifts of money into the plan this Christmas.

Festive names bring savings joy

As Christmas draws near, children named after the Archangel Gabriel could be celebrating more than stockings and gifts under the tree, as data from The Children's Mutual reveals they historically receive the largest lump sums of cash into their Child Trust Funds.

The present with a future

Some parents might like to consider a present that will last long after the festive season has come to an end.

ASDA offers customers Child Trust Fund incentives

ASDA has announced that it will offer parents-to-be an incentive if they pre-register for an ASDA Child Trust Fund, provided by The Children's Mutual.

Four millionth Child Trust Fund milestone reached

The Economic Secretary, Ian Pearson MP, announced today that over four million Child Trust Fund accounts have been opened since they were introduced in 2005, supporting the savings habit and providing children across the UK with a lump sum when they reach 18.

CTF gives children potential for improved financial future

HM Revenue and Customs (HMRC) quarterly Child Trust Fund (CTF) figures released today highlight the potential for a brighter financial future for our children according to leading CTF Provider, The Children's Mutual.

New levels of child benefit

With new levels of Child Benefit coming into effect from January 5, leading Child Trust Fund (CTF) provider, The Children's Mutual has welcomed the move calculating that 2009 newborns could benefit from a collective lump sum of at least £15.4 billion if families were able to save their Child Benefit into their CTF account over 18 years.

New Year quitters urged to invest in family's futures

Stubbing out your 5 a day habit could help you give your child £15,500 on their 18th birthday. Leading Child Trust Fund provider, The Children's Mutual is encouraging all parents who decide to give up smoking as their New Year's resolution to consider putting the money that they will save towards their children's futures.

Parents educate kids on the credit crunch

Reading, writing and arithmetic are widely regarded as the essential building blocks of learning, but during these days of economic turmoil it seems another R is now being added to children's education - recession.

Young adults still rely on parents for more cash

Parents could be facing a bleak future, owing to the rise of the ‘bungee brood' a generation of young adults who may never sever their links to the parental purse strings, according to a new report released today from The Children's Mutual and the Social Issues Research Centre (SIRC).

Family Investments provider of Abbey Child Trust Fund

Family Investments reveals that it has partnered with Abbey to supply their stakeholder Child Trust Fund (CTF) accounts, available in branch from 29th January.

Child Trust Fund contributions continue to increase

Regular monthly contributions into Child Trust Funds continue to increase and now amount to £12.6 million per month, according to the latest quarterly survey conducted by TISA - the Tax Incentivised Savings Association.

Ray of hope for parents if wider families save

With new figures out reporting the rising cost of raising a child to 21, The Children's Mutual, is reassuring parents that there is a ‘ray of hope' as the Child Trust Fund is helping families of younger children to be better placed to meet these costs. According to the leading Child Trust Fund provider, many grandparents and wider family are already helping parents to save over the long term for children's futures and it believes that this trend will continue as families vow to meet the cost of raising children together.

Child Trust Fund contributions set record levels

Child Trust Fund contributions are at their highest level ever with regular monthly subscriptions at £14.8m and lump sum payments to date in excess of £105m according to the latest quarterly survey conducted by TISA - Tax Incentivised Savings Association.

Friendly Societies open a further 300,000 CTF accounts in 2008

Friendly Societies opened a further 300,000 Child Trust Fund accounts (CTFs) in 2008. With 1.6 million accounts now held in total, friendly societies continue to be the predominant sector in the CTF market.

Parents still engaged with the Child Trust Fund

Leading Child Trust Fund (CTF) provider, The Children's Mutual welcomes the latest official figures showing parents are still investing for their children's financial futures.

Additional savings boost for seven year olds

Whilst some parents of six year olds will be eagerly awaiting the 7th birthday £250 boost to their offspring's Child Trust Fund, research from Engage Mutual reveals that more than half of low income GB adults are unaware of the Government's free cash handouts.

TISA timely reminders to pregnant mothers

For parents and parents-to-be financial management can be a difficult balancing act, on the one hand juggling cash for today's immediate priorities, on the other, setting aside money to build funds for bigger commitments in the future.

Preparing for your child's financial future

When it comes to family, we want to make sure our kids are always well cared for. Whilst we often focus on our children's safety, we don't always want to think about bad things happening to ourselves and the negative impact it would have on their future.