Get extra £40 + £35 quidco for opening Child Trust Fund account with family investments - HotUKDeals
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I know this isn't for long but for all those, who are getting £250 for opening Child Trust Fund account, they can earn an extra £75 for their child.

All you need to do is save £30 each month for your child.
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#1
Note that this is invested into the stockmarket. Just saying. Price can go down as well as up.
#2
Hasnt the government scrapped these now?
#3
PaddyZee
Note that this is invested into the stockmarket. Just saying. Price can go down as well as up.


Like the £250 i put into the bank that is now worth about £200. Also note, any monies you put into these account cannot be touched until the child turns 16 and even then only the child has access not you...
#4
put it into a savings account like with the Yorkshire building society guaranteed to go up:)
#5
ThePasty
Hasnt the government scrapped these now?


No not yet - will go down to £50 from 1st August then scrapped next year
#6
vensoft2000
Like the £250 i put into the bank that is now worth about £200. Also note, any monies you put into these account cannot be touched until the child turns 16 and even then only the child has access not you...


Yes but the risk associated with investing compared to saving is much higher, and you have to find a suitiable savings account where it cannot be so easily devalued.

I thought for a CTF it was 18....
#7
vensoft2000
Like the £250 i put into the bank that is now worth about £200. Also note, any monies you put into these account cannot be touched until the child turns 16 and even then only the child has access not you...


I did my homework before investing my childs £250 and put it into a britania building society account that wasnt linked to the stock market :thumbsup:
#8
My childs are linked to the stock market, it took a hammering last year but this year it shot right up so its sitting at £230 at the moment , i personally wouldn't add anything to them, but its worth gambling on the stock market as its free money at the end of the day.
#9
The CTF was a good thing. Any tax free savings are. And your child will need every penny at age 18 if they go to uni and if the cap on tuition fees is lifted. I believe the average student debt will double.

I have been reading that CTFs will be hit by bad rates of interest in the future though. Shame. As far as Quidco goes, I did notice that Engage are paying £50 cashback.
#10
deanos
My childs are linked to the stock market, it took a hammering last year but this year it shot right up so its sitting at £230 at the moment , i personally wouldn't add anything to them, but its worth gambling on the stock market as its free money at the end of the day.


I think stock market options are a good thing in the initial stages of the investment. Then reducing stock exposure is often the done thing. Stock markets have traditionally been on the long term upward, though they are longer term investments and you could lose in the short term.
#11
badgerrules
put it into a savings account like with the Yorkshire building society guaranteed to go up:)

Is the interest rate linked to inflation +something? That's the only way it's going up, if it's sitting in a 2% account and inflation is running at 4% then it's still loosing in reality.
#12
matedodgy
I think stock market options are a good thing in the initial stages of the investment. Then reducing stock exposure is often the done thing. Stock markets have traditionally been on the long term upward, though they are longer term investments and you could lose in the short term.

How much has the stock market gone up in the last 10 years?
It went up through the 80's and 90's but we've hit debt saturation point now. This generation is really getting a good rodgering.
#13
Springveldt
How much has the stock market gone up in the last 10 years?
It went up through the 80's and 90's but we've hit debt saturation point now. This generation is really getting a good rodgering.


Yeah, not to mention the dot.com bubble. But, measured over 80 years, the stock market trend is up I believe.

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