Child trust fund voucher...help! - HotUKDeals
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Child trust fund voucher...help!

Lulu'sMammy Avatar
8y, 9m agoPosted 8 years, 9 months ago
Where have you invested your voucher? I'm totally stuck with what to put it into. Any help would be ideal.
Ive heard some give you free vouchers too?
Cheers ears :-D
Lulu'sMammy Avatar
8y, 9m agoPosted 8 years, 9 months ago
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1 Like #1
Im afraid i didnt do much searching around i just stuck it in Britannia where i have all the other accounts, but bounty and places like that were always sending leaflets in the post
1 Like #2
I used the post office for mine as i always find them very reliable for services. You can pick up a leaflet at the counter
1 Like #3
Asda used to give you £20 shopping voucher,i dont know if they still do
#4
will look at all them options, thanks guys, any more?
1 Like #5
I put mine with the childrens mutual as my son already has an account with them, i've put it into a stakeholder and if you add £10 per month they send you £20 mothercare vouchers, and you can set it up online
#6
yep, did mine with asda, had £20 voucher from them
#7
Have you had your voucher yet? i'm still waiting for Sam's
#8
If you into Boots or Mothercare I'm sure you can open up an account and get some store vouchers.
A lot of parents don't know what to do with these,like whats best,so as I never did anything with the 1 I got for Cerys,the government opened up for usand ours went into some stockbroke thingy.
I get a statement every year and I don't understand it at all,I do save elsewhere for my children so I consider what I got as a bonus anyway.I did get 2 vouchers in end as I was on low income when she was born.Like there was a long wait for her to get then they paid in another one or something.
#9
http://www.thechildrensmutual.co.uk/mothercare/default.aspx?page=0

http://www.boots.com/microsites/microsite_info_template.jsp?contentId=2714&openDirectory=2

both through same holder but choice of £20 Boots or £20 Mothercare. You local bank or building society will have accounts if you prefer all in 1 place.
[HUKD Blog Network]#10
Firstly you have to decide what sort of money youre likely to be investing and the amount of "risk" youre willing to take, then decide between Savings, Stakeholder or Share options..
Savings is the safest and there are many providers, so its really just a matter of checking interest rates and incentives (ie. vouchers-as mentioned above or " bonus" money- if your deposits meet the criteria stated.
Stakeholder is the medium risk option but will be reduced when youre child reaches 13 or 14 to minimise a "crash" in youre investment..
Share is shares really and the highest risk ( but some would argue the highest return) but of course there is no guarantee how markets will perform in the future..
Lastly it is worth remembering that money can be moved, so any decision you make does not have to be final, although if you choose a riskier option there can be stamp duty and handling charges should you wish to change, so it is worth finding this out before you committ..An option growing in popularity appears to be choosing a provider that gives more than one option so that the money can be switched more easily..

As i said at the beginning it all really depends on the amount of money youre investing and the risk youre willing to take!
#11
macdoona
Have you had your voucher yet? i'm still waiting for Sam's

yea had it a week, Libs is just gone 4 weeks old so pretty good going for the goverment! What you doing with Sam's?
#12
callan/eva
I put mine with the childrens mutual as my son already has an account with them, i've put it into a stakeholder and if you add £10 per month they send you £20 mothercare vouchers, and you can set it up online

Ive got to be honest, this one is winning so far.
#13
many thanks for all replies, rep given.
#14
traditionally britannia have the best deals for savings.

my child's trust fund is with them, you don't need to promise to add to it, as with schemes that give vouchers.

i did mine on line, as i don't have a local britannia.
#15
Lulu'sMammy
yea had it a week, Libs is just gone 4 weeks old so pretty good going for the goverment! What you doing with Sam's?


Invest at the Halifax same as Nat's (if the thing ever decides to turn up). The kids all have savings accounts with them and i've been with them about 12 years and never had a problem.
Sam is Now 9 weeks old, I'll do more photo's over the next day or so.
#16
I have my lads in Nationwide.
#17
mine is with the abbey i pay 10 pounds per month and its an account that is in the safer end of the stock market but i can take it out of this at any time. I think its a good idea for the first few years to take a slight risk to make the most of the money:-)
#18
i put mine with the childrens mutual via CIS (Cooperative Insurance Services)
They give £20 Amazon Vouchers if a direct debit is set up for a monthly amount.
They have also given me further vouchers when the direct debit was accidentally cancelled and was set back up again. Happy Days!!!

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