child trust fund voucher best place to invest ?????????????

Morning all....
as above really im not very good with this have searched on the internet but still none the wiser !
Where would you guys suggest is best ?
many thanks for all advice
Maria x

12 Comments

Just invest it with your bank, don't bother with it really, you have no control over it. So if your little darling decides to spank all the money, you thought should be used for Uni or a House deposit then tough its under their control only.

I'm with you Alfonse - stick the trust fund anywhere you like but don't bother adding to it monthly - they automatically get the money at 18 which put me off - we have a seperate tax free account for her with the bank.

Once there is a decent amount of money in there I'll probably put it in my ISA, we have a spreadsheet which keeps track of whos money is whos in the ISA anyway - the interest rates are so low at the bank at the mo that tax free or not there's not a lot going on.

Yeah thats what we did too.

Was really put off by the the fact that we have no control over it so if we save a large amount she can still do what she wants with it.

We just opened a standard savings CTF with Yorkshire Bank

Alfonse;8569808

So if your little darling decides to spank all the money, you thought … So if your little darling decides to spank all the money, you thought should be used for Uni or a House deposit then tough its under their control only.



£250 invested over 18 years + £250 invested over 11 years is not going to really be a deposit for a house or pay for uni.

scoff;8570204

£250 invested over 18 years + £250 invested over 11 years is not going to … £250 invested over 18 years + £250 invested over 11 years is not going to really be a deposit for a house or pay for uni.



lmao, it would if you added money to it every month you plonker :roll:

Original Poster

thank you all for your advice Rep added to all xx

I took a stakeholder one out with the childrens mutual and it lost money so stopped the thing grrr!

Alfonse;8570224

lmao, it would if you added money to it every month you plonker :roll:



Where do YOU or the OP suggest adding more money to it.......

I read it as, where should i invest my £250 voucher.... nothing more, nothing less

yours
plonker

Banned

scoff;8571008

Where do YOU or the OP suggest adding more money to it....... I read it … Where do YOU or the OP suggest adding more money to it....... I read it as, where should i invest my £250 voucher.... nothing more, nothing lessyoursplonker



That's generally the point of it though.

I see no problem with paying into the fund. Sure my Son may be able to take it out when he's 18 and do what he wants with it but I imagine he'll still be under my control then, at college and living under my roof. He'll be made well aware of the consequences of squandering the money.

scoff;8571008

Where do YOU or the OP suggest adding more money to it....... I read it … Where do YOU or the OP suggest adding more money to it....... I read it as, where should i invest my £250 voucher.... nothing more, nothing lessyoursplonker



I'm sorry that everyone other than you understood the point of a Trust Fund is to add more money to it, it was a long shot assumption by me.

Alfonse;8571128

I'm sorry that everyone other than you understood the point of a Trust … I'm sorry that everyone other than you understood the point of a Trust Fund is to add more money to it, it was a long shot assumption by me.



No need to apologise, i fully understand the child trust fund.

yours
plonker.

I used mine with family investments 5 years ago now. Been pretty good so far and we add to it every month.

Would it be possible to change it to another trust fund ie: with our bank or does it have to stay where it is for the next 13 years ?
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