What are the investment Allowances for ISA's?
From April 2008, the yearly savings limit in an ISA will be £7,200, of which up to £3,600 can be in cash.
What is a Child Trust Fund?
The Child Trust Fund is a Government initiative aimed to:
- Help people understand the benefits of savings and investing
- Encourage parents and children to develop the savings habit and engage with financial institutions
- Ensure that in future children have a financial asset at the start of adult life to invest in their future
Who will qualify?
All children born on or after 1st December 2002, who are eligible
for child benefit and resident in the UK, will qualify for a Child Trust
Fund account.
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