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Original poster

How much was your dcs (government) child trust fund worth

125 replies

clueless91 · 05/04/2022 16:02

I'd totally forgotten all about it 🙈
Army family so we've moved loads and I can't even remember who it was invested with!
Dd has just turned 18 and we've sent of the form to track the account down but have no idea what it's worth. I remember there was different amounts depending on when the child was born.
I've never paid into it as I had my own savings account started for her so can anyone let me know what she can expect to get?

OP posts:
worriedatthistime · 05/04/2022 18:39

@CornishGem1975 depends what you got given my ds 2003 got £250 payment but just missed out in the payment at 7 by a few weeks as it changed
My sil on benefits at the time got £500 x 2 as her ds got second payment at 7 as a few months older than ds

Babyroobs · 05/04/2022 18:40

@Fandangoes

wow I can't believe the variety in payouts! We paid in £10 per month since it opened like a PP but DD only got just under £2k last month when she turned 18
It's because some people would have put the original payments in a stocks and shares one which obviously is risky because it can go up and down. We chose the less risky option. Clearly we should have been less risk adverse !!
BertieBotts · 05/04/2022 18:41

Fandangos that doesn't add up... £10 per month for 18 years would be over £2k without the initial payment or any interest. Unless you had it in shares and it lost value?

I think the shares vs standard savings and when paid out would probably amount for some of the difference. I am sure DS's lost money I think from 2020-2021.

Girliefriendlikespuppies · 05/04/2022 18:41

My dds is worth around 10 grand now and we've still got two years to go, have been putting £20 a month in.

I'm really glad I have contributed to it, that will be a massive help to dd when she turns 18.

BertieBotts · 05/04/2022 18:42

I never did a single thing and I seem to remember that meant that it would be in stocks until the child was a certain age and then they would move it to lower risk account. Seemed to make sense to me. Probably these days I'd have researched it to find the best one!

CornishGem1975 · 05/04/2022 18:50

@worriedatthistime I only got the £250

ilovebagpuss · 05/04/2022 18:53

2007 child we add 10 month, last statement was 3500 and she has 3 odd years left hoping its about 5k when done. We put it in a low risk type bond.

Starface · 05/04/2022 19:00

This should be such a lesson to anyone reading this. INVEST and KEEP ADDING EVEN SMALL AMOUNTS (even £10 a month, £25 a month). Compounding over long periods of time really is phenomenal. This is true for your pensions, your CTFs. It is in fact such a simple thing and would genuinely revolutionise people's lives. Those gains are literally money for doing nothing. This is especially true for people with less money, as small amounts over long periods of time grow phenomenally. Get your kids to open a pension with a bit of the money, and start adding every month. Play with some compounding calculators to teach them how adding just a small amount monthly will make a massive difference.
I'd rather the state pension plus £300 a month, for example, than the state pension plus nothing. In fact it will have a much bigger impact on your quality of life if you aren't wealthy. I realise people might have some years with debt, with difficulty contemplating even small amounts. But Martin Lewis is FULL of people beating debt. You can get past all of it and reach a point where you can invest. I want to scream from the rooftops about this.

PurpleFadesToGreen · 05/04/2022 19:02

It's funny, I've just had a statement email for DDs (2005).

Hers had £250 original payment plus the low income extra £250, so 500 all in, and is currently around 580.

DS (2008) only got the 250 and his is around 280, so bugger all really.

They have separate savings accounts anyway.

worriedatthistime · 05/04/2022 19:12

@Starface we never had even £5 a month left when the kids were younger and thats true for many people

Babyroobs · 05/04/2022 19:20

@Starface

This should be such a lesson to anyone reading this. INVEST and KEEP ADDING EVEN SMALL AMOUNTS (even £10 a month, £25 a month). Compounding over long periods of time really is phenomenal. This is true for your pensions, your CTFs. It is in fact such a simple thing and would genuinely revolutionise people's lives. Those gains are literally money for doing nothing. This is especially true for people with less money, as small amounts over long periods of time grow phenomenally. Get your kids to open a pension with a bit of the money, and start adding every month. Play with some compounding calculators to teach them how adding just a small amount monthly will make a massive difference. I'd rather the state pension plus £300 a month, for example, than the state pension plus nothing. In fact it will have a much bigger impact on your quality of life if you aren't wealthy. I realise people might have some years with debt, with difficulty contemplating even small amounts. But Martin Lewis is FULL of people beating debt. You can get past all of it and reach a point where you can invest. I want to scream from the rooftops about this.
The problem is when the child gets access to the child trust fund at 18 and blows 5k in one term at Uni on weekends away with his girlfriend, gambling etc ! I have one son who did this, another who is diligently saving his for his future and another somewhere in between !
Babyroobs · 05/04/2022 19:21

@PurpleFadesToGreen

It's funny, I've just had a statement email for DDs (2005).

Hers had £250 original payment plus the low income extra £250, so 500 all in, and is currently around 580.

DS (2008) only got the 250 and his is around 280, so bugger all really.

They have separate savings accounts anyway.

That's odd, they must have lost a lot of value in stocks and shares then ??
reluctantbrit · 05/04/2022 19:25

DD is 14 and I get a statement each year.

We only got the first £250 and it was around £450 last December. We didn't pay in as we didn't like the loss of control over the money.

She has other accounts for her. future.

Benjispruce4 · 05/04/2022 19:31

When was there an extra amount at age 7? Don’t know if we got that. DD is 2004.

Babyroobs · 05/04/2022 19:34

@Benjispruce4

When was there an extra amount at age 7? Don’t know if we got that. DD is 2004.
My son was born in 2002 and he got £250 at birth then £250 at age 7. My dd was born in 2005 and only got the first payment. I think the second payments and in fact the whole scheme stopped around 2009/ 2010 not long after my ds got his second one. I don't think your dd would have got the second one.
NoSquirrels · 05/04/2022 19:41

@PurpleFadesToGreen

It's funny, I've just had a statement email for DDs (2005).

Hers had £250 original payment plus the low income extra £250, so 500 all in, and is currently around 580.

DS (2008) only got the 250 and his is around 280, so bugger all really.

They have separate savings accounts anyway.

I think these must be in a cash account not S&S?
Benjispruce4 · 05/04/2022 19:42

Thanks. The whole thing was brought in. by Labour)those were the days) and scrapped by the Tory/Liberal coalition in 2011. No surprises there. It was such a a good idea

Starlightstarbright1 · 05/04/2022 19:43

My ds is almost 15. Had a statement a month ago about 750 .. have only added small amounts

Abcdefu · 05/04/2022 19:43

What is this?? Does every child get it?

Benjispruce4 · 05/04/2022 19:47

@Abcdefu
www.gov.uk/child-trust-funds

chirpychirpycheap · 05/04/2022 19:47

We put nothing in - dcs turn 18 last year and got around £1000 - really glad we didn't add to their trust fund - they are at Uni and they would just party harder - instead we have put a notional sum by for them for a deposit or maybe a car if needed - certainly will not be funding excessive partying.😂

Babyroobs · 05/04/2022 19:49

@Abcdefu

What is this?? Does every child get it?
Every child did get it for a few years around 2002 - 2010 I reckon. No one gets it now. It was a labour government initiative.
Benjispruce4 · 05/04/2022 19:51

DD is in agreement to us keeping it until uni. How else will she find her social life? She is working and saving too.

Benjispruce4 · 05/04/2022 19:51

Fund not find

Hertsgirl10 · 05/04/2022 19:58

Would kids born in 2010 have got this?

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