whats the £250 the govt gives all new babies called?

9 replies

issywoo · 19/02/2004 21:20

i seem to remember that gordon brown pledged to give all newborns £250 to invest. anyone know what its official name is and how to claim it?

OP posts:

nutcracker · 19/02/2004 21:25

Baby Bond or something similar i think. I don't think you do anything to claim it, they notify you. It hasn't been sorted yet i don't think. My ds is 1 now and we still haven't heard anything.

misdee · 19/02/2004 21:32

its not up and running yuet. i've heard it will be in the form of a 'voucher' which u cant take to banks to invest into a special account. dd2 was born on 1st sept 2002 so i think she will just qualify.

coppertop · 19/02/2004 21:33

I think it's due to start in 2005 - but backdated for babies who are eligible now.

JanHR · 19/02/2004 21:34

I am most peeved, as DD was born on 1st August 2002 and has therefore missed out on this by a month.

lyndsey66 · 19/02/2004 22:00

www.thechildrensmutual.co.uk/CTF/home.jsp - this internet address has all the info about this.

handlemecarefully · 20/02/2004 13:13

Is it means tested or available to everyone irrespective of household income?

coppertop · 20/02/2004 16:56

The £250 is for everyone, regardless of how much they easrn/own. Families with low incomes may be entitled to £500.

eidsvold · 20/02/2004 19:48

snap...JanHR - my dd was born on 1st of August 2002.... and so she too misses out by a month

zebra · 20/02/2004 19:56

There is talk of extending the scheme as a tax shelter you and relatives can invest in on behalf of our child, but not including the govt. voucher for initial £250, though to children born before the present cut-off date.

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