Child trust fund-invest where?

[Beauregard]

Where is the best place to invest the child trust fund voucher ? all ideas welcome please as i dont have the foggiest!

bump

Hi Pelvicfloornomore, there's been loads of threads on this, have you checked the archives? Our is with F & C in their Graphite enterprise trust.

-doh!
Thanks orinoco will do .x

Boring I know, but we put ours in the Halifax just because it was easy and convenient.

I need to know too - I've got 6 weeks before the year 's grace runs out!

Archived messages does't seem to working properly ....

Someone told me Sainsbury's??

I'm like peaches. I put them both in Abbey stakeholder accounts just because... that's where I already bank. I don't really plan to add tons of money to the accounts because I don't like that I can't control what it is used for when they turn 18 so I wasn't all that bothered about where I put it.

I am one for an equity account, rather than cash. Due to the long term nature of the investment. Greater risk, but also greater potential upside.

I wouldn't want my offspring to get their paws on the dosh at 18 either! We plan to put the max 1200 in each year seeing as it's tax deductible. Don't want the safest option, equity sounds interesting - forgive my blaring ignorance, but is that where you can choose where the money's invested?

Put dd's in CIS equilty account, because iit's ethical, and we don't intend to top it up, so we weren't especially bothered. We want our savings for our children to be in OUR name. I'm sure they will be extremely responsible, mature adults at 18 who wouldn't dream of blowing the lot on fancy cars, but..... I would check carefully ntt - I suspect that as the savings are in the child's name, they WILL get it all at 18.

Equity means it's invested on the stock market, with the whole "the value of your investment may go up or down" thing, so there ismore risk, but potential for more growth, I think.

I wonder if we could just not tell him about the account until I think he's old enough - 35 or something lol?

So you don't have to put it in an account in your child's name then?

I'm sorry - this must've been done to death on here. I'll dig out the bumf which came with the cheque. If I kept it.

Is it just me that can't access Archives?

ntt, I think must be in the child's name. They will own the account in their own right when they come of age at 18. You can avoid telling your child about it - but because their peers would also have one, there is always the risk they will compare notes, leading to him asking questions.

I intend to max out the 1,200 every year (to pay for uni, car, deposit whatever) but if dd is irresponsible at 18, then that is all she is getting from her parents!

i did mine w/mothercare so i could get vouchers.

Are all these schemes mad - giving the child access to their money at 18?! I'm buying shares in Hydroponics

Seriously though, I really don't know where to stick it (!) and I've got until the 22nd June otherwise it's gone.

What did you do Pelvic if you're around?
Which one did you go for Blueshoes?

I left this in DHs capable hands and after (I assume) much reserach he suggested \link{http://www.share.co.uk/ctf/index.html\this one} as they have low charges and apparently BabyDragon can "play around with it when she’s older". Quite frankly, I'm utterly clueless and will be simply going along with what he suggested :o

I chose HSBC stakeholder account which invests in the HSBC growth and income fund, a fund with a good track record. But in hindsight I do feel the annual charges are high 1.5%.

For my next child, I will probably go for a tracker fund with F&C, much lower charges of say 0.7%.

I chose HSBC stakeholder account which invests in the HSBC growth and income fund, a fund with a good track record. But in hindsight I do feel the annual charges are high 1.5%.

For my next child, I will probably go for a tracker fund with F&C, much lower charges of say 0.7%.

argh, double-post!

Still haven't decided-far too confusing for me .
I am quite dsylexic with figures.

ntt-exactly,dont want my ds spending it on booze,i just put cheque in building society,not investing anymore.
Buying premium bonds for ds instead and he has already had £50 win-so good rate of interest

Oo - you have to pay for these accounts?!

Thanks for the link Soupdragon - this is what I want to hear about - someone who's done loads of research. Are you putting the max in each year too? And which one of them did he go for as there seems to 4 options...?

I'll have a look at the F&C tracker fund too, thanks Blueshoes. Just as soon as I've figured out what F&C stands for - I know it's something obvious, but my brain doesn't work these days!

Blimey notasheep, good return!! He'll be getting wasted (or whatever they'll call it then) on Cristal

Hi Pelvic - sorry for commandeering your thread, but I'm getting desperate!! Isn't it a pita????

ntt, F&C = Foreign & Colonial, I believe.

I must point out that I only assume DH did loads of research. I left it in his hands entirely. (stereotypical female :o) Yes, I think we will be putting the max in per year too and also setting up something similar for DSs who didn't get a voucher.