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Original poster

CTF investment - Where is best??

8 replies

lilKel · 03/12/2006 13:24

Hi, just wondering how you all invested the CTF voucher. We want to put it into shares, minimal fees.

Did you/ do you contribute more? Does your plan charge you for this?

Thanks for any & all advice!!

OP posts:
luciemule · 04/12/2006 00:06

We watched a money expert (can't remember his name but he's quite famous and on tv a lot) and he advised people not to put it into shares. Instead, he said put the cheque into the account (ours is with RBS for example) and then put regular amounts into a high interest savings account specifically designed for children. The reasons being that then you could access the oney if you needed to and also, there were no risks involved. Imagine if you saved all that money in the CTF fund and then lost it all (or a lot of it). I did read that if you did nothing with it (by a certain date), the government would put it on one for you and then charge you tax or something (can't be exact as can't remember what charges were for) - not even sure the gov. are doing this - might have been just an idea. Hope this helps.

nuttygirl · 04/12/2006 10:14

Check out moneysavingexpert.com for loads of advice. There's a whole section on CTF under Latest Guides.

DizzyBinterWonderland · 04/12/2006 10:23

we put ours with engage mutual. we add £10 a month to it, which we intend to increase to £20 when i return to work. we also have a regular childrens savings account which relatives pay into now and again. i wouldn't discount a share scheme, after all, with greater risk may come greater rewards

DizzyBinterWonderland · 04/12/2006 10:23

we put ours with engage mutual. we add £10 a month to it, which we intend to increase to £20 when i return to work. we also have a regular childrens savings account which relatives pay into now and again. i wouldn't discount a share scheme, after all, with greater risk may come greater rewards

lildrummerKel · 04/12/2006 19:30

Hiya, excuse the festive name change just wanted to thank you for the responses and ideas.

Funny but hadn't thought at all about just depositing the money. I do think we're comfortable with the risk of stock markets though, and we've got other funds set up for ourselves and DS for pure saving (ie no risk).

Looks like F&C offer some good terms for investing in their unit-trust based schemes, might give them a go.

thanks again!

BrummieOnTheRun · 04/12/2006 19:57

The Children's Mutual do some good funds in their non-stakeholder account. i checked out the performance of each on Interactive Investor where you can compare them to FTSE performance. Then I chose the best performing high risk ones because it's free money

lildrummerKel · 05/12/2006 20:28

cool thanks for the tip Brumm

dingdonglapinroseonhigh · 05/12/2006 20:56

Childrens Mutual also run an ethical fund (for CIS aka coop) which we are using for our DTs and it has performed pretty well over the past year. It track the FTSE4good, if that means anything to anyone!

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