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Original poster

Where did you put your child trust fund voucher?

54 replies

Gobbledigook · 01/08/2005 21:38

Haven't the time to trawl through it all - so much work on but really must get the vouchers paid in.

I'm not very good at high risk so would be happy with a straightforward savings account.

What did you do?

PS - sorry if I don't come back straightaway - got to work, wash up, Big Brother....back later!

OP posts:
Nemo1977 · 02/08/2005 22:33

i have a seperate halifax savings account for ds too which money we were given when he was born etc has been put. If he wants access to that money then I have to co sign with him..lol

The voucher apparently will be topped up with another payment or two ijn years to come basically because either uni or possibly even a levels by that time will need top be partially/fully funded...or that is current thinking on why the government would give away money.

Nemo1977 · 02/08/2005 22:34

meant to add
asda give u a george voucher worth £15 for opening account or £25 if u set up direct debit for £5 a month plus

joash · 02/08/2005 22:41

Thanks nemo - hanging onto GS's vouvher until after the move, then hope to get it sorted ASAP.

jamboure · 03/08/2005 05:39

mines are with royal bank of scotland

they will take i think 10%0(percentage may be wrong) each year of the amount in the account.

We also pay into it so i think by the time the twins are 18 will only be the money thta dh and I have saved for them, no government money

Steppy1 · 03/08/2005 06:33

...have put mine into a stakeholder pension as the government will top up any contributions another 22% - I pay my family allowance (for DS & DD) into this so that I have a big lump sum for them when it will most benefit them

suzywong · 03/08/2005 06:45

can anyone help me out please

we received the ctf voucher from the UK govt as ds2 was born 9/03. We are in Australia now and don't pay VAT or NI in the UK anymore and soon no tax either. So what is the best place for us to put ours? Am totally indenial and dim when it comes to finance, Any body been in a similar situation

Thanks

angelp · 03/08/2005 07:03

Childrens Mutual for us too - DH read up in all the financial papers and seemed to be the best

throckenholt · 03/08/2005 08:07

Nationwide savings one - for the same reasons as jamiesam

PeachyClair · 03/08/2005 08:55

We're with Nationwide and they're great, but HSBC is only bank in village so really had to put it there. Would have liked more choice, but it's a pain having to drive into the City every time we want to make out a standing order or similar.

BearintheBigBlueHouse · 03/08/2005 09:09

another Children's Mutual /CIS cutomer - the only ethical fund apparently - I didn't want a "right-on" 18 year old DS giving me GBH round the earhole about investing his money in armaments/tobacco etc

oliveoil · 03/08/2005 09:15

Royal Bank of Scotland for me, only because it is the bank we use and you got lots of money off vouchers for shops in it.

I put £10 a month in for both of them, and they also have a Rainbow account each at the RBS but you can get money out any time in that one (I dipped in it myself when I was skint on Mat leave, naughty mummy )

basketcase · 03/08/2005 09:19

Brittannia - should be enough to treat her sister to a sandwich when she is 18...

Kelly1978 · 03/08/2005 09:24

In the kitchen drawer

PeachyClair · 03/08/2005 09:38

Kelly, you and 2/3 of the population according to the news today!

suzywong · 03/08/2005 10:31

anyone else received one while living overseas?

piffle · 03/08/2005 10:37

yes suzy it says that it is not subject to immigration restrictions, simply if you were born here on the correct dates you get it?

acnebride · 03/08/2005 10:42

nationwide cash, or I will do when they get around to sending a brochure. Cash account recommended by IFA, nationwide because vague feeling it was slightly more ethical than some

suzywong · 03/08/2005 10:46

thanks piffle, I got one (see earlier post) I just don't know where to put and how to do so from over here

piffle · 03/08/2005 10:48

suzy if you get in touch with your UK bank (if you still have one?) or decide which fund you want it to go in, ask for forms to be sent out to you to complete then you can post it back, we have done ours by post in the UK so it must work outside too?

suzywong · 03/08/2005 11:04

thanks piffle, yes we still have first direct accounts I will call them

hamster · 03/08/2005 11:06

HSBC, as that's who we're with. We also organised a monthly direct debit to go into ds' account.

mandyc66 · 03/08/2005 11:56

I asked this ages ago and got no help!!!!
Was looking at Abbey what do you think!

mandyc66 · 03/08/2005 12:00

maybe nationwide now after looking at this!!!
Do you think they will stop help in education by the time thwey get to 18..I reckon thats the plan!

Original poster
Gobbledigook · 03/08/2005 12:02

I was going to do RBS as we bank with them but following this thread I think I might do Nationwide or the Children's Mutual Fund.

Thanks so much for all your replies

OP posts:
piffle · 05/08/2005 09:21

I think mutuals get recommended as well incase they demutualise, you often get a really decent payout if you're a savings customer so it's worth bearing that in mind, I think that's what we're doing
NatWest aren't thrilled with us though

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