For all children born since September 2002, for which parents claim child benefit, the Government issue a voucher for £250  (£500 if they are on certain benefits) which has to be invested on the child’s behalf. Parents may choose the type of investment for their child but if they don’t then it will be randomly assigned from a list of providers. The cash value of the plan is paid to the child at age 18 and no-one else is entitled to it.

So to ensure you choose the best plan from the whole market ring us on 0845-6756749 or clicking here now.

Once the account is set up parents, relatives and others are allowed to contribute additional monies to the fund up to a maximum of £1200.00 per annum. There are two types of account; a simple cash account that pays a variable interest rate tax free or a stakeholder account that invests in funds which are invested in assets (usually stocks and shares).

If you want to review the plan you have in place for your child we can help you do this on an on going basis. Facilitating any changes you need to make to ensuring that you have the most beneficial account for your child’s future. For our independent and impartial service ring 0845-6756749 or clicking here now.