Best Childrens Trust Fund ????

[dieseldick]

i have my kids money in one family. though i paid into it for a couple years i have now stopped payments as one time i looked she had x amount then i looked 4 months later and she had £500 less , so they gamble and play with your childs money.

is this a safe way to build your childs investment, my daughter has allready a lot of money with onefamily and i am now wondering wether to re open her savings and continue to pay in , i have also a credit union account for her.

which is best and safest ? i dread to think i will pay in like £50 a month for next 10 years and they will gamble the lot on her.

advice on this please . thnks Media URL: https://www.onefamily.com/savings-and-investments/children/child-trust-fund/
Description:

[dieseldick]

https://www.onefamily.com/savings-and-investments/children/child-trust-fund/

[fiction-factory]

I don't think you can still get them. There are lots of god ways of investing for children anyway- regular savings accounts paying 5-6% nad there are children's ISAs.
Look on MSE site

[fiction-factory]

This says they are defunct but suggests options
http://www.moneysavingexpert.com/savings/child-trust-fund-vouchers

[dieseldick]

thanks

is a stocks shares isa better than a cash isa ?
i imagine the cash option is way safer . no gambling with my kids future

[dieseldick]

i have requested a transfer pack from nationwide, will nationwide obviously transfer my kids money from onefamily trust fund to their own junior isa ?

my daughter is now 7 yrs old , does she qualify ?

[fiction-factory]

Sorry, my days or sorting out my children's investments are long gone. I think I'd look for a regular saver though as there are no tax advantages of an isa now for most people

[dieseldick]

if i open a regular saver then can they transfer my CTF to that account ? same as isa.

sorry for all the questions.

[fiction-factory]

You may wish to read this again
http://www.moneysavingexpert.com/savings/child-trust-fund-vouchers