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child savings plan
2 Answers
I have a child trust fund account for my daughter and want to set something similar for my second daughter, but unsure on what is the best option.
The child trust fund is managed and when my daughter is 13 they will move it into a more secure savings plans. However the junior isa which is sort of the same thing, this wont happen and you will have to do this i believe or i could just do a cash isa. But unsure which would give the best result and which companies are out there that would be helpful in this area.
Thank you all in advance.
The child trust fund is managed and when my daughter is 13 they will move it into a more secure savings plans. However the junior isa which is sort of the same thing, this wont happen and you will have to do this i believe or i could just do a cash isa. But unsure which would give the best result and which companies are out there that would be helpful in this area.
Thank you all in advance.
Answers
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Hi- when was your second daughter born?
To be eligible she must have been born between 1 September 2002 and 2 January 2011, you must have paid Child Benefit for that child for at least one day before 4 January 2011
This site is a useful starting point:
http://www.direct.gov...ldTrustFund/DG_193690
To be eligible she must have been born between 1 September 2002 and 2 January 2011, you must have paid Child Benefit for that child for at least one day before 4 January 2011
This site is a useful starting point:
http://www.direct.gov...ldTrustFund/DG_193690
1 to 2 of 2
