Child Trust Fund recomendations

[privateb]

Hi guys our first baby is due in a few weeks and we are trying to work out what the best savings account is, so our child will get as much money as possible?

[Charlie_Bubble]

I initially took out my daughters ctf with Liverpool Victoria, but then they decided not to do them any more. They did a deal with another company to transfer all the accounts over. I looked at all the possible ctf companies around and decided to go with their automatic transfer and haven't been disappointed. We actually lost money with Liverpool Victoria, but the transfer went to Family Investments. They only deal in CTF's and have just hit the 2 million account mark, which obviously shows that they're trusted by many other parents too.

[Hiroki]

We put our sons ctf in the Lloyds TSB scheme which wasn't the best idea as I think he has around just over half of what it was worth. You should probably google to try and find the best option for you.

[Charlie_Bubble]

My daughters ctf was transferred over to family investments in March this year with a balance of about £530 in it, after losing just under £200 with LV. Since then we've put £50 a month in, which has brought it up to £900 and her actual ctf is now worth £1135. So, it's made about £200 in the 8 months with them, which is not bad really in the current economic climate.

[LondonRoad]

Congratulations to you both. I love babies so envy you. The broken night's sleep doesn't last long..... and the lifetime of digging into your pocket... sorry I mean pleasure lasts forever.

Since having my garage converted I've filed my important policies in the loft so pulling the ladders down tonight will wake up my 2 former babies. I do remember one is performing better than t'other so I'll have a look tomorrow and let you know.

[Mr Angry]

Originally Posted by privateb

Hi guys our first baby is due in a few weeks and we are trying to work out what the best savings account is, so our child will get as much money as possible?

Hi there, delighted to hear about your good news. Have you ever heard of "priorities"?

[webcrawler2050]

Originally Posted by privateb

Hi guys our first baby is due in a few weeks and we are trying to work out what the best savings account is, so our child will get as much money as possible?

Got my little girls, with Lloyds no issues etc.

However, savings dont become a "concern" until atleast 3, far too much other things to deal with..

[privateb]

Originally Posted by Mr Angry

Hi there, delighted to hear about your good news. Have you ever heard of "priorities"?

Thanks for your help!

[webcrawler2050]

Originally Posted by Mr Angry

Hi there, delighted to hear about your good news. Have you ever heard of "priorities"?

Without starting "anything" here. Is there really a need to put that on the end? Maybe, they are trying to give their child the best possible start in life, I started saving for my daughter, shortly after the second scan. I wanted, her to be able to do the things, I could never growing up. So please, re-think what you are saying there.. Good on them for being responsible parents.

Secondly, good luck to you both privateb. I hope the birth goes well etc. It's for me, the most amazing thing I have witnessed in my life! Are you going to cut the cord or not? Oh and *try* if you can to get "out" of the first nappy change, it's literally like, melted liqurish!!

[danielf]

Originally Posted by Mr Angry

Hi there, delighted to hear about your good news. Have you ever heard of "priorities"?

Empathy is not your strong point then? Or are you trying to make a point without actually making it?

If you've got advice to give, just give it...

[LondonRoad]

Originally Posted by LondonRoad

Congratulations to you both. I love babies so envy you. The broken night's sleep doesn't last long..... and the lifetime of digging into your pocket... sorry I mean pleasure lasts forever.

Since having my garage converted I've filed my important policies in the loft so pulling the ladders down tonight will wake up my 2 former babies. I do remember one is performing better than t'other so I'll have a look tomorrow and let you know.

For what it's worth Family investments (Family equity plan ltd) is performing much better than Engage mutual assurance (formerly friendly society)

FYI. My mind goes blank with such matters. My rule of them is; if they're offering you a free camera/lcd TV/DVD player then you're better off looking elsewhere.

[Aragorn]

We went for the Childrens Mutual Baby Bond stakeholder account, split between a few unit trusts.
Long term UT's should outperform most interest based accounts.
Don't forget to top-up, assuming you can afford it.

[Mr Angry]

Originally Posted by webcrawler2050

Without starting "anything" here. Is there really a need to put that on the end? Maybe, they are trying to give their child the best possible start in life,

Quite, but as you yourself say

Originally Posted by webcrawler2050

savings dont become a "concern" until atleast 3, far too much other things to deal with..

Which is exactly what I was attempting to convey.

I reiterate my best wishes to the couple. Under current regulations they have a year to figure out how to give their child the best possible (financial) start in life.

[webcrawler2050]

Originally Posted by Mr Angry

Quite, but as you yourself say



Which is exactly what I was attempting to convey.

I reiterate my best wishes to the couple. Under current regulations they have a year to figure out how to give their child the best possible (financial) start in life.

Maybe so but I still "saved" for her, before she was born. Probably a good idea to be honest..

[Chris]

Originally Posted by Charlie_Bubble

the transfer went to Family Investments. They only deal in CTF's and have just hit the 2 million account mark, which obviously shows that they're trusted by many other parents too.

Actually I think that shows that Family Investments is one of the companies HMRC automatically sends your trust fund contribution to, if you don't take any action yourself.