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Child Trust Fund

I heard today that they are going to be scrapping the ??250 Child Trust Fund.

Does anyone know when this will happen? Will our LO's still receive this or is it effective as of now?

Replies

  • Babies born in April will receive it, chronic waste of bloody money that it is. Babies born after 1 August will get ??50 and babies born after Jan 1st next year won't get it at all.
  • Babies born in April will receive it, chronic waste of bloody money that it is.

    He he he! I agree it's an obvious cut to make with the country being in so much debt but I am glad that Grace will have the same initial investment as DD1 had 3 years ago (although on our last statement her fund is actually worth less than the money we've paid into it!!!)

  • feebs what type of account is that in? warders mine came fairly swiftly.
  • You do have to fill in forms fir child benefit, they should have been in a pack you got shortly after the birth...
  • feebs what type of account is that in?

    Its with the childrens mutual but I'm not sure what type of account it is. Should really! It is obv tied to the stock market though which is why its currently worth less than we've paid in.
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