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Special Report on

Child trust fund accounts

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Almost the only time that ITV's real-time popularity rating on Nick Clegg's performance during the first prime ministerial debate took a downward turn was when the Lib Dem leader attacked the child trust fund (CTF). That is not surprising: the fund is popular. A recent survey found large majorities in every social class saying that the CTF had encouraged them to save, that the money should not be transferred to education, and that plans to scrap the CTF would make them less likely to vote for the party concerned. Yet the CTF may not survive the general election. The Liberal Democrats want to abolish it, the ...
introduced the Child Trust Fund with the aim of ensuring every child has savings at the age of 18, helping children get into the habit of saving whilst teaching them the benefits of saving and helping them understand personal finance . The Child Trust Fund scheme was promised in the Labour Party 's 2001 election manifesto, 1 and launched in January 2005, with children born after 1 September 2002 eligible. 2 Eligible children receive an initial subscription from the government in the form of a voucher for at least £250. In 2010/11 the child trust fund policy is expected to cost around £520m, less than 0.5% of the £84bn UK ...
Child Trust Funds Help Children to Start off Life Debt Free ...
One of a parent's biggest concerns, aside from nurturing and protecting their child, is to financially provide for them. Indeed, from the time they're born until they become independent, children rely on their parents for everything from food and clothing to spending money. Unfortunately for the parents, this doesn't come cheap. In fact, research has revealed that the average cost of raising a child to the age of 21 is a staggering £180,000. In addition to requiring money when they're living at home, children also need financial support when they reach adulthood in order to continue studying, for example, or ... market research, surveys and trends
UK's New Government to Cut Innovative Child Trust Fund Program ...
Led by Tory Leader David Cameron in partnership with the Liberal Democrats and Nick Clegg, a new government has taken power in the UK, ending the Labour Party’s 13-year run. Last week, the new coalition government announced a series of budget cuts to existing programs that were expected to save $9 billion in the near term. One of those destined for the chopping block was the Child Trust Fund (CTF), an innovative policy which has provided a savings account for every child born in the UK since 2002. Since I have often used the UK experience with the CTF to make the case that the US should pursue a similar, universal children’s ... market research, surveys and trends


RESULTS: Children's Savings Accounts
Children’s savings accounts are small accounts that would be are opened at birth for every child born in America. One version, called KIDS accounts, was proposed in the Americans Savings for Personal Investment, Retirement, and Education Act (the ASPIRE Act). See What Happened in Congress , below. ASPIRE shows what a children’s account scheme might look like. It would provide an account for every child born in America. The details of the accounts are as follows: Accounts are endowed with an initial $500 contribution from the government. Children living in households below the national median income will be eligible ... industry trends, business articles and survey research
The ASPIRE Act of 2009 |
The America Saving for Personal Investment, Retirement, and Education Act ("The ASPIRE Act of 2009") will provide a Lifetime Savings Account for every newborn child in 2010 and beyond. Each account will be endowed with an initial $500 contribution, and children living in households earning below the national median income will be eligible for both a supplemental contribution of up to $500 at birth as well as the opportunity to earn additional matching funds for amounts saved in the account. All federal contributions will be readjusted for inflation every five years. Withdrawals cannot be made from the account until the ... industry trends, business articles and survey research
Child Trust Fund payments to drop
Vouchers for £250 from the government - to be invested until the child is 18 - will be paid until Monday, when payments will fall to £50, or £100 for low-income families. The scheme will be abolished at the end of the year, prompting critics to accuse the government of short-termism. The government says the vouchers are essentially funded by public borrowing. As part of the phasing out of the scheme, the top-up £250 given on a child's seventh birthday has now also been scrapped in England. The payments were introduced in September 2002 to encourage parents to invest for their children via a Child Trust Fund - often in ... market trends, news research and surveys resources
Adding up Bill McCollum's 42 votes to raise taxes and fees
Without a record of votes to haunt him, Republican gubernatorial frontrunner Rick Scott has been free to attack primary opponent Bill McCollum for his 20 years in Congress. Scott's latest charge is a whopper -- that  McCollum voted 42 times to raise taxes and fees. The accusation came up during the candidates' second and final debate on Aug. 5, 2010, and plays off a new Scott television ad called "Omelette." The ad starts  with an egg breaking on the ground with a narrator saying that "Once, could be a mistake." Then a few more eggs fall to the ground. "Two or three times? Bad luck," the ... market trends, news research and surveys resources


Choosing how to grow your child's voucher - Child Trust Fund - Home
Apr 13, 2010 ... Are there Child Trust Fund accounts that meet ethical needs? Yes. You can see which CTF providers offer ethical ... technology research, surveys study and trend statistics
Why Children's Development Accounts?
launched the Child Trust Fund, which provides a voucher for an account for ... 3 million Child Trust Fund accounts open. Data from the Child Trust Fund ... technology research, surveys study and trend statistics
The Child Trust Fund in the UK
HM Revenue and Customs (2009) The Child Trust Fund: total number of vouchers issued and accounts opened by parents. Retrieved on 15 January 2009 from ...
WikiAnswers - How do you set up a trust fund for a child
Creating a trust is a great estate planning tool to provide for your children. There are many different types that can become complex but creating a trust is a relatively simple process. All that you... Why set up a Trust and or will? Trusts and Wills allow an owner of property to decide where that property should go after they die. They also make it possible for the decedent to leave special gifts to a favorite person or... Is the signature of both divorced parents required to set up a trust fund for their child ? Once they are divorced, your parents are acting as separate and individual agents. The property settlement has been ...
Where should I put my daughter's Child Trust Fund Voucher? - Yahoo ...
I think I would prefer the Savings option rather than the Shares & Stakeholder option because I'm not a risk taker and think I would prefer to know the exact amount I am putting in is going to remain but I just don't know who to save with. Any suggestions please? 7 months ago (Tiebreaker) This question about " Where should I put m… " was originally asked on Yahoo! Answers United Kingdom Answerer 1 There is so little interest on offer from anywhere at the moment for such a (fairly) small amount of money - unless you are going to top it up to its annual maximum value, then any reputable high st bank or building ...