Child Trust Fund 6 Month Review
October 9th, 2005 | POSTED BY ROB
The Telegraph gives the Child Trust Fund it’s 6 month appraisal. Parents who chose to invest their vouchers in shared-based funds have got the best marks - £250 invested in a FTSE100 tracker fund would now be worth £283 - a gain of 13% in 6 months.
However, poor marks go to the 900,000 parents who have still failed to invest their vouchers. They have until April to decide where to invest their money, by which point, if they haven’t done anything with their vouchers, the taxman will decide at random where it goes. They’ve already missed out on 6 months of growth though.
