Motley Fool: Make The Most Of Child Trust Vouchers

If you’ve recently had a baby, you should have a received a Child Trust Fund (CTF) voucher. Indeed, anyone with a child born after 31 August 2002 should have had one sent to them. Worth £250 (£500 for low income families) this voucher must be saved into a designated Child Trust Fund account in your child’s name, with the aim of helping create a lump sum for your child when he or she turns 18.

The problem is, while most people have heard of the CTF, and know that they need to stash that voucher into an account, deciding where to put it is an entirely different matter. Indeed, having a baby daughter eligible for a CTF voucher myself, I found myself considering where the best place to invest it would be….

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