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Child Tax-Exempt Savings Plans

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Did you know that Children's Tax-Exempt Savings Plans (TESPs) also provide a long-term, tax-free way to save for your children's future?

Click here to find out more about a tax-efficient way to build up a nest-egg for your child in addition to a Junior ISA, and compare providers.



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Bounty Child Trust Fund Reviews


 

Average Golden EggNest Ratings from 
1 reviews
and 1 Comments 
(3 out of 5)

Boots/ Mothercare/ TSB Children's Mutual Child Trust Fund (CTF) ReviewsBoots/ Mothercare/ TSB Children's Mutual Child Trust Fund (CTF) ReviewsBoots/ Mothercare/ TSB Children's Mutual Child Trust Fund (CTF) Reviews

 
Website: www.thechildrensmutual.co.uk/Bounty
Good Points: they phoned me to set the account up and sent me some information to read through. may make more money
Bad Points: Stakeholder, so may not get the full £250
First reviewed on 17 Sep, 2007 by Emma
Shortly after the birth of my baby daughter, i received my child trust fund voucher and bounty sent me an information pack with details about it and about of setting it up with them, they phoned me to find out of i had set up an account yet and i gave details over the phone to open an account, they were also very helpful and answered my questions about the account i found this very easy as its hard to get the time to go into a bank and set it up so it was very conveinent for me. the only problem is the risk that it may not make as much money as it is stakeholder, but the money could also increase.
Emma's Golden EggNest Rating (3 out of 5):  

Commented on 29 Sep, 2007: jam28472
I can't really say that I shopped around for a Child Trust Fund that would give the best deal, but as with my other daughter's trust fund voucher I decided to go with Bounty.  The reason behind it was basically down to the fact that Bounty are a reputable company that assist in helping both mums to be and new mums with different aspects in bringing up baby. I didn't set up the account online, but had I access to it at the time would have been an easier option, I agree with Emma that they were very helpful and made me feel i'd made the right decision with my childs future

Jam28472's Golden EggNest Rating (3 out of 5):

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MyEggNest's Recommendations

CTFCashback.co.uk
Boost your children and grandchildren's Child Trust Fund and Children's Savings. MyEggNest has teamed up with CTFCashback, an online rewards programme that pays you in cash to help save for your children's future. It is a free savings club which earns cashback on your shopping from hundreds of different shops.  

Selected Retailers:

 

Radcliffe & Newlands
Lump Sum Investments

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Chick
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Interesting Fact
MyEggNest is giving away a fantastic FREE gift to any Mums and Dads who's got some experience with a Child Trust Fund. Please click here for more infomation.

Alternative to CTFs

Tax Exempt Saving Plans (TESPs)

One of the best ways to save for your children's future is the Tax-Exempt Savings Plans (TESPs) from friendly societies. TESPs offer parents a simple way to save up to £25 for each family member per month in addition to, or instead of, a CTF.

TESPs can help you build up a lump sum for any child through small regular payments. You choose when the money is available for them, but the policy must run until they’re at least 16 and run for a minimum of 10 years.

TESPs are available for every member of the household so a family of four could save up to £100 a month tax-free and, provided the TESPs have been set up in the parent's names, the money remains firmly under their control. In addition, the flexibility of TESPs mean that they can be set up to mature at different points in a child's life.

Providers with TESPs
Engage Mutual Assurance


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Jump Savings offers both a CTF and a Savings Plan. The Savings Plan is designed for older children who don’t qualify for the CTF or for those parents who would prefer more flexibility than the CTF allows.

Click here for more information.

Read Jump Savings Reviews Here