Unit Trust for Children

A "Unit Trust" otherwise known as "Investment Fund" or "Open Ended Investment Companies (OEICs) is one of the simplest form if investments.  With a unit trust, you are simply putting your money into a big pot with alot of other people.  The manager of the pot (funds) invests the money on your behalf and if you choose to sell your investments you can do so at any time.

Understanding the cost of an investment fund can be very easy. There is normally a set up charge and an annual management fee.  In addition, you should also look for the "Total Expense Ratio" which includes all the charges payable by both you and the fund.   This is the best indication of how much your fund costs you on an annual basis.  

Like everyhthing else, you should shop around to find the best rates available.  However, don't make your decisions based on these rates alone, you should consider both your long and short term aims.  As a general rule, when investing for children, people tend to invest for capital growth, while older people usually invest to boost their income. You can also opt to invest for income with some capital growth.

Providers with Unit Trust for Children

Legal and General's Unit Trust for Children

Whatever your children or grandchildren dream of doing when they grow up, why not indulge more than their imagination?

Whether they want to travel the world or step onto the first rung of the property ladder, fund their way through university or organise the wedding of their dreams, you can give them a great start in life by investing for their future with a Legal & General unit trust.

And whether you have a little to invest or a lot, if you start now you could begin to grow a fund that will help you give your child a great financial start in life. Visit www.legalandgeneral.com/child for more information.

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Family Investments Children's Unit Trust

The Family Investments Children's Unit Trust offers you a flexible way to invest for a child or grandchild over the medium to long-term so you can offer them financial support at a time when they may especially need it. The plan is held in trust for the child until they are 18 and as a trustee you stay in control of the investment until then.

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National Savings and Investments (NS&I)

Premium bonds

Children's Bank and Building Society Accounts

Children's Stakeholder Pensions

Individual Saving Accounts (ISA)

Children's Bonds

Tax Exempt Savings Plans (TESPs)
 

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MyEggNest's Recommendations Alternatives to CTFs - Tax-Exempt Savings Plans Did you know there are alternatives to the CTF that offer the same tax-free savings? Tax-Exempt Savings Plans (TESPs) can help you build up a lump sum for your child through small, regular payments. Your fund grows free from any income or capital gains tax, and can be used to save for children of all ages. Click here for more information about TESPs, and specific plans offered by friendly societies.

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