Development Call _ Child Trust Funds
Published / Last Updated on 27/11/2007
Tax Incentivised Savings Association TISA
The Tax Incentivised Savings Association has called on the Treasury to make enhancements to the Child Trust Funds. They would like to see confirmation of an additional contribution to Child Trust Funds at secondary school age, registration to be allowed without the need to present the certificate.
Many believe that the child trust funds are working well with 50 per cent of the accounts that have been opened have been with a direct debit. The aim is to capture the remaining 50 per cent. To involve grandparents in the savings into child trust funds is also an aim and if families saved £100 per month, when the child reaches adulthood, they could have a fund worth £37,000.
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