Maturing Child Trust funds to retain tax advantaged status

Maturing Child Trust funds to retain tax advantaged status

Matthew Barrand Investment

Maturing Child Trust Funds will keep their tax-advantaged status on maturity under draft regulations that have been published for  consultation. A Child Trust Fund (CTF) is a tax-advantaged  savings account which provides children born between 1 September 2002 and 2 January 2011 with an asset when they reach adulthood. CTFs begin maturing in  September 2020 when  the first children reach 18. Without …

Seeing the bigger picture

Matthew Barrand Blog, Investment

A long-running survey carried out by thinktank the International Longevity Centre found that those who took financial advice between 2001 and 2007 had significantly higher savings than those who did not. If you’re approaching retirement, having a financial MOT now could help you put in place the plans you need to provide effectively for your financial future.  This article was …

Help to Buy ISA v Lifetime ISA

Shaun Love Investment, Mortgages

Buying your first home is a dream for many young adults up and down the country. However, this has become harder and harder throughout the generations as house prices have risen. To support first time buyers in overcoming these obstacles the government has launched many First-Time Buyer initiatives and schemes. Two of their most recent schemes are their Help to …