Family Investments - Child Trust Funds:

"To encourage saving, the Government has launched the Child Trust Fund. This gives every child born on or after 1st September 2002 a voucher worth £250 to kickstart their savings.

There is no need to apply for a Child Trust Fund voucher - your child's entitlement will be automatically linked to their entitlement for child benefit.

So, if your child is eligible for the CTF your child's Child Trust Fund voucher will be sent out to you. You will then be able to open a CTF with your chosen provider.

There are a variety of account types available including those that invest in secure cash deposits and others that invest in shares where the returns are potentially greater, but the capital is at risk.

Family Investments is an approved CTF provider offering an account that invests in shares. They are experienced in providing family savings and investment plans. You can find out more and apply online here.

The Child Trust Fund from Family Investments is stockmarket based. As such your child could get back less than has been invested.

Anyone else can make additional deposits into CTF account each year, up to an annual combined total of £1,200. Once money is placed into the CTF, it must remain there until the child is eighteen at which point only the child is able to access it and they are free to spend it as they wish.

Family Investments is a mutual organisation with almost 30 years’ experience in providing straightforward investments for families. In fact, they currently look after around £1.6 billion of family money for over 730,000 people in the UK and are experienced in providing family savings and investments.

With the Child Trust Fund from Family Investments you can enjoy:

- Having your child’s savings managed by New Star, a premier fund manager.

- One of the most recommended stakeholder-type account in the press throughout 2006.

- Over 30 years experience of helping families save for their future.

- Our track record in providing excellent customer service to over 730,000 members.

- Investing in a Child Trust Fund that meets the government’s ‘stakeholder’ criteria. (Stakeholder accounts are not guaranteed by the government nor are they necessarily suitable for everyone).

- A range of online facilities to help you make the most of your child’s savings.

The quick and easy way to open a Child Trust Fund account. Apply online today with Family Investments."

If you have been tempted by this, here's the link: