Child saving plans
 
 
 
 

News on Saving for Children

Aug 27 2008

Isa transfers to be simplified

Individual savings accounts (Isas) are a popular choice for parents, grandparents and godparents who are saving for children. However, the transfer process may be confusing and it should be clarified, the British Bankers' Association (BBA) has said.

The BBA, along with the Tax Incentivised Savings Association and the Building Societies Association (BSA) are working towards helping Isa providers change the system to make it more organised for savers.

Speaking about new guidelines set for providers, the BBA's chief executive Angela Knight said the product was "enormously popular" but needed to be more "robust and efficient".

Aug 26 2008

£242m CTF breaks 'wasted' this year

Many parents and grandparents are not taking full advantage of the tax breaks on offer for Child Trust Funds (CTF), an organisation has said.


Aug 22 2008

Addidi: Parents should not neglect themselves

While saving for children is important, parents should remember to keep their own financial wellbeing healthy, Addidi Wealth has said.


Aug 21 2008

Parents 'worrying' about children's finances

Research from investment provider Skandia has found 40 per cent of parents are worried about their children's financial situation as they get older and expect to help pay off debts well into their kids' adulthood.


Aug 20 2008

Saving for children could offset back-to-school costs

Parents and grandparents who put away savings for children to pay for youngsters' school costs may be shocked to learn that going back to school could cost £1,623.


Aug 20 2008

Inflation 'could hit CTF savings'

The Share Centre has warned those saving for children that Child Trust Fund (CTF) vouchers may be affected by inflation.
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