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engage Mutual Child Trust Fund

engage Mutual Assurance Official Website: www.Engagemutual.com engage Mutual Assurance

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A Child Trust Fund, often known simply as a CTF, is a savings and investment account for children, and developed by the government in order to encourage children and their families to save for the future. Often mentioned along with the Child Trust Fund Voucher Scheme, where the government provides vouchers for investment into such savings accounts, one might be forgiven for getting a bit confused if this area of investment is new to you. However, engage Mutual Assurance has an established track record of operating Child Trust Funds, and is an ideal company to work with when setting up such an account. Online Application

So, why are Child Trust Funds a good idea. Well, one of the obvious features is that you can use your Child Trust Fund voucher (if entitled to such) to the fund. However, secondly it's a really good way to ensure that when your child reaches 18 years of age, there are at least some savings available for them to access, which could be invaluable for heading off to college, for example. Prior to 18 years of age the funds are not accessible; nonetheless, when the funds do become available, they are exempt from tax.

There are many different funds out there, but they each operate on the same principle, with a maximum amount (as defined by the government) being able to be contributed each year, and with a tax-free lump sum available from the fund when the child reaches age 18. Funds do vary though, and, much like any other investment product, is subject to the whims of the financial markets. However, if you're going to choose between several different products, then it would certainly make good sense to choose one with a proven track record, such as engage Mutual.

Although the engage Mutual name may not necessarily be familiar to you, they do have a long history, and are actually operated by Homeowners Friendly Society Ltd, which is a name you're much more likely to have heard of, and one which operates many other financial products too.

Setting up an account online with engage Mutual is a simple process, and you can also make additional payments to the fund easily enough too, either by direct debit, by making a payment online, or by cheque if you prefer. A lot of additional information, and answers to frequently asked questions about Child Trust Funds is also available on the engage Mutual Child Trust Fund website.

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engage Mutual Child Trust Fund
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