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child trust fund

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tamborine | 18:21 Sun 30th Sep 2012 | Family & Relationships
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Son says PM Blair gave £250 for all babes as a trust fund & these are now worth £2k. When do they mature?
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I have no idea of the worth but I believe they mature when the child is 18, as long as the parents used the voucher to make the investment
I doubt very much they will be worth anything like £2000 at 18 unless the parents been adding to it
Now worth 2K?

LOL!!

I wish!
I was adding a tenner every month until I got the yearly statement and was getting back less than I put in. Funny, don't think I've had a statement for a long time now and my daughters 8
Wasnt that one of the things they stopped when the bottom dropped out of the Banking system?
Think so, don't remember my daughter getting this when my grandson was born 2 years ago.
it stopped about 2 years ago
my son will be 2 in 2 weeks - we got £50 in a Government Trust Fund for him. I think they may have stopped it now. I actually had a statement today which confirmed that the fund is now valued at £48 odd! lol x
I know, the way its going by the time they reach 18 it might buy a book or 2!

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