HOMESTEAD: RE: HOMESTEAD: Update on UK Child Trust Fund (Baby Bonds)

["Deborah Groban Olson" <dgo@esoplaw.com>]

Hi Dave;
Thanks, that is useful info,

Best regards,
Deb Olson
>----- ------- Original Message ------- -----
>From: "David Wheatcroft"
><david@wheatcroft38.freeserve.co.uk>
>To: <homestead@cog.kent.edu>
>Sent: Fri, 22 Jul 2005 23:38:06
>
>I thought I would update you all on how the UK
>Child Trust Fund (Baby Bonds) is working after
>almost 2 years.
>
>Just to recall every child born on or after the 1st
>of September 2002 received a voucher of £250 (an
>extra £250 for "poor families").
>
>These vouchers have to be invested in a licenced
>CTF Acount. The child can withdraw the money when
>they reach 18.
>
>Parents or others can invest up to £1,200 per year
>in the account and all the money in the account is
>free from Capital Gains and Income Tax.
>
>Many financial institutions including Banks,
>Building Societies, Insurance Companies and even
>the Post Office have set up accounts and are
>offering incentives like enhanced Interest ratesand
>one of cash bonuses to people to invest.
>
>There are two types of accounts you can invest in
>Equity and Cash.
>
>Both my two Granddaughter's have accounts in the
>Nationwide Building Society, you can get details on
>what they have to offer by logging on to their web
>site www.nationwide.co.uk and look for Child Trust
>Fund.
>
>Regards, David Wheatcroft 
Deborah Groban Olson
Attorney at Law
1021 Nottingham Rd.
Grosse Pointe Park,MI 48230
www.esoplaw.com
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