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A parent's guide to Child Trust Fund vouchers

Paying the day-to-day bills can be enough of a struggle for many families without thinking about saving for their children's future, which is why ministers have introduced the Child Trust Fund scheme. Who will provide the CTF accounts?

Who will provide the CTF accounts?

The Government will announce details of the providers in the New Year but it has approved a range of banks, building societies, insurance companies and investment houses to run CTF accounts.

The information pack will give pointers on how to choose a provider and decide what type of investment would suit your circumstances best.

Where will the money be invested?

Providers will be able to offer a variety of accounts such as a savings account, an account that invests in shares in companies, or a 'stakeholder account'.

What are the differences between these accounts?

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