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Child Trust Fund Account Comparison

The Hanley offers all three different types of Child Trust Fund:

- Savings account
- Stakeholder account
- Non-Stakeholder account

The table below shows the main differences between the three types of account.

Savings Account

Stakeholder

Non-Stakeholder

Investment is made in a savings account that earns interest

Investment linked to stock market performance

Investment linked to stock market performance

Penalty free transfer to another provider if wish do so throughout the course of the fund.

Penalty free transfer to another provider if wish do so throughout the course of the fund.

Transfer may be subject to charges from provider.

Investment secure for the lifetime of the account

The investment is subject to the risk associated with the stock market.

The investment is subject to the risk associated with the stock market.

No charges

Maximum charge is 1.5% of the account's value each year

Charges may be more than the Stakeholder option depending upon the provider.

Minimum contribution of £1 up to a maximum of £1,200 in one year

Minimum contribution of £10 up to a maximum of £1,200 in one year

Minimum Contribution limits are set by the provider to a maxium of £1,200 in one year.

 

Our experienced staff will be happy to discuss in more detail each of the above options. Our goal is to ensure we get the best investment for your child.