Awareness of Child Trust Funds has increased since last summer but many parents are still confused over eligibility requirements, says the Association of Investment Trust Companies.
Around three-quarters of parents among the 2,000 adults surveyed are now aware of CTFs. That said, about one in six parents (17%) of non-eligible children still believe they will receive CTF vouchers, the AITC’s research suggests. More than half the parents (58%) surveyed say they plan to deposit the vouchers in a bank or building society account, with just 8% planning to put the money into stock market-based investments. Positive news overall is that 85% of parents surveyed say they plan to top up their children’s CTF accounts, suggesting they will not languish untouched once the ...
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