Parents urged to top-up Child Trust Funds

The Tax Incentivised Savings Association (TISA) says only a minority of CTF investors have active monthly direct debit subscriptions. However, TISA says the amount parents are contributing is continuing to climb, with the average monthly subscription up to £21.86 from £21.20. Tony Vine-Lott, TISA director general, says: “Bearing in mind the financial ‘squeeze’ that is affecting so many families at the moment, the continuing increase in the level of regular savings into a CTF is particularly encouraging. “However while the number of CTFs with a direct debit subscription now exceeds hal...