Children to get pounds 50 fund boost.MORE than 32,000 Welsh children are expected to benefit from a pounds 50 top-up to the Child Trust Fund A Child Trust Fund (CTF) (also known as a "Baby Bond"[1]) is a long-term savings and investment account for children in the United Kingdom. The UK Government introduced the Child Trust Fund with the aim of ensuring every child has savings at the age of 18, helping announced yesterday. Eligible children will be entitled to a voucher worth pounds 50 to be paid into their Child Trust Fund account from September. Children from the lowest income families will be able to claim a further pounds 50. The initiative was launched at Ninian Park Primary School, Cardiff, by First Minister and Cardiff West AM Rhodri Morgan. He was joined by Deputy First Minister and Plaid Minister Ieuan Wyn Jones Ieuan Wyn Jones (born 22 May 1949) is leader of Plaid Cymru, Deputy First Minister in the Welsh Assembly Government and Member of the National Assembly for Wales for the Ynys Môn constituency. He was Member of the UK parliament for Ynys Môn constituency from 1987-2001. . All children born on or after September 1, 2002, and who live in the UK, are given a pounds 250 voucher to WARRANTY, VOUCHER TO, practice. A warranty is a contract real, annexed to lands and tenements, whereby a man is bound to defend such lands and tenements from another person; and in case of eviction by title paramount, to give him lands of equal value. 2. open a Child Trust Fund account. pounds 1,200 a year can be paid into the account. An additional payment of pounds 250 will be made on the child's seventh birthday, with children in lower-incomfamilies receiving an extra pounds 250. Conservative Shadow Social Justice Minister Mark Isherwood said the top-up would not help families hit by the downturn. He said: "We are not convinced pounds 50 alone will make much difference to the growing problem of child poverty." |
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