written by FlemingMcPhail on 21/09/2010
I use self trade for my child's CTF. I use the self select option. There is no annual management charge for the self-select CTF. I only pay for trades (£12.50) and from August 2010 CTF's can use the regular investment option (£1.50 per trade, minimum £50 per month) but there are limited investment options for this: FTSE 100 companies, ETF's, ETC's, Investment Trusts and about 50 other Funds.
Choosing your own investments is risky but I've tried to make it relevant to my child so that they stay interested over the years e.g. Bloomsbury (Harry Potter), Hornby and Games Workshop and once a year we write a letter to the Chief Exec of the companies in which they have invested and we keep a copy in her investment folder - so far we have never had a reply!! C'est la vie...
written by on 15/06/2009
Self trade have just applied a £40 per year charge on their CTF account!
On £250, that is a little steep.
written by on 23/04/2008
Selftrade offers and stakeholder type trust fund which in the long run can make more money for my son than a standard Child trust Fund. I do recommend Self Trade but please remember it is risk to save this way.
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