Child Tax Fund

mine are 9 and 12, so i didnt qualify for it, but it does sound a bit off.

the only alternative is fix up another saving account and pay into that (in child’s name) as and when you want and combine the two when child is 18.

sounds typical of the halifax to me though… i bank wiv them and i hate em with a vengence lol!!!! :twisted:

My 2 are nearly 5 and 2 and a half. My youngest has it but not my oldest, i opened a bank account for both same date but my youngest will have more money then my oldest come 18! I can withdraw from my oldests account should she ever need any but not my youngest!! So i am now going to open a different account for my youngest as when she has money for xmas or birthday i cant put it into her account i can only have a monthly direct debit going in, i think its stupid.

@abitofmary_j wrote:

ive got the child tax fund for my son, and his first birthday passed their and with his extra birthday money, I thought the best place was to place into his child tax fund, so it can’t be touch until he’s 18… very wise I thought, so I went down to the Halifax with his money and his tax fund account stuff…. to be told I can’t just put money into his account… I have to set up either direct debit or a standing order to pay any monies into the account..!

inwhich I find weird… as yes this may be ok with people whom can pay a monthly fee into the trust fund…. but for the likes of me, its all his birthday money and christmas money i wish to deposit, as I know it will grow with him, and the end of the day when he’s 18 he’ll have a little money behind him…. but why are they making this werid rule… why can’t you freely put money into it… yes I know its a trust fund but to me its ponitless when I can’t freely put money into it… I know i can’t put more than £1,200 into it yearly.. but how come i can’t just put in a wee extra couple of pounds when got spare..??

so now with his birthday money ill do what my lass does with her’s and buy preium bonds with them,

anybody got any problems with theirs…??? this is with the Halifax bank…

Mary, Halifax can be a nightmare for childrens accounts- we have tried to simply open an account for our wee nipper (you’d think they’d fall over themselves to have a new young customer) and have given up now

Withdraw all the money and put it with a bank who will do what YOU want

When one of my children got this money, I put the money in a high risk equity trust fund at the Nationwide Anglia, building society. There is no point putting it in a normal bank account. you can put it in a high risk or no risk one at the nationwide Anglia.