Unused Child Trust Fund Vouchers Costly
Almost a quarter of a billion pounds is being lost by people who are not taking advantage of Child Trust Fund Vouchers according to the Nationwide Building Society.
By not using these vouchers people are losing around GBP12.8 million per year just in interest that could have been earned. Nationwide Building Society figures show that 25 percent of vouchers have now expired while of the ones that are valid only 40 percent of them have been used.
Parents are being urged by the Nationwide Building Society to make the most of this saving opportunity because the vouchers provide an excellent home in which money can grow, their tax efficient status making them a great way of putting money aside for a childs future.