Moira & Solomon X OneFamily

Moira and Solomon for OneFamily – Modern Family Finance

“If your child was born between September 2002 and January 2011 there is a good chance you will have received a voucher from the government for a Child Trust Fund, which is essentially a long term saving account designed especially for kids. If you forgot to open one with the voucher, the government will have done it for you on your behalf, using trusted financial institutions like OneFamily. When your child is 16 they can take control of their account(s), but they won’t be able to get their hands on the money until they are 18. Before then they have the power to control which provider their Child Trust Fund is held with and decide the form of savings; cash or investments. Now your child can decide what they want to do with their fund – spend some, save some, reinvest for the future. It could help with University fees, pay for a gap year, or even be put towards a deposit on their first house.”