Lifestyle investment for CTF cancelled
01 August 2016
After a consultation, the government has decided to remove the legislative requirement to switch from equity to deposit investments within the stakeholder CTF.
The reason given is the greater tax exempt choices open to children now. Obviously, this stops children receiving a deposit rate of return less a 1.5% annual management charge in the run up to their 18th birthday as a legislative requirement.
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Email: stephen.dixon@sda-llp.co.uk
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