UK Money News
7th July 2008
Britons raise CTF contributions
Britons are defying the squeeze on household incomes and contributing more and more to Child Trust Funds (CTFs), new figures have shown.
Data from the Tax Incentivised Savings Association (Tisa) found that the average lump sum contribution stood at £488 during the second quarter - up from £404 last year.
Monthly contributions recorded by the organisation were also up from £21.20 to £21.86.
Tony Vine-Lott, Tisa director general, commented: "Bearing in mind the financial ‘squeeze' that is affecting so many families at the moment, the continuing increase in the level of regular savings into a CTF is particularly encouraging.
"I would like to encourage more parents to commit to saving a regular amount into a CTF, obviously at whatever level they can best afford. It's vitally important that children see the tangible benefits of saving at an early age."
back to July's Money News
This article and more Latest Money News can be found on MoneyCrocodile.co.uk
Personal Loans from UKPersonalLoans.com
Personal Secured Loans for Homeowners and Personal Tenant Loans for Non-Homeowners. You can apply online for an Any Purpose Loan or Personal Debt Consolidation Loans or use one of our Loan Calculators.
Debt Advice from ReduceDebt.com
Debt problems? Refused a loan? Got CCJ's or Arrears? Get the best advice and help by enquiring online. Our Debt Professionals will help you whatever debt problems you have. Some of the options available to you are Debt Management, Debt Consolidation, Debt Couselling and IVAs,
UK Personal Finance from MoneyCrocodile.co.uk
UK Online Personal Finance site covering: Loans, Mortgages, Credit Cards, Insurance, Debt Advice, Bankings and Savings, Finance Tools and Money Jargon. We also cover Any Purpose Loans, Secured Loans, Personal Loans, Tenant Loans, Car Loans and Debt Consolidation Loans. If you are looking for Personal Finance let Money Crocodile put a smile on your face.
Car Loans from GBCarLoans.com
Don't just accept the dealers finance - get a quote from us before you buy!. UK Car Loans for New Cars or Used Cars: Supermini, Small, Hatchback, Saloon, Estate, MPV, 4x4, Sports, Luxury, Executive, Cabriolet or Classic Car.
Tenant Loans from TenantLoan.com
If you're looking for a low cost tenant loan, then look no further. We aim to find you a highly competitive interest rate and you can borrow anything from £5,000 and £250,000 with up to 25 years to pay.
