Postal strike need not affect their children’s finances
Leading Child Trust Fund provider, The Children’s Mutual, reassures parents that the Royal Mail postal strike need not affect their children’s finances.
Historically parents planning to open a Child Trust Fund for their new baby have had to return their child’s CTF voucher (as supplied by HMRC) and in many cases a paper application form to their chosen supplier via the postal system. The current industrial action at Royal Mail would obviously impact the ease and immediacy of this process.
However, applications for The Children’s Mutual’s Child Trust Fund can be made without parents having to send in the physical CTF voucher at all. And to avoid having to fill in a paper application, a simple visit to the web or phone call can have the application process completed in a matter of minutes.
Marketing Director, Tony Anderson comments, “We were delighted to be one of the first providers to introduce the voucherless system earlier this year. Applying online or over the phone is a quick way of opening a CTF allowing parents, friends and family to start their child’s savings pot as early as possible. We believe that anything that makes the process of saving for children simpler is going to help our families both today and in the future.”