Uk Trust Funds
We have all had questions on Uk Trust Funds before. Below are the top questions posed by visitors just like you to our. We hope our answers located below will help you solve your funding problems today. Feel free to ask another question, or even comment on what has been written.
There has been a lot of debate recently regarding Uk Trust Funds, and it is therefore critical for you, the reader, to grab all of the information that is out there on the vast topic of funding. Your funding can have a huge impact on your future, so don’t procrastinate any longer. Read up on Uk Trust Funds today!
Gina Said:
UK Laws on trust funds?We Answered:
You could write a letter to the Trust Fund (whoever it is) with a copy of your birth certificate asking them to release the funds to you.Alternatively you would need to see a Solicitor.
Stella Said:
Should I trust a company that says they will pay me to use my UK bank account to transfer funds to them?We Answered:
no it's money laundering.You will go to jail if the police catch you.
Just think about it why wouldn't they do it them selves, they are paying you for the risk involved.
Think about it, they want your bank details so that they can take all of your money and use the information to create new accounts, so you end up with vast debts. It will be you who is stuck with the repayments.
Never give out your personal details!
Catherine Said:
(UK) Child Trust Funds - does anyone have any experience/ good advice/ tips or info to share?We Answered:
Advice I was given is that with the exception of the government voucher you are far better off investing your own money else where.Maxine Said:
Is it possible to transfer money from someone in the UK into a trust fund set up for them in the US?We Answered:
What's all this "transfer...for safekeeping" business?Sounds like you are trying to hide funds from creditors or something like that.
If everything was above board, why not just keep the money in a bank account in his name in the UK?
If I can spot that from just this, the relevant authorities will see right through whatever scheme it is you're trying to hatch.
Tamara Said:
What company do you use for your Child trust fund account? UK?We Answered:
Mine is in the HSBC. Their's is a stakeholder account, which typically offer higher returns than non-stakeholder accounts as they track the stock market, the risk though is that you could finish up with less than you paid in but if that happens we just plan to encourage our son to leave his investment where it is until the market goes back up. As a back-up plan we've also opened a Children's ISA for him at HSBC, we're going to put his government vouchers in the Child Trust Fund account and the money from ourselves and friends/relatives into the ISA - that way he has two funds when he is older. The problem with the Trust Fund is that once he's 18 he gets the cash and can spend it on anything he wants but to get at the ISA money he needs our signatures so we have a little more say in what that gets spent on (hopefully university! Lol)Ruby Said:
Child Trust Fund....? UK?We Answered:
with my son we put his into the clydesdale bank just because it was the easiest thing to do as we were going there anyway to set up his bank accountwith my daughter we put it into an asda trust fund we got £50 voucher to spend instore
me and my husband put £10 a month into each account so it should add up to be something good for when they are older
they are all more or less the same thing so your better off going with asda or tesco and saving some money on your shopping at the same time