As a parent, Gary Briggs – director of BriggsFiscal – has a particular interest in the new Government Child Trust Fund initiative, which commenced in January 2005.

Designed to encourage long-term savings for children, every child born on or after 1 September 2002 will receive a Government voucher for at least £250, to be used to open a Child Trust Fund.

From April 2005 you will be able to pay up to £1200 more each and every year until your child’s 18th birthday. Friends and family will also be able to contribute towards the £1200 annual limit.

The Child Trust Fund will belong to your child. All funds, including any growth, will be free of any personal income tax and capital gains tax and available to your child when he or she turns 18.

As Independent Financial Advisers, BriggsFiscal can choose from the whole market of Child Trust Fund providers, whether you want a cash savings account or an equity fund that invests in the Stock Market.