in the UK
All children born after 31st August 2002 have, and will have, a Child Trust Fund that started with an initial Government contribution. As more and more children of school age have a Child Trust Fund, "Penny Wise finds out about Child Trust Funds" offers a very useful teaching resource - informing children about their investment and the value of saving for the future. "Penny Wise Finds Out About Child Trust Funds" is entertaining, informative and fun. It is an illustrated story that both children and adults will enjoy and learn from. The Government has given each child born after 31st August 2002 the initial sum of GBP250, to be invested for their future. Parents and children are encouraged to add to that amount and the Government will give an additional lump sum on the age of seven.
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