Child Trust Funds...

[matt]

Yes, but letting only the kids have access when they reach 18 with the parents having no say will mean bonanza time for the government as they blow it on booze, ****, cars (and therefore fuel) - tax, tax, tax... The risk for the government will be if they spend in drugs, unless of course, they've been legalized and taxed by then.

I haven't done the maths but the loss of the principle + tax on interest for 18 years probably works out to less than they'll make in taxes when it gets spent irresponsibly.

 

[Jake]

The country is paying the IMF a far higher intertest rate than any of the financial institutions is offering on CTFs or any other investments.

What sense is there in that?

We aren't paying the IMF any interest.

 

[thomvic]

We aren't paying the IMF any interest.

You're right of course - its the Government Bonds that they're paying the interest on.

Richard