Bank of mum and dad
29 December 2010
As the Government ends contributions to children's savings via the Child Trust Fund scheme at the end of the 2010, new research from Halifax reveals that parents of school children continue to make saving for their future a priority. Overall, children have benefitted from a two per cent increase in their savings. Children between the ages of 8 and 11 recorded the biggest increases with 11 year olds (7%) seeing the biggest rise in the size of their savings pot.