May
26
26/05/2010
As we continue to see cuts in government spending, the latest program on the chopping block appears to be the Child Trust Fund. Currently, parents receive a voucher for at least £250 to invest for each newborn child, with an additional payment made after the child reaches the age of seven. They then have access to the funds upon reaching the age of 18. However, the coalition government has now announced that Child Trust Fund payments will stop completely by January with the payment scheme being significantly reduced starting in August, which will be part of the build-up to the full withdrawal. David Laws, Chief Secretary to the Treasury, stated that £520 million will be saved by stopping these payments for newborns by the end of the year, as well as the top-up payments.
If you need to free up cash to fund your child’s education, are working to cut back outgoings, or are struggling to pay your bills and simply want to clear your debt, consider the help of a sell and rent back company. Sell to rent back companies will buy your home and enable you to stay in it as a tenant. One of these sell rent back companies, Property Rescue, can make a sell to rent back offer within hours and can exchange within 48 hours. When choosing sell rent back, you can avoid paying estate agency fees and valuation fees, making sell to rent back a simple, convenient option.
For a sell and rent back valuation, call Property Rescue on 0800 1313 999 or email them sales@propertyrescue.co.uk. You will obtain a quick house sale response in hours.