KidStart.co.uk has launched an innovative way to help parents put away money for their child’s future.
Saving when bringing up children has always presented a challenge, so this scheme has linked 200 on-line retailers and allows parents and grandparents to contribute a percentage of their spend to a savings account.
Andrew Hagger of Moneyfacts.co.uk said, “The UK population needs to become more savings focused and to start to move away from the ‘buy now pay later’ culture that has been so prevalent for the last decade. Initiatives such as the Child Trust Fund (CTF) and the KidStart website make it easier to start building a financial foundation for the future.”
The Child Trust Fund launched in 2002 and gives eligible children a £250 start to their savings.
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