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I think the article might be exaggerating the success of the UK scheme. I am sure it was fairly successful when the government was giving kids money, but now it
by justincormack 14y ago
I think the article might be exaggerating the success of the UK scheme. I am sure it was fairly successful when the government was giving kids money, but now it is just a tax exempt savings scheme (like children pay tax anyway) not sure it has made a difference.
- Bricejm 14y agoJeff Founder/CEO The government seeded the accounts, but it prompted families of all income levels to begin saving. http://www.guardian.co.uk/money/2010/may/25/child-trust-funds-zoe-williams#history-link-box http://www.guardian.co.uk/money/2010/may/25/child-trust-fund...
- adamneilson 14y agoAnd the scheme has subsequently been canned. They have replaced it with a child ISA instead. Not sure if that was due to be being too successful.
- deleted 14y ago[deleted]