too late now!!

[inky]

Well, unless those of us still waiting manage to convince our LOs to come out today, they're no longer going to get the £250 child trust fund and instead will get a measly £50. Hmmmph!!!!

Come on out babies!! It's actually worth an extra £200 to come today lol!

 

[AugustMum]

Wasnt it yesterday? From August 1st it goes to £50 I knew my LO would wait until after it stopped. At least she'll get £100 no matter what.

I suppose its all to save the government pennies...so Im not against it. Just would of been nice

 

[Tasha89]

Hehehe! It was yesterday they stopped it wasn't it? As of 1st Aug it's £50 I think!

Was telling baby this morning that he/she has missed out on money towards his/her first car! lol!

 

[x-Hannah-x]

I think it's awful that they've cut it down from 250 to 50!

 

[inky]

they just said on bbc news that if you have your baby today then you will still qualify for £250 so there is a little more time yet lol!

 

[Tasha89]

I think it's awful that they've cut it down from 250 to 50!

It is, but I suppose handing £250 out for every newborn isn't saving the country any money Unfortunately it's gotta get worse before it can get any better.

I'm not too fussed - would've been nice to have got it but hey ho!

 

[LucyH]

awww that sucks!!! I thought that was staying for all 2010 babies...

So we just get £50? that's it?? Do you get another instalment... I havent got a clue about this or family tax...no clue what I can/cant claim

If its just £50 - they might as well not bother really - not much interest on that puppy...

x

 

[vixforever]

They're even stopping the £50 from January 2011 apparently.

 

[titch]

yeah fair enough, government do have to save money, just wouldve been nice to know our babies have some kind of instinctive financial sense and arrive in time to get a nice payout on their 18th birthday!!

 

[Tasha89]

I know - it sucks that they decided to cut it now as we're all due after But whenever they cut it someone's gonna miss out...

Hey, £50 is better than a kick in the teeth though eh?!

 

[LucyH]

Yup! £50 is better than nothing!! Did you know the prince of Dubai - gives about a grand to every new born baby BOY that is born (not girls though...)! He is this young very very rich prince!! Very sexiest - but wouldn't a grand be nice?? Hahaha xx

 

[titch]

wow a grand!!! But yeah £50 is still free money, and presumably it will gain interest over the years so little ones will have a bit of cash aside when they turn 18. Possibly a good thing, as I think if someone gave me £400 odd on my 18th birthday I wouldve just gone a bit mental with it anyway. At least it wil be less than £100 and theres only so much craziness you can pull off with that amount!

 

[inky]

plus in 18 years £100 will probably only be worth about a tenner anyway, that's presuming we're still paying for stuff in pounds!

 

[Tasha89]

plus in 18 years £100 will probably only be worth about a tenner anyway, that's presuming we're still paying for stuff in pounds!

Haha! That's a scary thought isn't it?! lol! My Aunty started a NS&I account for my when I was born and put in £10 a month for a few years to give me when I turned 21. Only just got it the other day (my 21st was in Jan...! ) and there's £500 in it! Cant wait to see what the interest is on it!

 

[Happy_Frog]

I think this has been handled really badly by the coalition. While I totally agree that it had to stop, I mean really, why should our little ones get £250 just for being born? But it shouldn't have been a cut of date on births, it should have been on conception dates. Anyone already registered under a midwife should have got the full amount, and any new registrations should only get £50. As it is, there's ladies like you guys on here that might have been expecting that money now, could have been planning for 8 months or so where to invest it etc.

Bet they'll be after our mat leave next! Haven't they already cut child tax credits?

 

[titch]

For child tax credits theyve cut the thresholds so you have to earn even less to be eligeable. I see what you mean about already being pregnant, I was given all sorts of leaflets and information on investing the child trust fund, I wont pretend Ive done a lot of research, but I could have!

They're also going to start means testing for child benefits which I think is fair enough. Why give £20 per week to a family who could be earning 100k, when it would be pocket money to them, and give the same to a family earning less than 30k. Its just madness!