Teddy Nyahasha: Why having you as a part of our family is so important to me
Once you turn 18, you'll be able to choose what to do with the money in your OneFamily Child Trust Fund. Our CEO, Teddy, explains what this means and what your options are.
A long time ago (but not in a galaxy far, far away)…
…your family put aside some money for you and opened a Child Trust Fund with OneFamily. That money has hopefully grown over the years, possibly with the help of your friends and family, and when you turn 18 (which is very soon I understand), you’ll have access to it.
It’s an exciting time for us too, as until recently, we haven’t been able to talk to you because your parents have managed your account. But now that we can, we’re really keen to support your future, just like we’ve done behind the scenes in the past. As CEO of OneFamily, my primary vision is to help more young people like you.
Let’s move onto introductions
I’m Teddy Nyahasha, CEO of OneFamily. Just like you’re going to be in charge of your money soon, I’m at the helm of OneFamily and I’m glad I’ve got this opportunity to chat to you.
I’ve been at OneFamily since 2016, but it was my passion for supporting young people with their finances that really helped me make the step up to CEO at the beginning of 2020.
Yes, being made CEO just before Covid hit was been a challenge! But I remain more passionate than ever about the difference both family and OneFamily can have in being positive forces in the nation’s financial health, especially for our younger generations.
Why I’d love for you to stay a part of our family
I’d hate to say goodbye, especially after we’ve been part of your life for so long.
Keep investing
If you decide to keep some or all of your money invested for your future, OneFamily make it easy to switch the money into one of our ISAs or Lifetime ISAs.
An ISA is a great tax-efficient way to invest in your future – that means you don’t have to pay Income Tax on any growth in your money.
And with a Lifetime ISA the government will even contribute an additional 25%* to every penny you save.
Climate-friendly
We’re passionate about investing sustainably and committing to constantly enhancing our Environmental, Social and Governance (ESG) approach to investment products.
That’s why you have the option of investing all or a percentage of your money in shares of companies that are working towards causing less environmental damage compared to the companies non-climate-friendly funds are likely to invest in.
We're here to help
Even if you’d like to spend all of your money now, it doesn’t have to be the end of our journey. We’ve got lots of free ways to help you manage your finances. From helpful peer-to-peer videos on being savvy with your money to informative blogs on how money can be a force for good, we’re here to help.
More on OneFamily
We’ve been empowering families financially for over 45 years and we’re based down in Brighton. We take care of £7.4 billion in investments for 2.6 million people up and down the nation.
OneFamily is owned and run by its members, and that includes you. Since we don’t answer to shareholders, our profits go back into our business, our products and to you.
Our values set us apart from other financial services organisations. We are committed to protecting the environment, promoting diversity and inclusivity as well as being socially responsible. I'm proud that we've awarded over £4 million to our customers and communities since 2015, supporting over 350,000 people across the UK.
Could you benefit from a Young Person's Education Grant?
As a member of OneFamily, you have access to apply for a Young Person’s Education Grant to help meet the costs of your training or education, as long as you’re aged between 15 and 19 at the time of application.
I’d love to hear from you
We’ve really enjoyed helping your family grow a lump sum of money for you; now we hope we can stay by your side and support you in your financial journey ahead.
And if you’ve got any ideas on how we can do more to support young people like you, share how you’ve used your money, or keep up with what OneFamily and I are up to, I’d love to hear from you at [email protected]. And even better, once it’s safe to do so, I’d absolutely love to meet you in person at one of our AGMs. Until then stay safe and well, and have a great birthday!
Teddy Nyahasha and everyone at OneFamily
*25% government bonus towards the purchase of your first home or your retirement from age 60. To avoid a 25% Government withdrawal charge, you must have held a Lifetime ISA for 12 months before purchasing your first home and the money can only be used for buying your first home or for your retirement from age 60.
Teddy is a strong supporter of diversity, inclusion and equality. A passionate believer in social mobility and financial inclusion; he is using his position as CEO of OneFamily to help the young, the disadvantaged and the marginalised to reach beyond their expectations. His view is that everyone in society should have the same opportunities to access financial products – regardless of their wealth.
More about your Child Trust Fund options
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