Overview

Child Trust Fund Helpline 0845 302 1470

 

The Child Trust Fund (CTF) can be one of the many ways to help you save for your children's future.  Below is a summary of how CTFs work. For a more detailed analysis, go to the Detailed Explanation Child Trust Fund page.

• the Child Trust Fund (CTF) is a long-term savings and investment account where your child (and no-one else) can withdraw the money when they turn 18
• neither you nor your children will pay tax on income and gains in the account
• free £250 voucher to start each children’s account 
• a maximum of £1,200 each year can be saved in the account by you, your family or friends 
• money cannot be taken out of the CTF once it has been put in – once your children are 18 they will be able to decide how to use the money 
• your children can start to make decisions about how the money is managed when they are 16 
• the Government will make a further contribution when your children turn seven - all eligible children will receive a further payment of £250 into their CTF account at age 7, with children in lower-income families receiving an additional £250. These payments will be paid around their 7th birthday direct into their account. 
• not just one type of CTF account – you choose the type of account you want for your children 
• it will not affect any benefits or Tax Credits you receive
• learning about how to make the most of your money is a key part of the CTF  

Find out how to calculate the Child Trust Fund with this Calculator.  This great tool allows you to estimate the final value of the Child Trust Fund (CTF) account when the child turns 18. 

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Detailed Explanation Child Trust Fund
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Compare all the cash, shares and stakeholder's Child Trust Fund

Please find below a list of CTF providers offering Freebies.

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Join in the Child Trust Funds discussion forum

Download

• Child Trust Funds Introduction
• Child Trust Funds Toolkit
• Child Trust Funds
• R85 (tax free application form)

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