Government encourages parents to get involved in Child Trust Fund Week

16 January 2007
January 15-20th is Child Trust Fund Week, which has been designed to give parents the chance to find out more about saving fro their children's futures.

Launched yesterday by Treasury Minister Ed Balls, Child Trust Fund Week is being supported by celebrity mum, Sheree Murphy (formerly of TV's Emmerdale) and independent financial expert and author Alvin Hall.

There are a number of organizations throughout the country taking part, and helping parents and carers find out all they need to know about the Child Trust Fund (CTF), and how to make the most of their child’s CTF account.

Activities being used to promote the CTF include coffee mornings, ante natal groups, baby clubs, display areas, play and stay activities, drop in sessions and other events.

The CTF is a savings and investment account. Children born on or after 1 September 2002 receive a £250 voucher to start their account. The account belongs to the child and can't be touched until they turn 18, so that children have some money behind them to start their adult life.

Most major banks and building societies have CTFs as a part of their investment product offering, and it is up to the parent to decide which CTF to choose for their child.

Find out more about Child Trust Funds