Child Trust Funds
Compare leading CTF providers...
A Child Trust Fund (CTF) is an initiative by the government that provides a £250 savings voucher for every child born after the 1st September 2002.
The voucher is used to start a Child Trust Fund savings account, and cannot be accessed until the child has reached the age of 18. See below for a selection of leading CTF Providers:
| Children's Mutual Child Trust Fund |  | £10.00 pm | |
| Awarded Best Child Trust Fund (CTF) provider for 2006, 2007 and 2008. Up to £40 of FREE Mothercare Vouchers when you apply online. |
| Engage Child Trust Fund | | £5.00 pm | |
| Engage is one of the UK's leading Child Trust Fund providers. Up to £25 in FREE Boots Vouchers if you set up a Direct Debit Online. |
| Jump Child trust Fund | | £25.00 pm | |
| Jump is a Child Trust Funds savings plan specially designed for children. It is based on Witan Investment Trust. Witan's objective is to create wealth for its investors through stockmarket investment. |
Disclaimer
Please bear in mind that:
- The value of your investment and the level of any income received from it can fall as well as rise and is not guaranteed and you may not get back the amount of your original investment.
- The list of funds provided above should not be seen in any way as being a recommendation. No advice has been given and you should be aware that any investment which takes place where appropriate will be transacted on an “execution only” basis.
- Full details of the funds, including investment performance statistics and risk profile will be provided in the documentation/brochure sent to you and it is up to you to ensure that you fully understand the nature of investment before proceeding. If you are at all unsure of the suitability of the type of investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.
- If you choose a fund which invests overseas, there is the addition of “exchange rate” risk which could reduce any gains or increase losses if the currency moves against you.
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| Jump Children's Savings Plan | | £25.00 pm | |
| Jump is a Child savings plan specially designed for children. It is based on Witan Investment Trust. Witan's objective is to create wealth for its investors through stockmarket investment. |
| Baillie Gifford Children's Savings Plan | | £30.00 pm | |
| A cost effective Children’s Savings Plan, providing an easy way to invest for a child's future through the stock market. The Plan gives you a choice of two ways in which you can invest, choosing from either a Designated Account or a Bare Trust account. |
Disclaimer
Please bear in mind that:
- The value of your investment and the level of any income received from it can fall as well as rise and is not guaranteed and you may not get back the amount of your original investment.
- The list of funds provided above should not be seen in any way as being a recommendation. No advice has been given and you should be aware that any investment which takes place where appropriate will be transacted on an “execution only” basis.
- Full details of the funds, including investment performance statistics and risk profile will be provided in the documentation/brochure sent to you and it is up to you to ensure that you fully understand the nature of investment before proceeding. If you are at all unsure of the suitability of the type of investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.
- If you choose a fund which invests overseas, there is the addition of “exchange rate” risk which could reduce any gains or increase losses if the currency moves against you.
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Key Features of Child Trust Funds Include:
- A long term savings and investment account where your child and no one else can withdraw the money until they turn 18.
- Neither you or your child will pay tax on income and gains on the account.
- A £250 Voucher to start each child’s account
- Children in families receiving Child Tax Credit (CTC) may be entitled to an additional payment of £250. Entitlement is based on the date child benefit was first paid for your child. Where child benefit was first paid for your child on or after 6 April 2008 you must have household income under the CTC threshold of £15,575 for 2008/09 and claim CTC no later than the date your CTF voucher expires. Make sure you don't leave it too late! Where child benefit was first paid before 6 April 2008, a CTC award must be in place for the time at which child benefit was awarded.
- A maximum of £1,200 each year can be saved in the account by parents, grandparents, other family members or friends
- Money cannot be taken out of the Child Trust Fund (CTF) once it has been put in – once your child is 18 they will be able to decide how to use the money
- Children can start to make decisions about how the money is managed when they turn 16
- The Government will make a further contribution when your child is 7 - 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 the child's 7th birthday direct into their account
- At any time you can move the account to a different provider or change the type of account
- It will not affect any benefits or Tax Credits you receive.
