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Are dormant Child Trust Funds (CTFs) included in the scheme?

April 26, 2017child ctfs dormant funds included Scheme Trust

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Are dormant Child Trust Funds (CTFs) included in the scheme?

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No. To be dormant there must have been a 15 year period of inactivity on the account. This cannot apply to a CTF as there will be a payment into the CTF at age 7 and the account will mature at age 18 so there is no possibility of there being 15 years of inactivity.