What are the features of our Child Trust Fund (CTF)?
The Child Trust Fund (CTF) can be a savings account or an investment plan for children. The Government will make a starting payment into the fund and another payment when children turn seven. Family and friends will also be able to make contributions. The money in the fund will belong to the child but they will not have access to it until they are 18. This is so that they have some savings and investments behind them at 18 to help make the most of future opportunities. The child will not be taxed on the interest and gains they earn. Our Child Trust Fund invests in stocks and shares and the value of the fund will go up and down so the child may get back less than invested. Is my child eligible? A child is eligible if he or she has been awarded child benefit, is living in the UK and was born on or after 1st September 2002. What if my child is ineligible? If your child does not satisfy these criteria, you can still save for him or her. There is a wide range of funds on the market specific
