Call (01926) 843 006

Saving for your child's future

The Child Trust Fund (CTF) is a savings and investment account for children.

However since January 2011, the government has stopped issuing Child Trust Fund vouchers for children born after 2 January 2011. Most government payments to Child Trust Fund accounts have now ended. If your child already has an account it won’t be affected by these changes. Anyone can still make payments into it until the child is 18.

If your child was born on 3 January 2011 or after, they are not entitled to a Child Trust Fund account. Your child is still entitled to a Child Trust Fund account if ALL of the following apply:

    Your child was born on or after 1 September 2002 but before 3 January 2011
    You were paid UK Child Benefit for that child for at least one day before
    4 January 2011
    Your child lives in the UK
    Your child is not subject to any immigration restriction

Children born on or after 1 September 2002 but before 3 January 2011 received 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.

If you would like to speak to an adviser about saving for your children’s future, for example: to fund their future education fees, for a first car, a deposit for a house or even money towards a wedding then please contact us for more information.