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A Child Trust Fund is a long-term tax-free savings account for children born between 1 September 2002 and 2 January 2011. Find a Child Trust Fund as a parent or if you are over 16.
- Find a Child Trust Fund
Contact your Child Trust Fund provider directly if you know...
- What Happens When Your Child is 18
The Child Trust Fund will then close. Until your child...
- Managing The Account
Your Child Trust Fund provider can tell you how to change...
- Junior ISA
You cannot have a Junior ISA as well as a Child Trust Fund....
- Accounts for Children in Care
change the type of Child Trust Fund account and provider if...
- Print Entire Guide
We would like to show you a description here but the site...
- If Your Child is Terminally Ill Or Dies
Tell the Child Trust Fund account provider. They’ll usually...
- Claim Child Benefit
By claiming Child Benefit, you can get: an allowance paid to...
- Find a Child Trust Fund
Child Trust Funds (CTFs) The Child Trust Fund scheme was introduced by the UK government to provide you with a pot of money when you reach 18 years of age and encourage you to develop a savings...
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- What trusts are for
- What the settlor does
- What trustees do
- Beneficiaries
- If you need help
Trusts are set up for a number of reasons, including:
•to control and protect family assets
•when someone’s too young to handle their affairs
•when someone cannot handle their affairs because they’re incapacitated
•to pass on assets while you’re still alive
•to pass on assets when you die (a ‘will trust’)
The settlor decides how the assets in a trust should be used - this is usually set out in a document called the ‘trust deed’.
Sometimes the settlor can also benefit from the assets in a trust - this is called a ‘settlor-interested’ trust and has special tax rules. Find out more by reading the information on different types of trust.
The trustees are the legal owners of the assets held in a trust. Their role is to:
•deal with the assets according to the settlor’s wishes, as set out in the trust deed or their will
•manage the trust on a day-to-day basis and pay any tax due
•decide how to invest or use the trust’s assets
There might be more than one beneficiary, like a whole family or defined group of people. They may benefit from:
•the income of a trust only, for example from renting out a house held in a trust
•the capital only, for example getting shares held in a trust when they reach a certain age
•both the income and capital of the trust
Contact a legal adviser or tax adviser. They can also talk to HM Revenue and Customs (HMRC) on your behalf if you give them permission.
You can also get help from the Society of Trust and Estate Practitioners.
If you were born between 1 September 2002 and 2 January 2011 (or have a child who was), you could be one of 670,000 missing out on as much as £2,200 in savings, lying dormant in a Child Trust Fund. It's quick and simple to check and claim the account if so – we've step-by-step help below.
- 4 min
Aug 31, 2024 · Key Takeaways. A trust fund is a legal entity designed to hold and manage assets on someone's behalf, usually with the help of a neutral third party. Trust fund parties include a grantor,...
View the latest WS Ruffer Total Return (Class C) Accumulation Fund price and comprehensive overview including objectives, charges and savings.
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A Child Trust Fund (CTF) is a tax-free saving account for children. It was set up if: you were born between 1 September 2002 and 2 January 2011, and. your parents or guardian received Child Benefit. You might also have an account if you were in care and being looked after by your local authority.
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