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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.
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 habit throughout adulthood.
Having a child, parenting and adoption. Child Trust Fund accounts - find a lost account, how to make payments, managing the account.
On your child’s 18th birthday, the Child Trust Fund matures. This means that: your child automatically takes over the account; no more money can be added; Your child can either: take out the money
Having a child, parenting and adoption. Child Trust Fund accounts - find a lost account, how to make payments, managing the account.
Sep 18, 2023 · Child Trust Funds are long-term, tax-free savings accounts and were set up for every child born between 1 September 2002 and 2 January 2011, with the government contributing an initial deposit of ...
You cannot have a Junior ISA as well as a Child Trust Fund. If you want to open a Junior ISA ask the provider to transfer the trust fund into it.
Contact HMRC online to find out where a Child Trust Fund is held, or if your child is terminally ill and you want to take money out of their fund or Junior Individual Savings Account.
Sep 24, 2024 · Child Trust Funds are long term, tax-free savings accounts which were set up, with the government depositing £250, for every child born between 1 September 2002 and 2 January 2011.
Accounts for children in care. Some children looked after by local authorities have a Child Trust Fund account set up on their behalf. The Share Foundation acts as the registered contact for these ...
