Child Trust Fund
All parents have natural instincts to care for their little ones and providing for your child’s future is one of the greatest gifts you can give them.
In the UK the government has set up the Child Trust Fund (CTF) to help and give the children in the UK a financial head start at 18.
This is an easy and worthwhile way you can help to ensure that your child gets a great start to his/her adult life.
It's worth it
Choosing The Children’s Trust funds for your child will mean that you can be rest assured knowing that your child’s money is in safe hands.
The UK government will make an additional contribution to your child’s CTF at seven years old, and is considering a third payment in the child's teenage years.
Its a great way of getting your child start a saving habit of investing in A CTF.
Your child will be free from personal tax for all investment growths and the payouts at the 18 years and above.
At 18, your child can use the money from their CTF account for any purpose.
For example, they could use it to help pay for further education, buy a car, or travel the world.
It’s up to them.
So CTF is a better way to a better life you can choose for your chilld
How it works !
The UK government has given the parents of each newborn child in the UK a £250 Child Trust Fund voucher since 1st September 2002.
You’ll receive the voucher by post soon after you register for Child’s Benefit.
You can also register for Child Benefit here
This voucher can only be used to open and kick-start a Child Trust Fund account.
- Once the account is open, children in the families on full Child Tax Credit will get an additional £250.
- In totality you, your family and friends can top-up the fund by up to £1,200 a year
- Only when the child reaches the age of 18 yrs will have an access to the CTF
So simple and future thinking way of life for every parent can give their child.
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