Your Questions Answered:

Will the CTF be tax-free?

Children will not be taxed on the income and gains they make on the investments in their Child Trust Fund account or the matured funds, but there will be no tax relief for contributions made to a CTF account. The government has also decided that current rules which limit parental gifts to a child will not apply to CTFs.

Can parents contribute to the CTF?

The CTF can be topped up by family and friends of the child, and the children themselves when older. Additional contributions of up to £1,200 a year between them. In addition to this, the government has promised that it will make a second and final payment into all CTFs when children reach the age of seven.

If I don't pay in the full £1,200 in one year, can I pay in more the following year?

No, there is no chance to carry-over any entitlement.

I've heard about backdated payments - how do these work?

The Treasury will backdate all payments to cover newborns from September 2002. Vouchers and information will be sent to parents or children born between September 2002 and April 2005 when Child Trust Funds were launched.

These vouchers will have a higher value, recognising that for these children there will be less time for their CTF to grow in value before maturity. Interest will also be added by the government. If your baby was born between September 2002 and April 2003, its fund will be worth £277 or £553 next April. Babies born between April 2003 and April 2004 get £268 or £536 respectively while those born between April 2004 and April 2005 will get £256 or £512. Children born before September 2002 get nothing.

Where can I open a CTF account?

There are dozens of providers, including banks and building societies, friendly societies, some fund management companies, brokers and independent financial advisers. (see the table below)

How will we keep track of the CTF's value?

Your account provider will issue an annual statement.

What happens if I forget to open the CTF account?

Vouchers do have expiry dates, written on the back. You are supposed to open a CTF account before that date. To ensure no child loses out, if an account has not been opened within one year of the issue of the voucher the Inland Revenue will open a stakeholder account for the child. The parent is free to assume responsibility for that account later at any time, if they wish.

What happens if I don't get the voucher I'm entitled to?

Call the CTF helpline between 8am and 8pm on 0845 302 1470. Or write to: Child Trust Fund Office, Waterview Park, Mandarin Way, Washington, NE38 8QG

Can I access the money in an emergency?

No - the only two grounds for accessing a CTF account is in the event of a child's death or diagnosis of terminal illness. There are special procedures in place for this.

I have older children who do not qualify - how can I save for them?

There are other savings products available, some of them tax-free ones like ISAs and Friendly society savings schemes, that you can save into separately on behalf of children who were born before September 2002.

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Child Trust Fund		Select
	Family Investments A leading Child Trust Fund provider with over 30 years experience in providing investments for families. Wanting the best for your child is an aspiration that Family Investments know all about. In fact, we currently look after around £1.7 billion of family money for over 800,000 people in the UK and have a long track record in family savings plans. Issued and approved by Family Investments
	The F&C Child Trust Fund is a great way to give your child a head start Whatever they decide to do in life. You can invest from as little as £25 a month, or a lump sum from £100, on top of your voucher investment. We offer a wide choice of 14 investment trusts in our shares account, or you can opt for our stakeholder account. As F&C is one of the largest investment trust managers in the UK, you can be reassured your investment is in good hands. show more... show less Issued and approved by F&C Management Limited
Risk Warnings Hide Risk Warnings RISK WARNINGS The content relating to the past performance of an investment is not necessarily a guide to its performance in the future. The value of investments or income from them may go down as well as up. As stocks and shares are valued from second to second, their bid and offer value fluctuates sometimes widely. The degree of fluctuation of fund values varies significantly and the value of higher volatility funds may change suddenly. The value of investments may rise or fall due to the volatility of world markets, interest rates and capital values or, for investments held in overseas markets, changes in the rate of exchange in the currency in which the investments are denominated. You may not necessarily get back the amount you invested. The levels and bases of, and reliefs from, taxation are subject to change as UK legislation and regulations and the UK tax regime are amended from time to time and any content on this site referring to such legislation, regulations or tax regime should not be relied upon. All content provided through this site is only for your personal information and use, and is not intended to address your particular requirements or to be relied upon in making (or refraining from making) any specific investment or other decision. Dianomi Limited's content shall not constitute any form of advice or recommendation by us. Where you are unsure about any specific investment or other decision, you should obtain appropriate expert independent advice. Nothing included in this site constitutes an offer or solicitation to sell investments to anyone in any jurisdiction outside the United Kingdom in which such offer, solicitation or distribution would be unlawful. For further information on the rights and obligations of both you and us in relation to the use of this site please refer to Dianomi Limited's General Site Conditions which you agreed to when you accessed and used this site.

Ethical Child Trust Fund		Select
	Introducing the Family Investments Ethical Child Trust Fund Our Ethical Child Trust Fund allows you to choose a fund that will only invest in companies that pass set ethical criteria. For instance, we’ll avoid investing in companies that generate significant turnover from testing cosmetics or toiletries on animals, importing tropical hardwood or activities that pollute waterways. Currently we’re the leading Child Trust Fund provider, as more parents have taken out a CTF with us than with anyone else. show more... show less

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