rda - child trust fund


			Child Trust Fund This is a new savings and investment account for children. Children born on or after 1 September 2002 will receive a £250 voucher to start their account. The account belongs to the child and no cash can be withdrawn until they turn 18, so that children have some money behind them to start their adult life; for example, to help with university costs, or for a deposit on their first home.
			Claim Child Benefit You must be awarded Child Benefit for your child before you can open an account. Shortly after you've been awarded Child Benefit you will receive an information pack and a voucher for £250, with which you can open a Child Trust Fund account for your child. Choose an Account The information pack will tell you about different types of accounts and what you should think about when choosing an account for your child. Choose a CTF Provider After you've chosen the type of account you will need to decide on the provider. You will find a list of them in the information pack. What next? Until your child turns 16 you can manage the account as you think best. You, or your family and friends, can make contributions to the fund up to a maximum of £1200 in any one year. To find out more, why not discuss your options with us? Contact us today

Child Trust Fund