Child Trust Fund

What is the Child Trust Fund (CTF)?

The Child Trust Fund (CTF) is a tax efficient savings account for children that matures on their 18th birthday. It was introduced by the Government on the 6th April 2005.

The Government is allowing a total of £1,200 (in addition to their contributions) to be invested into the Child Trust Fund each year, and is offering special tax concessions to help the investments grow.

Once the money is invested it is 'locked in' until the child's 18th birthday, when the Child Trust Fund will mature. The fund then will be available to your child, tax free, giving them a valuable financial head start in life.

If you are looking to invest your child's cheque, Barnsley Building Society has teamed up with Liverpool Victoria Friendly Society to offer a specific type of account which might be suitable for your requirements. Click here for full details and to find out more.

For more information, an application pack and a free guide, click the link on the right.