Investment Types - Childrens Trust Funds
Child Trust Funds
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Child Trust Funds

The Child Trust Fund or CTF was a Labour government initiative that was introduced in April 2005.

Every child born or or after 1st September 2002 was entitled to a CTF account, with payments of £250 (or £500 for low-income families) being made at birth and at the age of seven. This was to be invested on the child's behalf until they reach the age of 18. Parents, family and friends were allowed to the contribute to the fund.

All children born on or after 1st September 2002 qualified for a CTF account, with a "top-up" limit of £1,200 per year or £100 per month. Once money is paid into the account, it must remain there until the child reaches 18.

The CTF was scrapped by the new Coalition government and Junior Isas were introduced as a replacement in  November 2011. Those who have CTFs can still invest into them, but they will no longer receive government contributions.

Currently, those with CTFs cannot also open a Junior Isa, nor can they transfer CTF funds into a Junior Isa. There is an ongoing campaign to allow CTFs and Jisas to merge, partly because of fears that CTFs will languish as product providers concentrate on offering healthy rates for Junior Isas.

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