Child Trust Funds which are flexible and simple to open When you open a Child Trust Fund account at F&C, you can add to this amount (up to a £1,200 each year). Anyone can contribute, including your family and friends. It’s a useful option to help your child finance their future, such as paying for university fees or funding a deposit on a first property. We’re determined to offer you the best opportunity to help you invest for your child’s future. | | At F&C, there are two Child Trust Fund options for you to chose from – a shares account or a stakeholder account, just click the buttons below to find out more detailed information. With both accounts once you receive your welcome pack you also gain access to My-CTF our dedicated site full of information and special offers as well as activities for children. Important notice: On 24 May 2010 the Chancellor announced the new government will pass legislation to end Child Trust Fund payments. It is intended that the removal of the government’s contributions to CTFs will be phased: - From August 2010 contributions at birth will be reduced to £50 and all contributions at age 7 will stop; and
- From January 2011, all contributions at birth will stop.
Consequently CTFs may be opened for all qualifying children born on or before 31 December 2010 and it may continue to be possible to make annual contributions to CTFs valid on 31 December 2010. The latest published information on the changes to CTF will be available on the Treasury website. | | | |
