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Child Trust Funds

Changes to Child Trust Funds

The Child Trust Fund (CTF) scheme has changed; here are some of the more significant changes.

• Although no new CTF vouchers will be issued for children born on or after 2 January 2010, if you have a valid voucher (one year from issue) you can still use it to open an account.
• Existing CTF accounts will continue as before, so contributions can still be made. The annual allowance you can pay in has increased from £1,200 to £3,600 per year (between the child's birthday) with effect from 1 November 2011.

If you have any questions regarding Child Trust Funds and how this affects you, then please call our Customer Service team on 01296 41 45 41.

Helping you put money aside for your children in a
tax-efficient way

Here at The Share Centre, we think everyone should be able to share in the wealth of the stock market – especially children. After all, the younger you start, the better off you're likely to be.

Money invested for your child now and added to over the years could mean a car, the deposit for their first home or even helping with the cost of going to University.

We understand that investing in one of our CTF accounts isn't right for everyone. It's well known that investments, their value and the income they provide can go down as well as up and you might not get back what you originally invested; so if you're not sure whether it's appropriate we'd recommend you seek independent advice.

Remember, once you've paid money into the account it is locked-in until the child is 18 and can't be withdrawn except as permitted by the CTF regulations, nor can it be repaid to the donor.

But when you've decided that investing your CTF through The Share Centre is the thing to do, we're here to help with the information, support and advice you need.

01296 41 41 41