A Child Trust Fund is a long-term tax-free savings account for children born between 1 September 2002 and 2 January 2011.
Find a Child Trust Fund as a parent or if you are over 16.
See Also
Trust Fund Babies: Spoiled or Smartly Safeguarded? | Trust & WillHow To Get Money Out of a Trust FundCCM18290 - Child Benefit and Tax Credits: Child Trust Fund - Eligibility - HMRC internal manualWhen will I get my money?The Child Trust Fund scheme closed in 2011. You can apply for a Junior ISA instead.
This guide is also available in Welsh (Cymraeg).
See Also
Child Trust FundPaying into a Child Trust Fund
You can continue to add up to £9,000 a year to an existing Child Trust Fund account. The money belongs to the child and they can only take it out when they’re 18. They can take control of the account when they’re 16.
There’s no tax to pay on the Child Trust Fund income or any profit it makes. It will not affect any benefits or tax credits you receive.
