Child Trust Fund – CTF

You can no longer take out a CTF for your child as they became defunct in January 2011. Only children who were born between 1st September 2002 and 2nd January 2011 are eligible for a CTF.

The alternative to a CTF is our Junior Stocks & Shares ISA. This is a tax-efficient savings plan for children that can be opened for any child who lives in the UK and is not eligible for a CTF.

If your child has a CTF with us you can set up a Direct Debit to make regular monthly payments or choose to contribute a single sum whenever you wish. If you would like to set up a Direct Debit or make a payment to your child’s CTF please call our Member Services team on 0800 526 249.

If you already have a regular payment into your child’s account set up, then you can increase, decrease, stop or start this when you like. To do this please call our Member Services team on 0800 526 249.

We invest in a responsible and sensible manner in a unit-linked fund that invests primarily in stocks and shares. The reason we choose to invest the money this way is to try to achieve greater returns on your child’s investment over the long-term.

When your child reaches age 18 their CTF will ‘mature’. This means the money you have invested, plus any growth, will be made available to them tax-free. They can then use this to pay for a first car, a deposit on a home or to help with the next step in their career or education.

You now can transfer your child’s CTF to a Shepherds Friendly CTF or Junior ISA.  If you would like to do this you can do this be either downloading our transfer form or contact our Member Services team on 0800 526 249.