Help & FAQs

What is a Child Trust Fund?

A Child Trust Fund (sometimes abbreviated to - CTF) is a long-term savings or investment account for children in the United Kingdom, with no tax to pay on any income or profit it makes. The money belongs to the child and is managed by the 'Registered Contact', until the child is 16 years old when they can manage the account themselves. However, withdrawals are not permitted until the 18th birthday of the account holder.

There is currently a £4,368 annual limit available to invest into the account, which runs from the child’s birthday.

Example: If the child was born on 15.04.2019 the £4,368 allowance will run from 15.04.2019 – 14.04.2020, it would then refresh back to another £4,368 on 15.04.2020 and so on.

Please note: New accounts cannot be created but existing accounts have full functionality and can receive new money. Child Trust Funds have been replaced by Junior ISAs; however it is important to note that Selftrade do not currently offer a Junior ISA.

Submitted on 5th Apr 2019

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Risk Warning

The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Selftrade does not provide investment advice. If you are in any doubt as to the risk or suitability of an investment or product you should seek advice from an independent financial adviser.

The extent and value of any ISA tax advantages or benefits will vary according to the individual's circumstances. The levels and bases of taxation may also change.

The extent and value of any SIPP tax advantages or benefits will vary according to the individual's circumstances. The levels and bases of taxation may also change. If your options change regarding an employer's pension scheme you may wish to review your financial situation. Once in a pension your money is only accessible, in general, from age 55.

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