CTF News

« Back to All Posts

Take Control of your Child’s Savings

Child Savings accounts have changed dramatically in the last 10 years. The number of families saving for children improved dramatically during Labour’s time in power.

During this period many parents received government vouchers to set up children’s savings accounts through the Child Trust Fund (CTF) scheme which finished in 2011. The CTF voucher the government sent to you was only valid for 12 months before it had to be utilised. Many parents will have taken the voucher and invested it within that date with a provider of their choice.

If you did not invest the voucher for any reason (after the expiry date) the HMRC randomly allocated all such CTFs to providers who were registered to receive these accounts.

The range of providers administering revenue allocated accounts at the start was huge. These tended to be bigger with profits friendly societies and investment providers, although small building societies and some stock broking outfits also got involved.

If your account was allocated by the revenue and you do not know which provider it is with you can locate the child savings accounts using the government web service found by visiting the following link:
http://www.hmrc.gov.uk/tools/childtrustfundclaim/ctfaccount.htm

With Child Trust Fund to Junior ISA transfers being allowable from next April, now would be a great time to give your child savings a health check. Ask the provider questions such as ‘How has my Child Trust Fund Performed?’ and ‘What risk am I taking?’.

Take control of your CTF today. Visit www.thechildrensisa.com

Contact Us

Email: hello@TheChildrensISA.com

Address: 1 Lowry Plaza, The Quays M50 3UB

The Children's ISA

© The Children's ISA Ltd 2020. All rights reserved.

The website and the information contained therein should not be regarded as an offer or solicitation to conduct investment business in any jurisdiction other than the UK. Past performance is not necessarily a guide to future performance and the value of your investment may fall as well as rise, and any income received in the form of dividends may fluctuate. You may not get back the full amount when the account is closed. If paying regular monthly contributions please bear in mind that if contributions are not maintained you will be less likely to achieve the investment amount that was originally projected.

The information on this website is not advice, it is provided solely to enable you to make your own investment decisions. The investments and / or investment services referred to may not be suitable for all investors. If you are unsure of the suitability of any investment, you should contact Cottons Financial Planning for advice.

The Children’s ISA Limited is authorised and regulated by the financial services authority. (FCA No: 563043)
The Children’s ISA Limited is a company registered in England and Wales.
Registered Office: 1 Lowry Plaza, The Quays Manchester, M50 3UB. Registered Company Number: 07486015

The Children's ISA is provided by Avalon Investment Services Ltd.
Avalon Investment Services Ltd. is authorised and regulated by the financial services authority.
Avalon Investment Services Ltd. is a company registered in England and Wales.
Registered Office: 2 Market Place, Tetbury, Gloucestershire, GL8 8DA.