Child Trust Fund

The Child Trust Fund (CTF) is a long-term tax-free savings and investment account for children born on or after 1 September 2002. The government will give every eligible child a voucher worth at least £250 to start the fund.

Your child will be eligible if they:

• were born on or after 1 September 2002
• qualify for Child Benefit
• are living in the UK
• not subject to any immigration restriction

Your child will not be eligible for a Child Trust Fund if you're an asylum seeker waiting for your asylum claim to be processed.

You can open a Child Trust Fund account:

• at banks, building societies or friendly societies
• with fund managers, insurance companies or investment trusts
• through local high street shops (working in partnership with providers to make CTF accounts easily available)