The Government has set up the Child Trust Fund to encourage the next generation to build up their savings and help teach the benefits of investing for the future.
Every child born after 1st September 2002 is entitled to a voucher worth at least £250. If your family qualifies for full Child Tax Credit, the voucher could be worth a further £250. The Voucher will be sent to the person registered to receive Child Benefit by HM Revenue & Customs.
Investing your Child Trust Fund Voucher....
You will need to use this voucher to open a special Child Trust Fund (CTF) account, where the fund, and any additional contributions which may be made, will be professionally managed to try and ensure that your child has a useful nest egg at the age of eighteen. Currently the returns are free of income and capital gains tax, though this could change in future.
Why should you open a Child Trust Fund Account with us
The Schoolteachers Friendly Society has been set up, and is run by, its members, who in turn share in all the profits. We do not have shareholders, only members, and there is no commission to be paid to anyone. We have been looking after the savings and investments of our members since 1922, and whilst initially only schoolteachers could join, nowadays we welcome everybody, especially children. We now look after over 35,000 Child Trust Fund accounts worth £13.9m.
Want to know more about the
CTF? Just ‘click’ on our 'Friendly Owl'
Want an Application form for the CTF? Just 'click' on the picture to download