Child Trust Fund
Give your child's savings a flying start
- A tax-efficient investment for your Child Trust Fund voucher
- Extra government payment at age 7 to boost the investment
- Invest up to £1,200 each year
To encourage saving for our little ones, the government has launched the Child Trust Fund. Every eligible child born on or after 1st September 2002 will be entitled to a £250 voucher to invest in a Child Trust Fund account. If your family qualifies for full Child Tax credit you’ll also get an additional £250 at a later date.
Only the child can access the money and only when they reach 18. The Child Trust Fund account is a tax-efficient investment and returns are currently free from Income and Capital Gains Tax, although tax legislation may change in the future.
How to apply
- Visit your local Clydesdale Bank branch
- Telephone free on 0800 587 6569
- Visit Family Investments (opens in new window) for more information, including the Key Features, and to apply online. (This link takes you to the Family Investment website and you will leave the Clydesdale Bank site).
The Child Trust Fund – at a glance
- Government plans to give every child an extra payment at age 7
- All money is locked into the account until the child is 18
- Tax-efficient investment with returns currently free from UK Income Tax and Capital Gains Tax
- Great opportunity for parents to help build a brighter future for their children
- Provided in conjunction with Family Investments, an approved provider of the Child Trust Fund
- Parents and others can invest up to a combined total of £1,200 each year.
Further Information
There are different types of Child Trust Fund accounts available. As Family Investments invest the Child Trust Fund account in the Stockmarket, the value of the account can fall as well as rise and your child may not get back the amount invested.
This Child Trust Fund account is provided by Family Investments. Family Investments only offers its own products and does not provide advice on their suitability. If you have any doubts you should seek financial advice (Financial Advisers may charge for their services).
Other savings accounts
- Savings Account - access your money quickly and easily
- Savings Account Plus - enjoy a healthy return on your savings
- Term Deposit - hold your account for the full 3 years and you'll receive a guaranteed rate
- Notice Account - save as much as you like following your initial deposit of £750 and when you need to withdraw your savings just give 30 days notice
- Cash ISA - a great way to watch your money grow
- Stocks and Shares ISA - make the stock market work for you
- Cybersave – help your child to manage their money
- Child Savings Bond - a great investment for your child’s future
Clydesdale Bank PLC acts as an introducer to Family Investments who arrange this Child Trust Fund account.
Family Investments is the trading name of Family Equity Plan Limited (Co. No. 2208249) which is authorised and regulated by the Financial Services Authority and is entered on their register under registration number 122351. Registered Office: 16-17 West Street, Brighton, East Sussex BN1 2RL.
For your security, calls may be monitored or recorded.