All children eligible for a Child Trust Fund (CTF) account will receive a voucher worth £250 to open the account. The Government will also pay an extra £250 directly into the accounts of children who live in families receiving Child Tax Credit (CTC), where household income is not greater than the CTC threshold (£15,575 for 2008/09) when Child Benefit was first paid.
For previous years' CTC thresholds use this link
There is no need for you to make a claim for the additional payment. It will be made automatically.
If your CTC claim is finalised before your child's CTF account is opened, any additional amount due will be paid into the CTF account after it is opened. But remember you must have a CTC award and family income under the CTC threshold when Child Benefit is first paid for your child.
Children born between 1 September 2002 and 5 April 2005
Tax Credit calculator on the HM Revenue & Customs website
More about Tax Credits on the HM Revenue & Customs website
Further information about Child Tax Credit
