Making contributions to a child’s Child Trust Fund (CTF) account is your choice.
The CTF account offers parents, family and friends the chance to save up to £1,200 a year between them. This is in addition to the contributions made by the Government. Every contribution, no matter how small, will make a difference in the long run.
Neither parents nor the child will pay tax on income or gains in the account.
These savings will build into an asset that children can use as young adults to help them make the most of the opportunities ahead. All eligible children reaching 18 will have some money behind them at the start of their adult lives.
FAQ
Further information about contributing to an account
