Anyone can put money into a child's Child Trust Fund (CTF) account if they want to, but they would need to ask the registered contact for the account details in order to pay it in directly.
In any one year there is a limit of £1,200 between all contributors, not for each individual contributor.
If the child has a stakeholder account, it can be topped up by cheque, standing order, direct debit or direct credit. For non-stakeholder accounts it's up to the individual provider how they choose to accept payments.
For the CTF, each year starts from the date of the child's birthday and runs until the day before their next one.
So next time aunts, uncles or grandparents are struggling for present ideas, why not suggest a contribution to the CTF account? All contributions, no matter how big or small, will help the account grow into a useful sum.
If you need tips on how to save the link below will give you some ideas.
Top tips for saving
