In Budget 2006 the Chancellor announced that all eligible children will receive a futher payment of £250 into their CTF account at age 7, with children in lower income families receiving an additional £250. These payments will be made on a similar basis to the initial birth endowments.
To find out more about how age 7 payments will effect how much your Child Trust Fund might be worth at age 18 please use the CTF calculator link below.
Child Trust Fund Calculator
The link below takes you to the Budget 2006 site.
www.hm-treasury.gov.uk/budget/budget_06/bud_bud06_index.cfm
