Child Trust Fund
Whilst Child Trust Funds are closed to new business, you can still pay in or transfer your current one to a different provider. All the information you need is here
The Child Trust Fund is a long term savings and Investment account that was set up by the Government to provide children with a better start in life.
Children born between 1st September 2002 and 2nd January 2011 were given a £250 or £50 voucher, if they qualified. This could then be used to open a Child Trust Fund account. Children receive all the proceeds of the account when they reach the age of 18.
You can transfer an existing Child Trust Fund to us if your child holds one with a different provider. With effect from April 2015 you can also transfer a Child Trust Fund account to a Junior ISA account.
Additional contributions can be paid into the Child Trust Fund of up to £4128 per birthday year. This can be paid in by you, family & friends and are gifts to the child which cannot be repaid to the donor.
Kingston Unity offers two different types of Child Trust Fund.We offer a Non-Stakeholder Account (With Profits) and a Stakeholder Account (Tracker). Both our accounts are classified as investment accounts not savings accounts.
Stakeholder Account (Tracker)
Our Stakeholder accounts invest in shares, in a fund which represents around 98% of UK market equities. Investments into this account buy ‘units’ – the number of units bought depends on the unit price on the day of investment. As the unit price rises or falls, the value of the child’s fund also changes in value.
The unit price is amended weekly and we publish this below.
Unit Price History
- Current unit price 15th January 2018 – 1.95
- 8th January 2018 – 1.94
- One year ago 15th January 2017 – 1.741
Non-Stakeholder (With Profits)
Our non-stakeholder account invests in our With Profits fund. The aim of this is to spread risk by investing in a wider range of asset classes.
Each year a bonus is added to the account. This is determined by the bonus rate in force during the year. The current bonus rate is 1.5% pa (variable).
The non-stakeholder account guarantees that at age 18 your child will receive everything that has been paid into the account, by both the government and donors as well as any bonuses added to the account. The account must remain within the non-stakeholder account for this guarantee to be fulfilled.
Transfer to us
If you have a Child Trust Fund with another provider, you can transfer this to a Child Trust Fund with Kingston Unity or a Junior ISA with Kingston Unity.
Please see the Junior ISA product page for more details about this account.
An alternative Child Savings Plan
If you want to make additional savings for your child’s future or have children who are not eligible for a Child Trust Fund, we offer two products to enable parents to take full advantage of the tax free allowances available to them.
Our Child Tax Exempt Savings Plan allows you to save from as little as £5 per month, up to £25 per month tax free.
We also offer a Junior ISA for those children aged 18 and under who are UK resident and who did not qualify for a Child Trust Fund. Please see the Child Tax Exempt Savings Plans and Junior ISA product pages for more details about these accounts.
The Key Features for both Child Trust Funds and all useful forms can be found on this page in the downloads section.
- Opened with a ‘voucher’ donation from the Government.
- Family & friends can pay in up to £4128 per year.
- Available in stakeholder and non-stakeholder funds.
- Free from Income and Capital Gains Tax.
- You can transfer your child’s Child Trust Fund to either a Junior ISA or Child Trust Fund with Kingston Unity.
- Available in addition to your child’s Tax Exempt Savings allowance for Friendly Society plans.
For any further details on any of our products please get in touch:
Where are my premiums invested?
The premiums are invested in the Kingston Unity With-Profits Fund which invests in a mixture of assets such as property, fixed deposits, shares and cash.Find out more
Don’t know where your child’s CTF is invested?
If you do not know where your child's CTF has been invested, please follow the link below and complete the form. HMRC will then write to you with confirmation details.Take a look
Child Trust Fund: Non-Stakeholder Account Key Features
Click below to download Key Features for our Non-Stakeholder Child Trust Fund AccountDownload
Child Trust Fund: Stakeholder Account Key Features
Click below to down load Key Feratures of our Stakeholder Child Trust Fund AccountDownload
Child Trust Fund Registered Contact Form
Please complete this form and send to us at our Freepost address to become the registered contact of the account.Download
Child Trust Fund Direct Debit Mandate
Use this Direct Debit mandate to make regular payments into your child’s account. Please remember you must quote your child’s Unique Reference Number (URN) as the payment reference to enable us to allocate the payments correctly. Please telephone us if you do not know the number.Download
CTF Standing Order Form
Standing Order form for CTF payments.Download
Child Trust Fund Payment Slip
Send this to Head Office when making payments by cheque.Download
CTF non-stakeholder Key Information Document
Key information about our Child Trust Fund - Non stakeholder option.Download here
CTF Stakeholder Key Information Document
Key Information about our Child Trust Fund stakeholder product.Download here