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.
Additional contributions can be paid into the Child Trust Fund of up to £4260 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.
- Opened with a ‘voucher’ donation from the Government.
- Family & friends can pay in up to £4,260 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.
Transfer your CTF to a Kingston Unity Junior ISA
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.
An Alternative Child Savings Plan
If you want to make additional savings for your child’s future in addition to the Child Trust Fund or Junior ISA, we offer a Child Tax Exempt Savings Plan which enables parents to save as little as £5 per month up to £25 per month tax-free meaning you can take full advantage of the tax-free allowances available to them.
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 – 22nd April 2019 – 2.006
- Last week – 15th April 2019 – 1.933
- One year ago – 22nd April 2018 – 1.839
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 1.50% 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.
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 Product Guide
Click below to download the product guide for our Child Trust Fund AccountsDownload
CTF non-stakeholder Key Information Document
Key Information Document about our Child Trust Fund - Non stakeholder option.Download here
CTF Stakeholder Key Information Document
Key Information Document about our Child Trust Fund stakeholder product.Download here
CTF to CTF Transfer Form
This document contains everything you need to transfer an existing Child Trust Fund to a Kingston Unity Child Trust Fund.Download
CTF Gift Form
Use this form to pay into a Child Trust Fund. You will need the child's Unique Reference Number.Download
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