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 or our Junior ISA. 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.

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.

Key features

  • 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.

Your Options

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.

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 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.

Learn more by visiting our Child Tax-Exempt Savings plan here.


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.

Please Note: You must confirm you have read the key facts, before downloading this document.

Key Facts about our services and costs

1. The Financial Conduct Authority (FCA)

The FCA is the independent watchdog that regulates financial services. This document is designed by the FCA to be given to consumers buying certain financial products. You need to read this important document. It explains the service you are being offered and how you will pay for it.

2. Whose products do we offer?

We offer products from the whole market

We only offer products from a limited number of companies

We only offer our own products

3. Which service will we provide you with?

We will advise and make a recommendation for you after we have assessed your needs.

You will not receive advice or a recommendation from us. We may ask some questions to narrow down the selection of products that we will provide details on. You will then need to make your own choice about how to proceed.

We will provide basic advice on a limited range of stakeholder products and in order to do this we will ask some questions about your income, savings and other circumstances but we will not:

  • conduct a full assessment of your needs;
  • offer advice on whether a non-stakeholder product may be more suitable.

We can only offer products from Kingston Unity Friendly Society. These products will enable you to:

  • protect yourself and your loved ones in the event of death
  • save and invest with the added benefit of protecting yourself and your loved ones in the event of death
  • provide benefit cover in the event of sickness

4. What will you have to pay us for our services?

Normally, if you buy a financial product direct from us, there will be no payments such as commission or fees payable. If there are any commission or fees payable, we will tell you how we get paid and the amount before we carry out any business for you.

5. Who regulates us?

Kingston Unity Friendly Society, 9 Navigation Court, Calder Park, Wakefield, WF2 7BJ is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and .the Prudential Regulation Authority. Kingston Unity Friendly Society’s FCA Registered Number is 110056.

Kingston Unity Friendly Society permitted business is advising and arranging life assurance and pensions business.

You can check this on the FCA’s Register by visiting the FCA’s website or by contacting the FCA on 0845 606 1234.

6. What to do if you have a complaint

If you wish to register a complaint, please contact us:
…in writing Write to Kingston Unity Friendly Society, Complaints Department, 9 Navigation Court, Calder Park, Wakefield, WF2 7BJ. …by phoneTelephone (01924) 240164

If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service.

7. Are we covered by the Financial Services Compensation Scheme (FSCS)?

We are covered by the FSCS. You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim.

Most types of insurance business are covered for 90% of the claim with no upper limit.