Overview

A Child Trust Fund (CTF) is a long-term tax-free savings account for children.

You cannot apply for a new Child Trust Fund because the scheme is now closed. You can apply for a Junior ISA instead.

If you already have a Child Trust Fund

You can continue to add up to £4,260 a year to your CTF account. The money belongs to the child and they can only take it out when they’re 18. They can take control of the account when they’re 16.

There’s no tax to pay on the CTF income or any profit it makes. It will not affect any benefits or tax credits you receive.

Find your provider

You can find out where a CTF is held if you do not know the provider. Fill in the form online to ask HM Revenue and Customs (HMRC). You’ll need a Government Gateway user ID and password. If you do not have a user ID, you can create one when you fill in the online form.

HMRC will contact you for more information if you’ve adopted the child or a court has given you parental responsibility for them.