A Child Trust Fund is a long-term tax-free savings account for children born between 1 September 2002 and 2 January 2011.

Find a Child Trust Fund as a parent or if you are over 16.

The Child Trust Fund scheme closed in 2011. You can apply for a Junior ISA instead.

This guide is also available in Welsh (Cymraeg).

Paying into a Child Trust Fund

You can continue to add up to £9,000 a year to an existing Child Trust Fund 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 Child Trust Fund income or any profit it makes. It will not affect any benefits or tax credits you receive.