This report sets out operational statistics for the seventh year of operation of the Child Trust Fund, from 6 April 2011 to 5 April 2012. Detailed distributional analysis has been published alongside this report
As part of its strategy to reduce the budget deficit, the Government has ended new eligibility for the Child Trust Fund, and reduced and then stopped government payments to accounts. As a result, no child born after 2 January 2011 has been entitled to a Child Trust Fund. However, from 1 November 2011, parents and carers have been able to save for their child’s future in a Junior ISA.