Justas Sidiskis 11th August, 2021
Child Trust Funds are long-term tax-free children’s saving accounts set up by the Government. They were designed to make sure children arrived at adulthood with a savings account and understood why it is important to save. Child Trust Funds were available to all children born in the UK whose parents were awarded Child Benefit between 1 September 2002 and 2 January 2011. All money earned on the Child Trust Fund is tax-free, and when the account holder turns 18, the mature Child Trust Fund can either be cashed in or transferred to an adult ISA.
Learn more about how to find and claim your mature Child Trust Fund using the CTF Register.