child trust fund

money paid by the government for the benefit of children in the future. The terms of a child trust fund must secure that it is held in the name of a child, secure that the child is beneficially entitled to the investments under it, secure that all income and gains arising on investments under it constitute investments under it, prevent withdrawals from it except as permitted by regulations, and provide that instructions may be given to the account provider with respect to its management only by the person who has the authority to manage it. Parents may pay money into it and it benefits from tax advantages.

References in periodicals archive ?

Youngsters aged between seven and 15 years old could have up to PS1,000 in a Child Trust Fund from the Government that has been forgotten.

Has your child got a secret stash?

Since April 6, every child under 18 has a brand new Junior ISA (JISA) or Child Trust Fund (CTF) allowance.

Kid cash is sweet child of minefield

So I'm delighted that, as a result of these changes, over six million children who currently have savings in a child trust fund will be able to benefit from better returns and lower charges on those savings in the future.

ChildTrust Fund savers receive a festive boost; PERSONAL FINANCE

Parents and other family members and friends could also invest money in a child trust fund on the child s behalf.

United Kingdom : Children get option to transfer CTF money to Junior Isa

The treasury stated that the best interest rate for a Child Trust Fund was 3%, while the best interest rate for a Junior ISA was 6%, as of 19 November.

Better savings rates expected to be available for UK junior savers from April 2015

The Government has designed the new tax-friendly savings account for children to replace the Child Trust Fund (CTF).

Building society launches Junior ISA

However, unlike the child trust fund where hundreds of pounds were given to each child, the Government will not make any payments.

PARENTS IN DARK OVER JUNIOR ISAs; Experts fear kids will miss out on savings

PARENTS were urged yesterday to apply for the child trust fund top-up in Wales before it is too late.

Last chance to claim child trust fund top-up

Earlier this year the UK Coalition Government made a decision to end the Child Trust Fund.

Cash to be invested to support Wales' most vulnerable young

PARENTS in Yorkshire want their children to spend their Child Trust Fund on education, according to research.

Kids should spend fund on education

From 2010, the Government will contribute pounds 100 every year to the Child Trust Fund accounts of disabled children, with severely disabled children receiving pounds 200 per year.

Disabled child claim; YourSay

NEARLY a third of Child Trust Fund vouchers are going unused three years after the Government scheme was launched.