Child Trust Fund (CTF)
Why your child has been given £250
The Government is giving every child born on or after 1 September 2002 a voucher for at least £250 to kick start a Child Trust Fund (CTF) savings account. Those in families who receive full Child Tax Credit or are in Local Authority care will get at least £500.
When they are ready to do their own thing, they'll need a lump sum to get started - whether their goal is further education, buying a car, setting up a home of their own or even launching a small business. That's where CTF comes in, by providing a lump sum to help with these things when they're 18.
At Chelsea Building Society we recognise the importance of planning for your child's future. That's why we've teamed up with The Children's Mutual who are the specialists in savings for children. As experts they're ideally placed to provide you with information on the options available and explain what this could mean to you and your child.
