Child Trust Fund
Give your child's savings a head start
- Friends and family can add to your child's account
- A tax-efficient investment for your child's Child Trust Fund voucher
- Invest up to £1,200 each year
- Manage your child's account online
To encourage saving for our little ones, every eligible child born between 1st September 2002 and 2nd January 2011 is entitled to a voucher from the government to invest in a Child Trust Fund (CTF) account.
Yorkshire Bank's CTF is provided by Family Investments, the UK's favourite provider, who look after the CTF accounts of over 1.1 million children.
The Family Investments CTF is a stakeholder account. The account is invested in stocks and shares, which means that it has good potential to grow. From age 13, your child's money will be gradually shifted away from shares to lower risk investments like cash and fixed interest, which helps protect the value in later years. However, please bear in mind that as with all investments in the stock market, the value of the account can fall as well as rise and your child could get back less than has been invested.
The account belongs to your child - only they can access the money and only when they turn 18, so it's a great way to start saving for their future. Friends and family members can contribute up to £1,200 a year and any returns on a CTF are currently free from Income Tax and Capital Gains Tax, although tax advantages depend on individual circumstances and may change in the future.
How to apply
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This link takes you to the Family Investments website.- Telephone on 0800 587 6569* (Monday - Friday 9am - 7pm, Saturday 9am - 12pm)
- Visit your local Yorkshire Bank branch
The Child Trust Fund – at a glance
- All money is locked into the account until the child is 18 when only they can access it
- Tax-efficient investment with returns currently free from UK Income Tax and Capital Gains Tax
- Great opportunity for parents to help build a brighter future for their children
- Provided in conjunction with Family Investments, the UK's favourite provider of the Child Trust Fund
- Parents and others can invest up to a combined total of £1,200 each year.
And if you open a Yorkshire Child Trust Fund your child’s account will be with the only Stakeholder provider where you can manage the account online!
Further Information
This Child Trust Fund account is provided by Family Investments. Family Investments does not provide advice. If you have any doubts on the suitability of this product you should seek financial advice.
Other savings accounts
- Savings Account Plus - enjoy a healthy return on your savings
- Term Deposit - hold your account for the full 3 years and you'll receive a guaranteed rate
- 40 Day Notice Account - save as much as you like following your initial deposit of £500 and when you need to withdraw your savings just give 40 days notice
- Cash ISA - a great way to watch your money grow
- Stocks and Shares ISA - make the stock market work for you
- Cybersave - help your child to manage their money
- Child Savings Bond - a great investment for your child’s future
Yorkshire Bank is a trading name of Clydesdale Bank PLC which acts as an introducer to Family Investments who arrange this Child Trust Fund account.
Family Investments is the trading name of Family Equity Plan Limited (Co. No. 2208249) which is authorised and regulated by the Financial Services Authority and is entered on their register under registration number 122351. Registered in England and Wales: 16-17 West Street, Brighton, East Sussex BN1 2RL.
*For your security, calls may be monitored or recorded.