Child Trust Funds

The Child Trust Fund (CTF) is a great opportunity for parents to help build a brighter financial future for their children. Bradford & Bingley's Child Trust Fund is provided by Family Investments. Family Investments are the UK's favourite provider, looking after over 500,000 CTF accounts. They have over 30 years experience in helping families invest for their future. And if you open a CTF with Family Investments, your childs account will be with the only stakeholder provider where you can manage the account online!

Key Points of the Child Trust Fund:

• A CTF is a long-term investment account where only your child can withdraw the money and only when they turn 18.
• The Government send an initial CTF voucher worth £250 to start each child’s account.
• A child may only have one CTF plan, and is only eligible if they were born on or after the 1st September 2002.
• Returns on these accounts are free from income tax and capital gains tax, although tax legislation can change.
• There is more than one type of CTF account, including protected, interest bearing deposit accounts and those that invest in shares. Bradford & Bingley have chosen to offer the Stakeholder plan from Family Investments.
• The fund will be invested where it has good potential to grow (as it includes investments in shares) although, as with most stockmarket investments this could mean your child could get back less than has been invested.
• It will not affect any benefits or Tax Credits you receive.
• Once you’ve opened a Child Trust Fund anyone, including family and friends, can make additional payments into the account, up to a total combined maximum of £1,200 each year.
• Set up a regular Direct Debit when you open a CTF, and you can choose a short break for two and up to two children* at one of over 200 UK hotels. Accommodation is free, you pay for breakfast and dinner at the hotels at the standard rate and can stay as long as you like. The offer is not transferable, accommodation is subject to availability. Terms and conditions apply and are available on request.

Find out more and apply for a Child Trust Fund Account from Family Investments here.

This CTF account is provided by Family Investments. Family Investments only offers its own products and neither they nor Bradford & Bingley provide advice or make a personal recommendation.

If you have any doubts about the suitability of the plan you should seek financial advice (financial advisers may charge for their services).

For more information on the Child Trust Fund account please contact Family Investments on 0800 587 5293 quoting 23133.

Calls may be recorded for training purposes.

If you require further assistance with other products or services please Contact Us and we will be happy to assist with your query.

*Some hotels may not accommodate children.