Government announcement on Child Trust Funds 24th May 2010: (Please follow the link for more details.)

Financial Secretary to the Treasury announces new tax-free savings account for children "Junior ISAs" 31st March 2011.

Child Trust Fund

To open an account you must have parental responsibility for the child and be over 16 years of age. When you open the account you will be required to nominate a 'Registered Contact' who again must be over 16 and have parental responsibility. The 'Registered Contact' is the person who can make decisions about the account and to whom annual statements will be sent. When the child reaches 16, he/she will become the 'Registered Contact' by completing a declaration at that time. If he/she fails to do so, we will continue to manage the account in accordance with the most recent instructions from the previous registered contact.

When the account is opened or additional money added to it, you will be allocated a number of units based on the unit price that day. For example, if you invested £250.00 and the unit price was £1.00, you would be allocated 250 units. The unit price will vary depending upon the value of assets within the fund and the number of units issued. However, the number of units allocated to your account will not vary unless additional money is invested. You can therefore calculate the value of your investment by multiplying the unit price by the number of units held. The unit price will be calculated weekly and is available on our website or by contacting our office.

Download our Child Trust Fund Brochure

More detailed information is available in the brochure linked above. For further details, or to make an application, please click the following link:

Further information >>

     Do you have a child aged 4-11?

If so why not check out these useful sites for ideas on teaching your child about money and saving, or click here for further information.

Child Trust Fund Unit Value (pence)        

Do you want an additional or alternative TAX FREE way to save for your Child's future? We offer a Tax Exempt Savings Plan, available for both adults and children from birth. Where you can save from as little as £5 per month or £50 annually up to £25 per month or £270 annually TAX FREE. More information on Sheffield Mutual's Tax Exempt Savings Plan.

For a history of CTF values, please visit our archive.