Child Trust Fund (CTF)
A legacy tax-free savings account for children born between 1 September 2002 and 2 January 2011. Existing CTFs continue to grow tax-free and can be transferred to a JISA.
How It Works
The government provided a £250 or £500 voucher at birth. Parents and others can add up to £9,000 per year. The account grows tax-free until the child turns 18. Can be transferred to a JISA.
Tax Treatment
All interest, dividends, and capital gains are completely tax-free, identical to a JISA.
Tax Advantages
- All growth is completely free of income tax and CGT
- Can be transferred to a JISA without losing tax-free status
- The original government voucher has grown tax-free since deposit
Who Is This Suitable For?
Families with children who already have a CTF. Consider transferring to a JISA for better rates and options.
Frequently Asked Questions
Should I transfer to a JISA?▾
Often yes — JISAs typically offer more options and better rates. The transfer preserves the tax-free status.
How do I find a lost CTF?▾
Contact HMRC's Child Trust Fund helpline or use the GOV.UK online tool.
What happens when the child turns 18?▾
The account matures and the young person gains full access.