The amount of money in each account will depend on how much was deposited by your family or guardians during your childhood, alongside the initial voucher payment. We use some essential cookies to make this website work. In Scotland, applications need to be made to the Office of the Public Guardian in Scotland. If you dont have an account with us, you can apply for a new HSBC UK bank account online. I have a matured CTF, what are my options? : Natwest Wed like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. Wed like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. This can be done in branch. Our second WRP AJ Bell charges 0.25%, excluding costs for buying and selling funds and shares (1.50 for funds and up to almost 10 for shares). You're the only person who can: tell the account provider how to invest the fund and run the account. Unable to contact the bank, the youth waited for months after the accounts matured. Find out about the Energy Bills Support Scheme, View a printable version of the whole guide, tell the account provider how to invest the fund and run the account, change the address and other personal details, change the type of account, for example from cash to stocks and shares, your childs Unique Reference Number (youll find this on your annual Child Trust Fund statement), details of the account type and the provider, take over the account by contacting the Child Trust Fund provider. How an investing trick can protect your family's nest egg but you must be careful how you do it, Will the crackdown on holiday lettings wreck your returns? They were designed to ensure children arrived at adulthood with a savings account and understood the importance of saving. Child Trust Fund Scheme | How To Access It | MoneySense Youll need to bring identification and proof of address. Heres what you need to know to find your stride. But now youre finally there, does it all feel a bitoverwhelming? If Sarah keeps Zac's child trust fund where it is and does not make any more contributions, after seven-and-a-half years his 2,500 pot could be worth 3,748, allowing for 6 per cent investment . A Child Trust Fund is a long-term tax-free savings account for children born between 1 September 2002 and 2 January 2011.
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