Child Trust Fund

At least £250 for your child!

The Child Trust Fund is an exciting initiative from the Government to give children a head start when they reach 18. Every child born since the 1st September 2002 and eligible for Child Benefit qualifies for an initial government contribution of at least £250.

A Child Trust Fund voucher for the appropriate amount will be sent to the child's mother or registered contact, and the information provided on this voucher can be used to open your Fund. You will not need to send the voucher in order to open the Fund, and your application can be made online.

The Government will make a further donation to the Fund when your child reaches 7 years old. This money is invested and no withdrawals can be taken from the Fund until your child reaches the age of 18.

The Society offers the 'Baby Bond®' Child Trust Fund through The Children's Mutual, the only UK company specialising in children's savings.

Take full advantage!

Once you have opened your Baby Bond®, you can simply leave the money provided by the Government to build up a tax-free Fund for your child at age 18. Your child can then withdraw the money and use it for any purpose, such as further education or as a deposit on a new car or first home.

However, to make the most of the Fund and give your child a better start in life, you can make additional investments to the fund - up to an overall total of £1,200 each year. It doesn't matter whether you are a parent, grandparent, family member or friend, you can make a contribution - as long as the overall annual total of £1,200 is not exceeded.

Click here to find out more about the 'Baby Bond®' Child Trust Fund from the Children's Mutual.

Why Children's Mutual?

Only a small number of providers offer the Child Trust Fund. The Children's Mutual specialise purely in providing investment plans for children and are recognised experts in their field. Like us, they are a mutual organisation, looking after their members. Who better, then, to choose as a provider of the Child Trust Fund?

The Society is authorised and regulated by the Financial Services Authority. The Society is a Member of the Building Societies Association. Shares and Deposits in the Society are Trustee Investments.