Child trust funds

Produced by a Tolley Personal Tax expert

Personal Tax

Guidance

A child trust fund is a savings and investment account opened by the Government for children in the UK born between 1 September 2002 and 2 January 2011. The fund matures at age 18, so for children born in September 2002, child trust funds matured for the first time in September 2020.

The funds were intended to be long-term investment mediums. Eligibility to the child trust fund relied upon a person being eligible to child benefit for that child. Children in the care of local authority were also eligible for the child trust fund. Broadly speaking, a child needed to have the right of abode in the UK to be eligible for the fund although there were some exceptions to this. The Government opened the child trust fund on behalf of the child and made an initial payment into the fund.

Note that it is not possible for the child to have a child trust fund and a junior individual saving account (ISA). In order to be eligible to open a junior ISA, the child either must

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