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Child Trust Fund

Child Trust Fund

The Child Trust Fund (CTF) was the forerunner to the Junior ISA. Children born in the UK between 1st September 2002 up to and including the 2nd January 2011 were eligible for the Child Trust Fund. Although no longer available to new-born children, existing Child Trust Fund accounts remain open to new investment. You can transfer an existing Child Trust Fund account to Jump with the minimum transfer value of £1,000.

  • The Jump CTF is an equity product that invests into Witan Investment Trust; a well-known and leading global investment trust.
  • The CTF is a tax efficient savings vehicle for adults to save on behalf of a child.*
  • Any family member or friend can contribute towards the account.
  • The maximum annual allowance for the CTF is £3,720 for the 2013/14 tax year and £3,840 for the 2014/15 tax year.
  • You can only transfer an existing CTF account to Jump providing your existing CTF account has a minimum value of £1,000.
  • Due to Government rules any money that is invested in a CTF cannot be accessed until the child reaches 18.

*Please note that tax assumptions may change if the law changes, and the value of tax relief (if any) will depend upon your individual circumstances. Investors should consult their own tax advisers in order to understand any applicable tax consequences. The above section is based on Witan Investment Services Limited's understanding of Revenue law and practice as at April 2014.

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