- How do I set up a regular contribution to my child's equity CTF?
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If you would like to set up a regular Direct Debit payment into the L&G Equity CTF please print out and complete the .
This should be sent to:
Legal & General Retail Investments
Document Management Centre
BNY Mellon House
Ingrave Road
Brentwood
Essex
CM15 8TG
Forms are also available from your local Nationwide branch.
For additional payments into the cash CTF please visit your local branch.
It is important to note that any additional contributions made by you, family or friends into the CTF cannot be withdrawn until your child's 18th birthday and that only your child will have access to the money at that time.
- How do I make a one off contribution?
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Please complete the and return it to:
Legal & General Retail Investments,
BNY Mellon House,
Ingrave Road,
Brentwood,
Essex
CM15 8TG.
Alternatively, top up forms are available from your local Nationwide branch, or you can send your cheque and a covering letter directly to the address above. Please note, all cheques for one off payments should be made payable to ‘Legal & General’ and include the child’s name on the payee line (for example ‘Legal & General – J Smith’).
- Why should I make any extra contributions?
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Just imagine what a difference a lump sum on your 18th birthday would have made to your life. It's a time when every little helps, and starting a Child Trust Fund now could deliver enough money to help with your child's future education, a deposit on a first home, or to buy a first car – what ever they want.
- How do I keep track of my child's investment?
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A statement will be sent to you each year showing how much money has been paid in and how the fund has changed in value over the year. Fund prices are also published on our fund prices webpage.
- What happens when my child is 18?
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Once your child is 18, they can withdraw all the money without any tax to pay, regardless of the fund size.
For additional payments into the cash CTF please visit your local branch.
It is important to note that any additional contributions made by you, family or friends into the CTF cannot be withdrawn until your child's 18th birthday and that only your child will have access to the money at that time.
- Taking money out
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No one can withdraw any money from a Child Trust Fund until your child is 18, and then only the child can withdraw.
- Can I change a Cash Child Trust Fund to an Equity one or vice versa?
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Yes. It couldn’t be simpler to transfer your existing Child Trust Fund account to us!
Equity Child Trust Fund:
Online: Please print and complete all sections of the Equity CTF Transfer form and return it to:
Legal & General Retail Investments
Document Management Centre
BNY Mellon House
Ingrave Road
Brentwood
Essex
CM15 8TG
In branch: Alternatively you can obtain a transfer form from your nearest branch
Cash Child Trust Fund:
In branch: Just pop in and complete a Transfer form at your nearest branch
- When is my interest paid on my Cash CTF?
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Interest is paid tax-free, and is added to your children's savings account on their birthday. Plus, if you've paid in £240 or more during the year, the Fund will receive an extra interest bonus.
Interest added to the account will not affect the annual allowances – so you can still deposit up to £3,600 each year. As the account is owned by your child, there's no further income tax to pay on the interest earned. Child Trust Fund interest is credited free of personal income tax.
- How do I change my name or address?
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Equity Child Trust Fund
If you would like to change contact details on your investment, please print out and complete the or visit your local branch.
This should be sent to:
Legal & General Retail Investments
BNY Mellon House
Ingrave Road
Brentwood
Essex
CM15 8TG
Cash Child Trust Fund
There are forms available online to change your name or address. These can be found within "Other Services" on the Internet Bank. Alternatively you can pop into your local branch.