We previously offered two types of Child Trust Fund (CTF):

  1. A cash fund, where the money is held in a traditional bank or building society account, and
  2. An equity stakeholder fund, where the money is invested in company shares (known as equities).

We no longer accept vouchers to open Child Trust Fund accounts.

The maximum annual allowance for a Child Trust Fund from 6th April 2016 to 5th April 2017 is £4,080.

The Cash CTF is a Nationwide savings account. The Equity Stakeholder CTF was provided by Legal & General. As of 18th November 2016, the administration and management of the Equity Stakeholder CTF will be transferred to OneFamily.

Important changes to the Equity Stakeholder Child Trust Fund

Before 18 November 2016

Your provider is Legal & General. You can write to Legal & General with any instructions, questions or complaints on your child’s Equity CTF at the following address:

Legal & General Investments
Administration Centre
BNY Mellon House
Ingrave Road
Brentwood
Essex
CM15 8TG.

You can also contact Legal & General Customer Services on 03456 03 01 20. Lines are open Monday to Friday 9am to 5pm (Legal & General may record and monitor calls - call charges will vary). This number may not be available from outside the UK.

Please note the following cut off dates for transactions:

  • The last date any new Direct Debit requests will be accepted by Legal & General is midday on 27th October 2016
  • Any top-up requests need to reach Legal & General by midday on 11 November 2016
  • The last date for any cheques or switch requests to reach Legal & General is midday on 11th November 2016
  • Any cheques received after this date will be returned and any instructions received after this date may not be processed.

On or after 18 November 2016

Your provider is now OneFamily and you will receive a welcome pack shortly after the transfer has taken place.

If you have any queries about OneFamily you can find out more on their website. Alternatively you can call them on 03448 92 09 20, or if you're overseas on +44 1273 06 25 12, between 9am and 7pm Monday to Friday and 9am to 1pm on Saturday (call charges will vary - OneFamily may record and monitor calls).

OneFamily’s address is:

16-17 West Street
Brighton
BN1 2RL.

Please note that OneFamily are unable to offer advice on the Equity Stakeholder CTF.

Frequently asked questions

Additional contributions into the cash CTF can be made in branch or via the Internet Bank.

It's important to note that all additional contributions made by you, family or friends into the fund account can't be withdrawn until your child's 18th birthday and that only your child will have access to the money at that time.

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 contributing to 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 - whatever they want.

Once your child is 18, they can withdraw all the money without any tax to pay, regardless of the fund size.

It's important to note that any additional contributions made by you, family or friends into the Child Trust Fund can't be withdrawn until your child's 18th birthday and that only your child will have access to the money at that time.

Interest is paid tax-free, and is added to your children's savings account on their birthday.

Interest added to the account will not affect the annual allowances. The maximum annual allowance for a Child Trust Fund from 6th April 2016 to 5th April 2017 is £4,080. This limit is subject to HMRC Treasury rules and is reviewed each tax 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.

Yes, you can transfer from a cash Child Trust Fund to equity or vice versa. You can also transfer from one provider to another.

No matter who the provider is, you can only hold either a Child Trust Fund or a Junior ISA. However, children who have a Child Trust Fund can now transfer into a Nationwide Smart Junior ISA

Request a Child Trust Fund and Junior ISA transfer pack in the post, or visit us in branch.

Children who were previously issued with Child Trust Fund vouchers are eligible to transfer existing Child Trust Fund accounts into a Junior ISA. 

No matter who the provider is, you can only hold either a Child Trust Fund or a Junior ISA. So if you were planning to transfer your funds to a Nationwide Smart Junior ISA, you'll need to close your existing Child Trust Fund or Junior ISA at the same time.

Request a Child Trust Fund and Junior ISA transfer pack in the post, or visit us in branch.