The maximum that you can pay into a Child Trust Fund account is £1200 per subscription year. The minimum contribution into an engage Child Trust Fund account is £5.
If you don't use your child's CTF voucher to open an account of your choice by its expiry date, HMRC will pay it into an account for your child with one of the approved Child Trust Fund providers. By investing the CTF voucher yourself, you decide who it will be invested with.
If your child was born before 1st September 2002 they don't qualify for a Child Trust Fund account but you can start saving for them now with Junior Easy Save.
If you have lost or haven't received your child's CTF voucher you will need to request a replacement from HM Revenue & Customs. You can either contact them by telephone on 0845 302 1470 or request a replacement voucher online by visiting their website
They cannot access it until they reach 18.
Alternatively, you may want to consider the Junior Easy Save which allows you to save for a child, monthly or yearly for a minimum of 10 years. Find out more here.
The child's tax free cash lump sum payout at the age of 18 will depend on the investment performance and cannot be guaranteed. The value of the Child Trust Fund can fall as well as rise and the child may get back less than has been paid in. Please refer to 'risk factors' in the Key Features for more information.
Once you've applied for an engage Child Trust Fund account, whether by phone, post or online, you need to send the Child Trust Fund voucher to:
engage Child Trust Fund
FREEPOST, NEA 4568
Harrogate
North Yorkshire
HG2 7BR
A statement will be sent each year around the time of the child's birthday, which will show how much has been paid into the Child Trust Fund account so far and its current value. This will help you track any payments made and check on the performance of the Child Trust Fund.
In writing. Please download, print and complete this form and return it to the address given.
Following application for child benefit, the Government sends the applicant a Child Trust Fund voucher to invest. If this voucher isn't used within twelve months then it is allocated to one of the approved CTF providers like ourselves.
As soon as an account is allocated by the Inland Revenue then the voucher is no longer valid and they will notify the responsible person the name of the provider.
Once you have become the Registered Contact for a Child Trust Fund you are able to transfer the CTF either to or from an engage Child Trust Fund. Transferring a Child Trust Fund between providers is free of charge.
engage Mutual Assurance is a trading name of Homeowners Friendly Society Limited (“HFSL”) and its wholly owned subsidiary companies engage Mutual Funds Limited (“eMFL”), engage Mutual Services Limited (“eMSL”), engage Mutual Insurance Limited (“eMIL”) and engage Mutual Administration Limited (“eMAL”). HFSL and eMFL are authorised and regulated by the Financial Services Authority. important legal info | privacy