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Child Trust Fund

What is it?

Transferring to Engage Mutual puts your Child Trust Fund in experienced hands

Engage Mutual is one of the UK's leading Child Trust Fund providers, the product was launched in 2005 and we now manage over 215,000 child trust funds.

Although we have now stopped accepting Child Trust Fund applications with vouchers, this does not affect our existing accounts. Rest assured we will continue to service these as normal. 

You can still  transfer your child's account  to or from Engage Mutual at any time - take a look at our 'Transfer in' section to find out how.

Why transfer to Engage Mutual?
  • the Child Trust Fund (CTF) from Engage Mutual is a stakeholder account with the growth potential of a stock market based investment. Please bear in mind that as with most stock market based investments the value can fall as well as rise and your child may get back less than is invested for them   

  • make payments from as little as £5 and choose from a number of convenient payment options - see our 'Payment options' section for more information

  • anyone can pay into the child trust fund account and the total contributions can be up to £4,000 per subscription year

  • the account meets all of the government’s stakeholder CTF requirements.

Although our CTF account is a Stakeholder account which meets certain standards, this does not mean that the investment is suitable for your child or that its performance is guaranteed.

You can use the online form from HMRC to find out where your child’s CTF is held if you are unsure. 

Did you know?

We've teamed up with a range of trusted providers to offer you a little extra support when you need it most. If you transfer your Child Trust Fund account to us, you'll have access to our additional services including......

 

Call for more information – 0800 169 4321†

Information about our Child Trust Fund account for customers transferring to Engage Mutual

Our stock market based Child Trust Fund is a stakeholder account, which means it meets certain requirements set for stakeholder accounts by the government. Non-stakeholder Child Trust Funds are also available, but they do not have to meet the requirements set for stakeholder accounts. For a comparison of the features of stakeholder and non-stakeholder Child Trust Fund account please see the Key Features.

Stakeholder Child Trust Fund accounts

Stakeholder Child Trust Funds invest your child's money in company shares. To make sure their money is exposed to less risk, it isn’t invested in just one company. By investing in a number of different companies, the risk is spread and therefore reduced. The government implemented this rule to ensure the money invested in a Child Trust Fund is as safe as it can be when invested in shares.

Please bear in mind that as with most stock market based investments the value can fall as well as rise and your child may get back less than is invested for them.

Although our CTF account is a Stakeholder account which meets certain standards, this does not mean that the investment is suitable for your child or that its performance is guaranteed.

Lifestyling explained

The money in your child's account is invested using 'lifestyling'. This means that the money is gradually moved from a medium/high risk fund into a medium/low risk fund.  A lifestyled approach is taken unless you tell us otherwise.

If the account is lifestyled, the payments will be invested and the fund switched as indicated in the table below: 

  Age    Medium / high risk  fund Medium / low risk fund  Proportion of value of fund switched to medium / low risk

0 – 12

100%

0%

0%

13

80%

20%

20%

14

60%

40%

25%

15

40%

60%

33%

16

20%

80%

50%

17

0%

100%

100%

For example: If you invest £1000 when your child is 14, £600 will be invested in a medium/high risk fund and £400 in a medium/low risk Fund.

Ready to transfer to our Child Trust Fund?

Providing you are the registered contact or revenue allocated account correspondent you can transfer an existing CTF account to Engage Mutual. Simply follow the step by step process below and you can leave everything else to us.

  1. Download and read the Key Features Key Investor Information and the Terms & Conditions.

  2. Download, print and complete the CTF transfer form.

  3. Send the completed CTF transfer form to:
              Engage Mutual Assurance
              FREEPOST NEA 4568
              Harrogate
              HG2 7BR

To view the documents above you will need to have Adobe Reader installed. If you don't already have it you can download it for free from the Adobe Read Website.

Frequently asked questions for existing Child Trust Fund holders

You can find the answers to some commonly asked questions on Child Trust Fund accounts below. If you have any questions that are not answered here, please contact us.

If you are the parent or legal guardian of a child whose child trust fund has been allocated to Engage Mutual then you will need to apply to become the registered contact in order to manage your child's CTF.  To do so you must be over the age of 16 and have ‘parental responsibility’ for the child.  The Registered Contact will be the main point of contact until the child reaches the age of 16.

If you would like to become the Registered Contact simply complete our online application form or call our UK based customer service team FREE on 0800 169 4321and we will be happy to set this up for you over the phone.

Further information on managing your child's CTF can be found in our existing customer area.

Anyone can contribute to a child trust fund but the combined total of all contributions must not exceed £4,000 each subscription year. A subscription year runs from your child's birthday to the day before their next birthday. Contributions from the government don’t count towards the yearly limit.

The child trust fund from Engage Mutual accepts payments from as little as £5 and we have a number of different payment methods to choose from.

No, once a contribution is made, it belongs to the child and cannot be refunded to the person that paid it in. The child will only be able to access the money when they reach 18.

Our child trust fund is a stock market based account that aims to achieve long term capital growth, whilst spreading the investment risk by investing in shares across a range of companies listed on the FTSE 100 index.  However, as with most stock market based investments the value can fall as well as rise and your child could get back less than has been paid in.

As it is a stakeholder Child Trust Fund account, 'lifestyling' will automatically apply unless you tell us otherwise.

Lifestyling helps to manage the risk of the investment and means that when your child turns 13 the money invested will gradually move from a fund which is medium to high risk to a fund which is medium to low risk. From your child's 17th birthday onwards all of the investment will be in a medium to low risk fund. Read more about lifestyling and how the account works. 

Just an annual management charge of 1.5% of the fund’s value, that’s guaranteed not to rise for the life of the Child Trust Fund account. 

The 1.5% is deducted directly from the fund, not from the account. We calculate the charge daily on the value of the entire investment fund. The charge is then deducted on a daily basis from the fund's income and is reflected in the unit price.

No. The Child Trust Fund is separate to any benefits your family receives.

Anyone can pay into the account as long as the combined total of all contributions does not exceed £4,000 per subscription year. A subscription year runs from your child's birthday to the day before their next birthday. Contributions from the government don’t count towards the yearly limit.

The minimum contribution to a Child Trust Fund from Engage Mutual is £5. When a contribution has been made it belongs to the child and can’t be returned to the payer.

If your child was born before 1st September 2002 they don't qualify for a Child Trust Fund account but that doesn't stop you from saving for their future. We also offer a child savings plan which is available for any child who hasn't used their friendly society tax exempt allowance. Start saving for them now with Junior Easy Save.

If your child was born on or after 03 January 2011 they no longer qualify for a Child Trust Fund account but that doesn't stop you from saving for their future. We also offer a child savings account which is available for any child who hasn't used their tax exempt allowance. Start saving for them now with Junior Easy Save.

Your child will have access to the money when he or she is 18 years old.

You may want to consider the Junior Easy Save plan which allows you to save up to £25 a month or £270 a year for a child for a minimum of 10 years. 

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 document for more information.

You will receive an annual statement if the value of the Child Trust Fund is £300.00 or more and additional subscriptions have been made during the statement period.

If the value of the Child Trust Fund is less than £300.00 or you haven’t made any subscriptions during the statement period, you will only receive a statement in the year following the child’s 4th, 10th and 15th birthday.  A statement is available on request at any time.

To inform us of a change of address you must provide us with the following information:

  • name of child

  • name of registered contact

  • account number

  • previous address details

  • new address details

To inform us in writing please send the above details to:

Child Trust Fund Department
Engage Mutual
Hornbeam Park Avenue
Harrogate
HG2 8XE

Alternatively, please call our UK based customer service team FREE on 0800 169 4321

Useful documents

To get full details on our child trust fund account, please download the documents below.

Contributing to a Child Trust Fund

Anyone can pay into a child's CTF account and its a great way for friends and family to invest in your child's future.

Anyone can pay into a child trust fund by the following payment options:      

You can set up or amend a Direct Debit online, by phone or in writing:

  • online - set up a new Direct Debit or amend an existing Direct Debit using our secure online payment options

  • phone - call us free on 0800 028 6241        

  • post - simply download and complete the CTF Gift Form and then post it to us at:

Child Trust Fund Department
Engage Mutual
FREEPOST NEA 4568
Harrogate
HG2 7BR

Please note:
  • if you change your bank account it is important to let us know as soon as you can to ensure your payments are kept up to date

  • Direct Debits can be set up to collect on either the 1st or 15th of the month for a minimum of £5 and we require a minimum of 10 working days to set up a new Direct Debit

  • the total amount that can be paid into a CTF account within any subscription year is £4,000- this is a limit per CTF and not a limit per contributor

  • payments are a gift to the child and cannot be returned to the payer.

You can make one-off payments or set up a standing order from any bank or building society using our bank details below:

Sort code: 20-37-13

Account number: 80017310

Reference: your child's CTF account number (i.e. 01234567)

Please note:
  • standing orders can be set up for payment on any day of the month

  • the total amount that can be paid into a CTF account within any subscription year is £4,000 - this is a limit per CTF and not a limit per contributor

  • payments are a gift to the child and can't be returned to the payer

  • the minimum payment we can accept is £5.00 - amounts less than this will be returned to the payer.

You can make a one-off payment by debit card using our online secure payment option or over the phone:

  • make a debit card payment online

  • call us free on 0800 028 6241        

Please note:
  • the total amount that can be paid into a CTF account within any subscription year is £4,000 - this is a limit per CTF and not a limit per contributor

  • payments are a gift to the child and can't be returned to the payer.

You can make a one off payment to a CTF account with a cheque:

  • cheques should be made payable to ‘Engage Mutual Assurance’

  • please write the child's name, date of birth and CTF account number on the reverse and send it to:

Child Trust Fund Department
Engage Mutual
FREEPOST NEA 4568
Harrogate

HG2 7BR

Please note:
  • the total amount that can be paid into a CTF account within any subscription year is £4,000 - this is a limit per CTF and not a limit per contributor

  • payments are a gift to the child and can't be returned to the payer.

We accept KidStart cashback payments to a CTF account.

When you register with KidStart, you can collect up to 15% back on all your purchases every time you shop at over 500 family friendly retailers such as John Lewis, eBay, Mothercare and Waitrose.

To find our more and register for free visit KidStart.co.uk.

Please note:
  • when linking your child's account please use their CTF account number (i.e. 01234567) as reference.

Anyone can pay into a child's CTF account and its a great way for friends and family to invest in your child's future.

There are lots of ways to make additional contributions - the easiest way is to download and give them a CTF Gift Form to fill in.

Completed gift forms can be returned to us at:

Child Trust Fund Department
Engage Mutual
FREEPOST NEA 4568
Harrogate
HG2 7BR

Please note:
  • the total amount that can be paid into a CTF account within any subscription year is £4,000 - this is a limit per CTF and not a limit per contributor

  • payments are a gift to the child and can't be returned to the payer.

Please note:
  • a subscription year runs from the child's birthday and ends on the day before their next birthday

  • the total amount that can be paid into a CTF account within any subscription year is £4,000 - This is a limit per CTF and not a limit per contributor

  • payments are a gift to the child and cannot be returned to the payer.

My child has a Revenue Allocated Account with Engage Mutual – what do I need to do?

If you are the parent or legal guardian of a child whose child trust fund has been allocated to Engage Mutual then you can apply to become the registered contact. Becoming the registered contact ensures that we have the correct details on file for sending statements and it enables you to manage the account on your child’s behalf up until they are 16.

Before applying please ensure you have read the Key FeaturesKey Investor Information and the Terms and Conditions

Next, fill out the registered contact form online or download it here. Alternatively you can contact us to request a form which will be sent to you in the post.

As your child’s account has been allocated to Engage Mutual you may like to know more about the benefits we can offer. Read about our Child Trust Fund in the 'At a glance' section.

Need more information?

Call us

You can speak to us directly any time from Mon-Fri 8am-8pm, or 9am-4pm Sat.

Contact Us

0800 169 4321

Transfer in

If you wish to transfer in, ensure you have read, printed and/or saved the

Then download and complete a Transfer Form below. You can fin our address on the 'Transfer in' tab.

Request a Pack

Another benefit for you...

If you are a customer you can also apply to receive funding from the Engage Foundation.

We've put aside £1m over 5 years exclusively for our customers to help make things better. So whether you want to give your family a helping hand or support a larger community project, we're here to help.

find out more ►

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