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Key features of the Shepherds Friendly
Child Trust Fund
Your clients can no longer take out a Child Trust Fund for their child as they became defunct in January 2011. Only children who were born between 1st September 2002 and 2nd January 2011 are eligible for a CTF.
The alternative to a CTF is our Junior ISA. This is a tax-efficient savings plan for children that can be opened for any child who lives in the UK and is not eligible for a CTF. To find out more about our Junior ISA please click here.
If your client’s child has a CTF with us they can set up a Direct Debit to make regular monthly payments or choose to contribute a single sum whenever they wish.
If your client already has a regular payment into their child’s account set up, then they can increase, decrease, stop or start this when you like.
We invest in a responsible and sensible manner in a unit-linked fund that invests primarily in stocks and shares. The reason we choose to invest the money this way is to try to achieve greater returns on the child’s investment over the long-term.
When their child reaches age 18 their CTF will ‘mature’. This means the money they have invested, plus any growth, will be made available to them tax-free. They can then use this to pay for a first car, a deposit on a home or to help with the next step in their career or education.
Your clients can transfer their CTF to us from another provider by using the transfer form which is available directly from us.
It is now possible to transfer their CTF to a Shepherds Friendly Junior ISA. Please contact the business development team for more information on how to do this.
Our Child Trust Fund (CTF) is a tax-efficient children’s savings plan that is invested primarily in stocks and shares with the aim of achieving greater growth over the long-term than would be available in a cash-based account.
Available to parents of children born between 1st September 2002 and 2nd January 2011, the child’s money is invested over the long-term and will be made available to them when they reach age 18 to help with paying for a first car or home, or to help them with higher education or starting a career.
For more information on the Child Trust Fund, or to transfer your client’s Shepherds Friendly CTF to our Junior ISA, call 0161 495 6495 to speak to our Business Development team.
IMPORTANT THINGS TO CONSIDER