engage Child Trust Fund

A maximum of £1,200 can be saved into a Child Trust Fund per year. A year runs from the child's birthday to the day before their next birthday.

No, a Child Trust Fund account belongs to your child and will not affect your right to benefits you already have.

No, the voucher must be invested in a Child Trust Fund account with a Child Trust Fund provider.

Your child can apply to become the registered contact when they turn 16. The money will only be available to them when they reach 18 years old.

No, the Child Trust Fund cannot be cashed in until the child reaches 18. The only exceptions are for death or terminal illness of the child.

If you do not open a Child Trust Fund account within a year of your child’s birthday HMRC will invest the Child Trust Fund voucher on your childs behalf with one of the approved Child Trust Fund providers who operate Revenue Allocated Accounts (RAA). These Revenue Allocated Accounts are allocated on a strict rotation basis and no preference is given.

If this should occur, you can transfer the account to a provider of your choice should you wish.

Of course you can and we actively encourage it! To make it easier you can save a number of ways with engage, by regular payments by Direct Debit or standing order. One off payments can be made by Debit card, direct credit, or by sending a cheque. Click here to find out more or call a member of our UK based customer service team on 0800 028 1050†. Lines are open 8am – 8pm Monday to Friday and 9am – 4pm Saturday.

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

The maximum that you can pay into a Child Trust Fund account is £1200 per subscription year in addition to the Government voucher. The minimum contribution into an engage Child Trust Fund account is £5.

The tax free cash lump sum will depend on the investment performance and cannot be guaranteed. The value can go down as well as up and the child may get back less than has been paid in.

Please note that there are strict Government guidelines on where the money can be invested so a Stakeholder Child Trust Fund is not as high a risk as if it were invested solely in the shares of one company. Stakeholder accounts must invest in the shares of a number of companies thus spreading the risk.

Please call us on 0800 028 1050†. Lines are open Monday to Friday 8am-8pm and Saturday 9am-4pm.

The money can be paid to the child or left to automatically roll over into an ISA in their name. There are no restrictions put in place as to how this money can be used, this will be up to the child.