Forces Financial Child Trust Fund

Child Trust Fund

What does the Child Trust Fund offer?

Children born between 1st September 2002 and 2nd January 2011 could get at least £50 to start their Child Trust Fund (CTF) account.

Invest your child's free voucher.

 

You then invest the voucher in a Child Trust Fund account on behalf of your child with one of a number of carefully-chosen financial organisations - Scottish Friendly is one of these. The CTF then matures when the child becomes 18 providing them with a lump sum just when they need it most.

 

It works like this:

  • The Government automatically sends a Child Trust Fund voucher to a new child (born between 1st September 2002 and 2nd January 2011 and receiving Child Benefit)
  • You choose where to invest the money on behalf of your child
  • You and your family and friends can also add money to the Child Trust Fund - either as a regular amount each month, or in one-off payments - to a maximum of £1,200 per year (once added this money cannot be withdrawn)
  • At age 18, your child will receive a lump sum to use however they choose - completely free of tax - no capital gains or income tax under current legislation.

Babies born on 3rd January 2011 or later, or before 1 September 2002, do not qualify for a CTF account and won't receive CTF payments.

 

 

Apply now

Taking out an investment plan with us is straightforward

Thank you for choosing to apply. All you have to do is follow five simple steps:

  1. Before you apply, please ensure that you have read and understood the information provided on the Child Trust Fund.
  2. Then download and carefully read the Simplified Prospectus.
  3. Download the Child Trust Fund application form.
  4. Print your completed application form, then sign and date it correctly.
  5. Finally, post your completed application form to
    Scottish Friendly Assurance, Freepost, Glasgow, G2 4BR.

Download Application Form

Before you continue, you should ensure you have read and understood the Key Features document. This is our standard client agreement upon which we intend to rely. For your own benefit and protection you should read these terms carefully. If you do not understand any point please ask for further information.

Call us on 0333 323 5433 if you have any further questions about this plan or how to apply for the Child Trust Fund.

Lines are open 8.30am-5.30pm, Monday to Friday.

Scottish Friendly may record and monitor calls.