Child Trust Fund
Adding money to the account
Anyone can pay money into a Child Trust Fund account.
The Child Trust Fund scheme closed in 2011. You can apply for a Junior ISA instead.
How much you can add
You can put up to £9,000 a year into the account - the year starts on the child’s birthday and ends the day before their next birthday.
If you do not use the £9,000 limit, you cannot carry any unused amount over to the following year.
How to pay money in
For stakeholder accounts you can add money by:
- cheque
- standing order
- direct debit
For savings or share accounts, check with your provider.
Government payments
Payments made by the government do not count towards the £9,000, apart from payments made by a local council to a child in care.