Child Trust Fund (CTF)
Child Trust Fund (CTF) take-up is strong and making better futures for children.
The recent statistics released by HMRC revealing the take-up of the Child Trust Fund are extremely encouraging. They show that parents and guardians are investing the Child Trust Fund in their children’s future.
Over 75% of the first children to receive vouchers have had them invested. Furthermore, two-thirds of all parents to receive the vouchers have designated an investment, including those who have only recently received the voucher.
Recent research by PIMA analyzing data from leading providers has revealed that CTF accounts are getting topped up with monthly contributions and lump sums. This means that not only are parents and guardians serious about investing the vouchers from the Government, but also about giving their child extra funds for the future.
PIMA Director-General Tony Vine-Lott said,
[i]‘These figures from HMRC are very positive. By carefully designating investments, parents and guardians of CTF-holders are choosing to play an active role in their child’s future. But it’s also important to remember that, because of Revenue-allocated accounts, no child misses out. PIMA and its members will continue to be active supporters of the CTF to build on this successful start.’[/i]
For more information:
Iain Anderson, Cicero Consulting Jacob Coy, Cicero Consulting
020 7665 9532 020 7665 9535
077 8550 7045 079 0636 1970