Adding to your child's CTF
The importance of adding to your child's CTF
To build a brighter future for your child, you really should consider adding a little extra to your child's account on a regular basis. Just a small additional amount each month or year could make a really big difference.
The payments from the Government get your child's savings started but would only provide around £1,000+ after 18 years – not enough for them to pay for some of the things they may really want to do, such as go to university or buy a reliable first car.
The good news is that anyone can pay into your child's CTF account. So you can tuck away birthday and Christmas money into the account, or grandparents can put money away directly as often as they like. Just remember that every year there is a limit of £1,200 and that any money paid into the account belongs to the child, who will only be able to access it when they are aged 18.
+ The figure shown allows for a £250 Government payment at outset and then again at age 7. It is for illustrative purposes only and assumes that the investments grow at 6.75% per annum and include annual charges of 1.5%.
Topping up your child's CTF online
When applying for the Bounty CTF whether online or via the telephone, you can set up a direct debit to top up your child's account from the start.
If you have already opened a Bounty CTF account for your child you, your family and friends can top up their account by either:
- Adding a direct debit or making a one off payment to the child's account. All you need is the child's CTF account number and date of birth. To add a payment now click here.
- Sending a cheque with the child's name, date of birth and CTF account number written on the reverse to the address below. Please make your cheque payable to Family Equity Plan Limited. We can also accept cheques that are made out to your child, as long as all the information detailed above is included on the cheque reverse.
Family Investment
FREEPOST BR2206
Brighton
BN1 2BR
If you would like information on other ways to pay, such as bank transfer or standing order, please call us on 0800 590 084*.
This CTF is provided by Family Investments. Neither Family Investments or Skipton Building Society is able to give you financial advice on the suitability of this product. If you have any doubts you should seek independent financial advice.
A Key Features document for this CTF account, which includes the Simplified Prospectus details, will be sent to each applicant. This document, and a Full Prospectus, are also available on request by writing to Family Investments Customer Service Team at their registered office address below.
For more details on this Government scheme, please visit www.childtrustfund.gov.uk.
Bounty Money is a trading name of Bounty (UK) Limited registered in England and Wales under registration number 631367. Registered office: Bounty House, Vinces Road, Diss, Norfolk IP98 6BB, UK. Bounty Money is an Introducer Appointed Representative of Skipton Building Society (SBS). SBS is authorised and regulated by the Financial Services Authority (FSA) under registration number 153706. Principal Office: The Bailey, Skipton, North Yorkshire BD23 1DN.
Bounty Money and Skipton Building Society offer a stakeholder CTF through Family Investments, a trading name of Family Equity Plan Limited (Co. No 2208249). Family Equity Plan is authorised and regulated by the Financial Services Authority (FSA) under register number 122351. Registered Office: 16-17 West Street, Brighton, East Sussex BN1 2RL.
*To help maintain service and quality, some telephone calls may be recorded and monitored. Lines open 9am-7pm weekdays, 9am-12 noon Saturdays).
