Act now and use any unallocated CTF vouchers to open a plan for your child with Shepherds. Our CTF lets you look forward to a TAX-FREE lump sum for the child when they reach age 18.
As the parent or guardian of a newly born child, before the 2nd January 2011, you will have received a Child Trust Fund voucher to be invested in a CTF savings plan. While no more vouchers are being issued, if you are still holding an unallocated voucher you can invest this in a Shepherds stakeholder CTF and go on saving to build up a useful TAX-FREE lump sum for them when they reach the age of 18.
Just look at what the Shepherds CTF has to offer:
Simple to open
Just complete our CTF application form and return this to us with the Government's CTF voucher, either for £250 or £50, and we'll take care of the rest.
Save from just £10 a month up to £3600 a year
You can also build on the initial sum by investing from as little as £10 a month as regular savings. Grandparents, aunts, uncles and even family friends can also make contributions as well on a monthly basis or as one-off contributions at times such as birthdays or at Christmas - right up to the maximum total of £3600 in any one year
A TAX-FREE lump sum for your child when they reach age 18
At the maturity of the Plan your child will receive a lump sum which is completely TAX-FREE so they can enjoy the full benefits of your savings.
Important things to consider
- The value of the CTF depends on the future performance of the investments held in the Fund, and the value can go up as well as down during the time it is invested.
- At 18 the child may get back less than has been paid in.
- HMRC may change the tax status of a CTF in the future.
- This plan cannot be stopped or cashed in until the child is 18.
All references to taxation are to UK taxation and are based on Shepherds Friendly Society's understanding of current legislation and HM Revenue & Customs practice which may change in the future. Investment growth cannot be guaranteed throughout the term of the contract. Please ensure that your client reads the full Terms and Conditions of the plan which are available by contacting us directly.