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Last updated: November 2017Child Trust Funds and Junior ISA's A Child Trust Fund (CTF) is a long term tax-free savings account for children. You can't apply for a new Child Trust Fund because the
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Child trust funds are tax-advantaged savings accounts for children in the UK.
Parents or legal guardians are required to open and manage child trust funds.
Child trust funds can be filled out by opening an account with a financial institution and making contributions regularly.
The purpose of child trust funds is to encourage savings for a child's future, with the funds being accessible when they turn 18.
Information such as contributions made, account balance, and investment growth must be reported on child trust funds.
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