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Child Trust Fund Maturity Options Form2020/2021Act Now Once you have read the Product Guide and the Key Information Document(s) please complete the application form by choosing the option you require,
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01
Gather all the necessary documents such as the child's birth certificate and proof of address.
02
Decide on the type of child trust fund you want to set up, whether it is a stocks and shares child trust fund or a cash child trust fund.
03
Research different financial institutions and compare their child trust fund offerings.
04
Choose the institution and fund that best suits your preferences and financial goals.
05
Open an account with the chosen financial institution and provide them with the required documents.
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Fill out the application form accurately and provide all necessary information.
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Decide on the amount you want to contribute to the child trust fund and set up either a regular contribution plan or a one-time lump sum payment.
08
Review the terms and conditions of the child trust fund before finalizing the application.
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Submit the completed application form along with any required fees.
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Keep a copy of the application form and any acknowledgement receipt provided by the financial institution for future reference.

Who needs child trust funds are?

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Child trust funds are suitable for parents or legal guardians who want to save and invest money for their child's future.
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It is also beneficial for grandparents or family members who want to contribute towards the child's financial security.
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Anyone who wants to take advantage of tax-free savings and investment growth for the child can benefit from child trust funds.
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Child trust funds are long-term tax-free savings accounts for children in the UK.
Parents or legal guardians are required to open and manage child trust funds for their children.
Child trust funds can be filled out by opening an account with a financial institution and making regular contributions.
The purpose of child trust funds is to provide a nest egg for children to use when they reach 18 years old.
Information such as contributions, withdrawals, and account balance must be reported on child trust funds.
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