 A CTF is a savings and investment account for children born on or after the 1st September 2002
and on or before the 31st December 2010. There are two types of CTF, a non-Stakeholder CTF and a Stakeholder CTF.
Pilling & Co offer both types of CTF, the non-stakeholder CTF allows the registered person to make the investment decisions for the funds in the CTF whilst the Stakeholder CTF is run on a discretionary management basis by Pilling & Co. Key features are: Choice of non-stakeholder or stakeholder CTF Discretionary management of stakeholder CTF
Discretionary / investment managed
of non-stakeholder CTF Low administration fees Minimum commission only £10 on non-stakeholder CTF
Statements and valuations Free transfers from other managers
Invest
up to £3600 per year
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Family,
friends, local authorities and charities can contribute up to
£3600 each year to the fund. The
first subscription year starts on the day
the CTF is opened and ends the
day before the child’s next birthday.
Immediately after the child’s
birthday another £3600 can be contributed and
so on in subsequent years
between the child’s birthdays.
Note:
Rules have changed regarding CTF valuation and statement frequency.
A
valuation and statement is now
sent the 31st December each year if your child is age 4, 10 or 15 or
subscriptions were made to the CTF during that year. The registered contact
can request a statement if non of the above applies.
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