Pilling & Co Child Trust Funds (CTFs)

A CTF is a savings and investment account for children born on or after the 1^st September 2002. 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.

The government will send the person with parental responsibility a voucher which should then be sent to ourselves together with a completed application form. The government contribute in the first year and may contribute further when the child reaches 7 years old.

Family, friends, local authorities and charities can contribute up to £1200 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 £1200 can be contributed and so on in subsequent years between the child’s birthdays.

Key features include:

• Choice of non-stakeholder or stakeholder CTF

• Discretionary management of stakeholder CTF

• Option of discretionary /investment managed non-stakeholder CTF

• Low administration fees

• Minimum commission only £10 on non-stakeholder CTF

• Annual statements and valuations

• Free transfers from other managers

• Option of investing up to £1200 per year

The annual cost for the non-stakeholder CTF is only £13.50 per security (two processed dividends of £6.75).  Our dealing commission per deal is 1.65% of the first £10,000 value and 0.5% thereafter on any excess, with a minimum of only £10. There is usually no commission charged when buying unit trusts or OEICs.
 
The annual cost for the stakeholder CTF is a maximum of 1.5% of the value per annum. This is charged within the fund the CTF is invested in and will not show on your Pilling  statement. No commission is charged on the purchase in the stakeholder CTF as we are paid commission by the fund managers. There is no commission charged when sales are made to switch funds under the discretionary agreement.

Pilling & Co has recognised that many of you  will also have children who do not qualify for a CTF but wish to save for them in a similar way. To remedy this we have created a "Shadow Stakeholder CTF". This allows you to invest the same amount (or more) for your other children. It will be invested in the same fund as the Stakeholder CTF at the same terms as the CTF.

Your CTF Questions Answered »
CTF Charges at a Glance »
Open a Pilling CTF »

HM Revenue & Customs Allocated CTF »
Shadow Stakeholder CTF »
Stakeholder Discretionary CTF »

CTF Application Forms and Brochures »

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