Maturing Child Trust funds to retain tax advantaged status
Maturing Child Trust Funds will keep their tax-advantaged status on maturity under draft regulations that have been published for consultation. A Child Trust Fund (CTF) is a tax-advantaged savings account which provides children born between 1 September 2002 and 2 January 2011 with an asset when they reach adulthood. CTFs begin maturing in September 2020 when the first children reach 18. Without
July 12, 2019