Child Trust Funds’ coming of age

Child Trust Funds’ coming of age

Matthew Barrand Savings, Trusts

Child Trust Funds (CTFs) are long-term tax-free savings accounts that were set up by the government for every child born between 1 September 2002 and 2 January 2011. Over 6 million CTFs were opened, with the first of these maturing in September 2020. Every year between now and January 2029, the government estimate that 800,000 18-year-olds will receive access to …

Maturing Child Trust Funds will retain tax-free status

Matthew Barrand Investment, Trusts

From April 2020, maturing Child Trust Fund (CTF) accounts will retain tax-free status. Although the rules apply from 6 April 2020, the first Child Trust Fund (CTF) accounts won’t mature until September 2020. In summary, the CTF provider will be able, upon instruction from the account holder, to transfer the investments at maturity to a tax-advantaged ‘matured account.’ The ‘matured …

Trusts

Trusts not just the preserve of the rich & famous

Matthew Barrand Trusts

Today, you don’t have to be incredibly rich for your family to benefit from the creation of a trust. They can offer long-term asset protection and have a variety of uses as part of financial planning strategies. A family trust can help protect your family’s assets for the benefit of future generations and may be used to protect the family …