The Child Trust Fund was a savings and investment account that you could open for your child with money that the Government gives you. They have now been replaced by Junior ISAs.

You can no longer apply for a new Child Trust Fund because the scheme is now closed.

However you can apply for a Junior ISA instead.

More information on Junior ISAs is available at:

Existing accounts set up for a child prior to the closure of the scheme will continue to attract tax-free investment growth.

The child, friends and family will also be able to continue to invest up to £9,000 a year into the accounts on behalf of the child. However, no withdrawals are possible until the child is 18.

For full details of the Child Trust Fund scheme go to this link.

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