| Child Trust Fund | How it works | Benefits | Apply | ||||||
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Make the most of your voucher If you have a child born on or after 1st September 2002, then you'll automatically receive a voucher from the government worth at least £250. These vouchers are being sent to all eligible families so they can open a Child Trust Fund account for their child. At age 7 your child will receive a further payment of £250 into their account (with an additional £250 if your family receives full Child Tax Credit.) Is your child eligible? If your child meets all of the following criteria, they are eligible for a Child Trust Fund:
When you open a Sainsbury's Bank Child Trust Fund from Family Investments, your child's money will be invested where it has good potential to grow. When they are 18 years old, they could use the money to help with further education, to buy a first car or even towards the deposit on a house. Whatever he or she chooses, your child will have learned the value of steady saving over the years. A thank you for choosing Sainsbury's Bank When you open a Sainsbury's Bank Child Trust Fund, there's a £20 Sainsbury's Gift Voucher to enjoy when you also take out Sainsbury's Bank life insurance (provided by Legal & General). This CTF account is provided by Family Investments. Family Investments only offers its own products and does not provide advice on their suitability. If you have any doubts you should seek financial advice (Financial Advisors may charge for their services). Family Investments is a trading name of Family Equity Plan Ltd (Co. No. 2208249) which is authorised and regulated by the Financial Services Authority. Registered in England at 16-17 West Street, Brighton BN1 2RL. |
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