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Child Trust Fund


Home > Child Trust Fund

Leeds Building Society
Child Trust Fund

From April 2005, a new Government initiative was introduced to help parents educate children about the benefit of saving. If your child was born on or after 1st September 2002 then you should have received a Child Trust Fund voucher from the Government for at least £250 per eligible child. The voucher will enable a Child Trust Fund account to be opened in the child's name, with the money available to them when they turn 18.

Two great ways to invest your child’s voucher with Leeds Building Society.

Once you have received your child’s voucher, you’ll need to use it to open a Child Trust Fund savings account, as soon as possible.

You have two Leeds Building Society CTF accounts to choose from, a Non-stakeholder account (Bonus Saver) and a Stakeholder account (Baby Bond®). More information on our CTF accounts can be found by clicking the links below.

Non-stakeholder Leeds Building Society CTF Bonus Saver Account

What is it?
• A long-term cash savings account with a variable rate of interest.
• The account will pay a rate of interest that is not less than 1% below Bank of England base rate.
• There is no risk to the capital invested and the balance will grow with the addition of interest at the current rate payable.

What are the risks?
• Whilst there is no risk to the capital invested the growth may not be as high as a stockmarket based investment.
• The tax advantages of the CTF may change or be withdrawn.

More details...

 Child Trust Fund Bonus Saver
Stakeholder Leeds Building Society CTF Baby Bond®

What is it?
• Offered through our partnership with Children's Mutual, the Baby Bond® is a long-term stock market-based investment that invests in leading UK listed companies.
• Aims to provide steady long-term growth by tracking the FTSE All-Share index.

What are the risks?
• The value of the investment held is not guaranteed and can go up and down.
• When your child reaches 18 years old, they may receive less than was originally paid in.
• The tax advantages of the CTF may change or be withdrawn.

More details...

 Child Trust Fund Baby Bond

Where can I get more information on the Child Trust Fund?

A good place to start is reading our Frequently Asked Questions guide. You can find it by clicking here.

We also recommend contacting the Inland Revenue either by logging on to www.childtrustfund.gov.uk or phoning the helpline on 0845 302 1470 (8am-8pm).

Alternatively please feel free to contact your local Leeds Building Society Branch or phone 0113 225 7777 for further assistance.

Important notes

Investments in this account will represent shares in the Society and are subject to the Rules of the Society. Member of the Building Societies’ Association. Leeds Building Society is a participant in the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. Payments under the Scheme are limited to a maximum payment of £35,000, that is 100% of the first £35,000 of an investor’s total shares and/or deposits in a society. Most investors are covered, including individuals and small firms. A small number of categories of shares and deposits are not covered, for example deferred shares – permanent interest bearing shares. Although most shares are denominated in sterling, all other currencies are covered. Further details are available on request from the Society. Leeds Building Society is authorised and regulated by the Financial Services Authority.

Leeds Building Society subscribe to the Banking Code, which establishes minimum standards of good banking practice and is a member of the Financial Ombudsman Service. Leeds Building Society offers some investment products that may be operated through branches and by post and certain products which can be operated by post only. A copy of the Code and further details of our investment products are available on request from your local branch or our Customer Helpline on 0113 225 7777. Leeds Building Society is authorised and regulated by the Financial Services Authority. The Society's FSA registration number is 164992. Other taxes or costs may exist that are not paid by Leeds Building Society.