PMAS Child Trust Fund
All children born since September 2002 will receive a £250 voucher
from the Government to open an account with a registered Child
Trust Fund provider.
Anyone – parents, grandparents, family friends – can put up to
£1,200 in total into the account every year. The money becomes
accessible, tax free*, when the child reaches 18. The
fund can be used for university fees, buying a car, setting up a
first home – or can be invested elsewhere.
How to apply
Before applying make sure you read the product
information, key features
page, and frequently asked questions.
You can:
You’ll need to have your Child Trust Fund voucher and – if you want
to set up a direct debit – your bank details with you. The
account won’t be set up until we receive your voucher.
Once the Child Trust Fund is set up, we'll send you an information
pack - including a certificate for your child's account - and
details of how to top up the account or make changes to
payments.
*
Tax legislation may change.