If your investments fall in value, you could lose money. Tax allowances and the benefits of tax-efficient accounts could change.
Child Trust Funds have been superseded by Junior ISAs, however there are plenty of reasons to transfer existing ones to us.
We won’t charge you to transfer a Child Trust Fund to us.
Choose and manage your child’s investments or grab a ready-made package.
The annual Child Trust Fund limit is set by the government.
No Capital Gains Tax or further Income Tax to pay on profits.
Money cannot be withdrawn before your child reaches 18.
Simply complete and return a transfer form.
We offer two types of Child Trust Fund:
A non-stakeholder Child Trust Fund where you’re in control of choosing, buying and selling your child’s investments.
A hassle-free investment package where experts handpick and manage your child’s investments for you. All money paid in will be invested in the Aberdeen UK All Share Tracker fund, which buys shares across a range of different UK companies to track the performance of the FTSE All-Share Index.
Child Investment Account
CTF Stakeholder Account
|Annual admin fee||0.5% + VAT (min £10)||1.25% + VAT|
|Purchase commission||£7.50 per deal for trades less than £750, 1% for £750 and above||-|
|Sale commission||£7.50 per deal for trades less than £750, 1% for £750 and above||£7.50 per deal for trades less than £750, 1% for £750 and above|
|Stamp Duty Levy||0.5% on the purchase of UK shares (excluding AIM and other recognised growth markets). Other rates may apply to non-UK shares.|
|PTM Levy||£1 on transactions over £10,000|
|Foreign Financial Transaction Tax||Tax Payable on the purchase of specific European shares (charge varies by country)|
|Frequent dealing option (£7.50 per deal)||£24 per quarter (Frequent dealing commission for phone/post/email from 23 July 2018 will be £20 per deal)|
|Regular investing||0.5% (min. £1, Child Investment Account only)|
|Dividend reinvestment||0.5% (Child Investment Account only)|
|Bounced cheque or unpaid Direct Debit||£25|
|Deceased customer account administration||£50 (increasing to £100 from 23 July 2018)|
The annual account admin fee is charged quarterly, based on the account value on or around 5 January, April, July and October. The account admin fee for the Stakeholder Account includes the Fund Manager’s admin fee and Annual Management Charge.
Gross interest on any cash you hold will be credited to your account quarterly at the Bank of Scotland base rate, minus 3.5% (min. 0%). We may retain the difference between the interest paid to you and the interest we are able to earn, as permitted by The Financial Conduct Authority.
As one of the UK’s leading stockbrokers, we are authorised and regulated by the Financial Conduct Authority (FCA).
Our comprehensive range of investment tips and tools make it easy to choose and manage your investments.
We’re proud to be regularly recognised by industry awards for our outstanding customer service.