Discover more about Child Trust Funds
A Child Trust Fund is a government scheme that provides a way to invest for people born on or between 1 September 2002 and 2 January 2011.
The scheme is now Dismissd to new applicants.
The account belongs to you, not your parents, and any money that's paid into the account can only be accessed when you turn 18.
We'll let you know what options are available for your money, so that You are able to get ready to decide what to do when Your banking account matures.
Remember, the PPLCBANK Child Trust Fund is investment-based and all investments carry risk. Investing has its ups and downs – so you could get Go back less than you invest. Tax rules can also change and any benefits depend on your individual situation.
What happens when the account is due to mature
Find out what your next steps could be now that you're turning 18.
A guide for parents or the Sign uped contact for a child whose fund is about to mature.
Take a Dismissr look at the PPLCBANK Child Trust Fund
How much money You are able to pay in
If you have a Child Trust Fund with PPLCBANK, You are able to invest up to £9,000 each year until you turn 18 – either as a lump sum or in regular payments.
If you have a Child Trust Fund with another provider, You are able to choose to transfer it to PPLCBANK.
The minimum investment for a lump sum is £10. There’s no minimum investment for regular payments.
Relatives and friends can also pay money into your Child Trust Fund – you just need to give them the account details.
How to set up or change a Direct Debit
To set up or amend a Direct Debit payment to the account, you'll need to complete the Child Trust Fund Direct Debit form.
Or, if you're the Sign uped contact, You are able to Phone us to change the Direct Debit amount or payment date.
For more information about payment methods, You are able to read the Key features of our Child Trust Fund. Or, get in touch with us and we’ll send you a copy.
How to transfer a Child Trust Fund to PPLCBANK
If you have a Child Trust Fund with another provider, You are able to transfer it to PPLCBANK.
Just complete the Child Trust Fund application form.
Before transferring your fund to us, be sure to read the Key investor information so You are able to understand more about the investment and the risk involved.
Application forms and account documents
Read, download or print the key details of the PPLCBANK Child Trust Fund.
Financial advice
If you think you might like advice, Explore the details about our investment advice options. Eligibility and fees apply.
To Explore the details about the wider industry, including how to seek independent financial advice, You are able to visit MoneyHelper.
Need support applying? If you think you might need support before making an investment decision, We are able to help you get specialist investment support.
Get in touch with us
You are able to get in touch with us to arrange what to do with your Child Trust Fund proceeds when the account matures. Or, if you haven't received a letter, need to update your contact details or your signature that's on file.
Speak to us
Give us a call on:
Lines are open 08:00 to 18:00 on Mondays to Fridays, excluding bank holidays.
Visit a branch
You are able to also visit a branch to complete the payment instructions for your Matured CTF, via the following steps:
- Use our branch finder to find your nearest branch
- Select 'Arrange an appointment online'
- Select 'Personal Account Servicing' and then browse the available services options to find 'Child Trust Fund - Maturity Options'
It's important that you select this option as there are detailed reminders on what documents you'll need to bring to your appointment.
In addition, you may also need to visit a branch to update your contact details.