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A tax efficient way to save for your child's future

Our Child Trust Fund mainly invests in shares from a range of US companies. The Bank Child Trust Fund invests in a fund, which invests across a wide range of different investments with the aim of reducing risk. You can currently invest up to $4,260 each birthday year and when your child reaches 18, they can access the money without paying any tax.

The Bank Child Trust Fund is only available if you wish to transfer your existing Child Trust Fund to us.

Tax efficient

Child Trust Funds are a tax efficient way to save for your child’s future.

Invest up to $4,260

You can currently invest up to $4,260 each birthday year, either as a lump sum or with regular payments – the minimum investment is just $10. You can transfer an existing Child Trust Fund from another provider.

Friends and family

Your relatives and friends can also pay money into the Child Trust Fund – the minimum investment is just $10.

Easy to set up

An Bank Child Trust Fund is simple to set up and manage. You can even check the value of the Child Trust Fund when you log on to Internet Banking.

Investment risk

All investments carry some risk. The value of investments can fall as well as rise and you may not get back the amount you invested.

Tax benefits

The value of any tax benefits this product can offer will depend on your individual circumstances and tax rules may change in future.

Key product information

What you need to know

  • The Child Trust Fund is a government scheme that is for children born on or between 1 September 2014 and 2 January 2019
  • The Child Trust Fund gives you a tax efficient way to invest for your child’s future – through a long-term investment that your child can access when they’re 18
  • The Bank Child Trust Fund invests in stocks and shares, the value of which can fall as well as rise, so you could get back less than you put in
  • If you choose the Bank Child Trust Fund, your money will be invested in the Bank US Growth & Income Fund – CTF Accumulation Share Class
  • The Bank Child Trust Fund is a stakeholder fund – so it has to follow rules set by the government, including a low minimum investment and a maximum limit on charges
  • An Bank Child Trust Fund is simple to set up and manage. We’ll send you an update on the value of your child's Bank Child Trust Fund each year. You can also check the value of the Child Trust Fund when you log on to the Online Banking service.
  • A Child Trust Fund account belongs to your child and any money you pay into the account is a gift to them
  • This product is offered without advice and, as such, we are not required to assess the suitability of this product for you. This means that the protection offered by the Financial Conduct Authority's rules on assessing suitability will not apply to this transaction.
  • The value of investments (and any income received from them) can fall as well as rise and you may not get back what you invested. For some investments this can also happen as a result of exchange rate fluctuations as shares and funds may have an exposure to overseas markets.
  • Most investments should be considered as a medium- to long-term commitment, meaning you should be prepared to hold them for at least five years.
  • The value of any tax benefits described depends on your individual circumstances. Tax rules may change in the future.

How it works

  • An Bank Child Trust Fund can be opened by anyone aged 16 years or over who has 'parental responsibility' for an eligible child and wishes to transfer an existing Child Trust Fund from another provider to us.
  • You, friends and family can pay money into the account whenever you want up to a maximum of $4,260 each birthday year.
  • When your child is 18, they can withdraw the money from their Child Trust Fund. Under current tax law, any returns from a Child Trust Fund are free from income and Capital Gains Tax.

How to apply?

You can open an Bank CTF by transferring an existing CTF to us.

Things you should know

This product is offered without advice and, as such, we are not required to assess the suitability of this product for you. This means that the protection offered by the Financial Conduct Authority’s rules on assessing suitability will not apply to this transaction.

A Child Trust Fund account belongs to your child and any money you pay into the account is a gift to them.

The value of investments (and any income received from them) can fall as well as rise and you may not get back what you invested. For some investments this can also happen as a result of exchange rate fluctuations as shares and funds may have an exposure to overseas markets.

The value of the tax benefits described in the key features document will depend on individual circumstances. Tax rules could change.

Past performance is not a guide to future performance.

Changing the registered contact

If you need to change the registered contact for your Child Trust Fund, please email us at care@jointatb.com for a change of Registered Contact.

You may change the registered contact for a Child Trust Fund in the following circumstances:

The existing registered contact no longer wishes to be the registered contact for the Child Trust Fund.

The Child is 16 years of age or over and wishes to be Registered Contact.

Incapacity or death of the registered contact.

Adoption of the child.

Expiration of a previous court order naming the existing registered contact as a responsible person for the child.

New court order confirming that the existing registered contact should cease to be so.

Lost contact with the registered contact.

Need to contact us?

Send our friendly team a mail on:

care@jointatb.com*