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CTF is a savings and investment account for children born on or after the
1st September 2002 and on or before the 31st December 2010.
Pilling & Co offer both types of CTF, the non-stakeholder CTF allows the registered person to make the investment decisions for the funds in the CTF whilst the Stakeholder CTF is run on a discretionary management basis by Pilling & Co.
Key features are: -
Choice of
Non-Stakeholder or Stakeholder CTF
-
Discretionary
Management of Stakeholder CTF
-
Discretionary or
Investment Managed of Non-Stakeholder CTF
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Low Administration
Fees
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Minimum Commission
only £10 on Non-Stakeholder CTF
-
Free Transfers from
other managers
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Invest up to £3720
per year
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Family,
friends, local authorities and charities can contribute up to £3720
each year to the fund. The first subscription year starts on the day the CTF
is opened and ends the day before the child’s next birthday. Immediately
after the child’s birthday another £3720 can be contributed and so on in
subsequent years between the child’s birthdays.
Note: Rules have changed regarding CTF
valuation and statement frequency.
A
valuation and statement is now
sent the 31st December each year if your child is age 4, 10 or 15 or
subscriptions were made to the CTF during that year. The registered contact
can request a statement if non of the above applies.
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