Choice of non-stakeholder or stakeholder CTF; Discretionary management of stakeholder CTF; Option of discretionary /investment managed non-stakeholder CTF; Low administration fees; Minimum commission only £10 on non-stakeholder CTF; Annual statements and valuations; Free transfers from other managers; Interest on cash while you wait to invest; Option of investing up to £1200 per year.

The annual cost for the non-stakeholder CTF is only £13.50 per security (two processed dividends of £6.75).  Our dealing commission per deal is 1.65% of the first £10,000 value and 0.5% thereafter on any excess, with a minimum of only £10. There is usually no commission charged when buying unit trusts or OEICs.

The annual cost for the stakeholder CTF is a maximum of 1.5% of the value per annum. This is charged within the fund the CTF is invested in and will not show on your Pilling  statement. No commission is charged on the purchase in the stakeholder CTF as we are paid commission by the fund managers. There is no commission charged when sales are made to switch funds under the discretionary agreement.

Pilling & Co has recognised that many of you  will also have children who do not qualify for a CTF but wish to save for them in a similar way. To remedy this we have created a “Shadow Stakeholder CTF”. This allows you to invest the same amount (or more) for your other children. It will be invested in the same fund as the Stakeholder CTF at the same terms as the CTF. NRA0206