Балаларға арналған банктік шоттар және үнемдеу қорлары

Bank account for children
A child trust fund (CTF) is a long term savings or investment account for children in the United Kingdom. New accounts can no longer be created as of 2011, but existing accounts can receive new money: the accounts were replaced by Junior ISAs. The UK Government introduced the Child Trust Fund with the aim of ensuring that every child has savings by their eighteenth birthday, helping children get into the habit of saving; whilst teaching them the benefits of saving and helping them understand personal finance. The Child Trust Fund scheme was promised in the Labour Party's 2001 general election manifesto and launched in January 2005, with children born on or after 1 September 2002 eligible. Eligible children received an initial subscription from the government in the form of a voucher for at least £250. In 2010/11, the Child Trust Fund policy was expected to cost around £520m, less than 0.5% of the £84bn UK education budget. Creation of new funds and government payments into them were scrapped in January 2011 by the Savings Accounts and Health in Pregnancy Grant Act 2010.

Child trust funds were opposed by the Liberal Democrats at the 2005 general election, and the Liberal Democrats remain opposed. Their policy has been criticised by Stuart White, who notes various historical examples of CTF like policies proposed by Liberals in the past, and argues that the Child Trust Fund policy "gives direct expression to a deep, historic Liberal (and SDP) commitment to the ideal of ‘ownership for all’." In April 2010, Julian Le Grand argued strongly against Conservative Party plans to means test the funds (limiting them to households on below £16,000 per year income He added that if funding had to be cut from the scheme, it would be better to reduce the government's top ups, and keep the scheme universal. and has been increasing gradually each year since then, in line with increases in Junior ISAs. Any gains or dividends will be tax free (except for the 10% tax on UK share dividends). Stakeholder accounts cannot set the minimum contribution above £10, but the provider can set a lower minimum.

Most advisers recommend equity based CTFs, and the fact accounts allocated by HM Revenue and Customs are put into stakeholder products indicates that the government also believes equities are the best option over such a long period. Stakeholder accounts invest in shares, with a set of rules ("stakeholder standards") to reduce financial risk. These include provision for money in the account being gradually moved to lower risk investments or assets when the child reaches age 13. This is to help to produce a stable return in the run up to the child's 18th birthday. The charge on a stakeholder account is limited to no more than 1.5 per cent a year, whereas charges on all other types of CTF account are not limited in this way. Savings account. These operate in a similar way to a bank deposit account; there is a rate of interest and the nominal value of the funds is secure. Non stakeholder account. Invests funds according to the type of product. These accounts are not protected by the "stakeholder standards". CTF funds can be transferred between providers. Rules for transfers are similar to those for Individual Savings Accounts – customers should inform the new provider they wish to use and they will undertake the move. No penalty or fee can be imposed for transferring the account, except for the cost of selling shares (such as dealing charges) in equity accounts.

On 24 May 2010, the Chancellor of the Exchequer George Osborne MP and Chief Secretary to the Treasury David Laws MP announced that the £250 top up payments into the child trust fund would cease in August 2010, with no payments for newborns from the end of 2010. The Savings Accounts and Health in Pregnancy Grant Act 2010 facilitates the abolition of the fund.