Three ways to open a Child Trust Fund

Risk warning

Don't forget, investments, their value and the income they provide can go down as well as up and you might not get back what you originally invested.

Any tax advantages will depend on your individual circumstances and the way in which tax benefits are applied and the level of allowances can change.

Once you've paid money into a Child Trust Fund it is locked-in until the child is 18 and can't be withdrawn except as permitted by the CTF regulations, nor can it be repaid to the donor.