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CTFs
Child Trust Funds - are an excellent way to save for your child's future.
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ISA Allowance (28/05/08)
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The Government is giving every child born after 1 September a voucher for at least £250 to open a child trust fund and start their savings.
At Chelsea, we believe that this could be the ideal start for a long-term savings plan for your child's future, whether it be for their education, starting a home, or even buying their first car.
Therefore, we can offer you a Child Trust Fund Non-Stakeholder Baby Bond Choice account from the Children's Mutual. The Children's Mutual is the only organisation in the UK that exclusively deals in children's savings.
The Baby Bond Choice account is a non-stakeholder account offering investments from four different fund managers, namely Gartmore, Insight, Invesco Perpetual and UBS. Remember, the value of shares can go up or down, and you can get back less than you paid in. If you are interested in investing your child's voucher and any future payments in this option then please order a brochure and application form.
Funds Available
| Fund Name |
CFS Risk Rating (Out of 10) |
CFS Comment |
| Gartmore Cautious Managed |
3 |
This fund aims to provide a combination of income and long-term capital growth. Investment will be in a diversified portfolio of equities, bonds and other related investments. Central to the investment process is the flexibility to conservatively adjust the balance between bonds and equities to reflect changing market conditions. It has 125 holdings, of which 50% is in equities and 40% is in bonds. |
| Gartmore European Growth |
6.5 |
This fund aims to achieve capital growth through investment in continental European securities. The manager will invest in around 30-40 companies. It is currently overweight in Germany and Greece. |
| Gartmore US Growth |
7 |
This fund aims to achieve a long-term return greater than the return typically achieved from North American equity markets. The fund has 137 holdings and is overweight in the financial sector. |
| Insight Foundation Growth |
4 |
This fund aims to achieve long-term capital growth through investing in a representative sample of stocks intended to replicate the returns of the FTSE All Share Index. |
| Insight European Ethical |
6 |
This fund aims to achieve capital growth through investment in a range of UK and European stocks, which meet ethical criteria. Currently, 77% of the portfolio is based in the UK. |
| Insight Evergreen |
7 |
This fund aims to invest in companies across the globe, which meet ethical criteria. It currently has 40% invested in North America. |
| Invesco Perpetual Income |
4 |
This fund aims to achieve a reasonable level of income, together with capital growth. The investment process combines top-down and bottom-up analysis. It has 79 holdings, of which 29% is in utilities. |
| Invesco Perpetual World Growth |
6.5 |
This fund aims to achieve capital growth from a portfolio primarily of Invesco Perpetual funds. The fund manager aims primarily to deliver performance through the stock selection in the underlying funds, rather than through aggressive asset allocation. It has 12 holdings. |
| Invesco Perpetual UK Smaller Companies Equity |
7.5 |
This fund aims to achieve capital growth in the UK. The investment process is mainly bottom up. It has 141 holdings, of which 42% is in industrials.
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| UBS Managed |
6 |
This fund aims to achieve capital growth through investment in a mixed portfolio of global equities and bonds. It currently has 53% in UK equities, 11% in fixed interest, 10% in European equities and 10% in North American equities. |
| UBS UK Select |
5.5 |
This fund aims to achieve capital growth through a diversified portfolio of UK equities. It is currently overweight in financials and underweight in consumer goods. |
| UBS Medium Term Fixed Interest |
1 |
This fund aims to preserve capital with some capital growth in a portfolio of gilts and debt instruments. It will be predominantly made up of investment grade bonds, but may hold up to 10% in higher risk, non-investment grade bonds. |
Discounts
Unfortunately, we cannot offer discounts on the initial voucher, however we can offer a 2% discount on any lump sum investment of £250 or over and a 2% discount on any regular monthly savings plan. These discounts come in the form of extra shares and act to enhance your child's investment.
There is no personal tax to pay on any growth and the money your child receives when they reach 18 is also tax free as long as they are a UK resident. This is subject to any change in legislation, and dividend income tax credit is not reclaimable.
Order a brochure and application form.
| Other Forms |
| Transfer Form - If you have an existing Child Trust Fund and would like to transfer to The Children's Mutual. |
| Additional Payment - If you would like to make an additional payment to an already existing Children's Mutual CTF Account |
If you have any further questions please call or e-mail us and we will be happy to help.
Call us on: 020 7384 7300
Remember! All investments carry some risk. Before going any further, please read the Important Notice below.
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