CTFs

key points

&149; The account investments shall be in the beneficial ownership of the named child. &149; No c...

&149; The account investments shall be in the beneficial ownership of the named child. &149; No charges are to be applied on transfers between the different types of accounts on offer and only costs incurred by providers in effecting transfers, such as share dealing costs, will be allowed. &149; The account will be free from income tax and capital gains liability. &149; Any person, including the child, may make subscriptions to a child's account, although annual subscriptions are limited to £1,200 a year. &149; The Government is still working with the FSA on the development of a re...