Stakeholder CTF charge cap set at 1.5% per year

child trust funds

government proposals should allow wider range of providers into ctf market

The Government has formalised the charge cap of stakeholder Child Trust Funds at 1.5% per annum. Details of the Child Trust Funds Act 2004, published last week by the Inland Revenue, are broadly in line with its February proposals. The main changes include the clarification of the charge cap for stakeholder products, relaxing providers' statement requirements, and allowing a wider range of providers to enter the CTF market. The Inland Revenue has as of yet provided no further guidance on proposed rollover vehicles for investors when they reach 18 years of age, although admittedly has p...