Bonus Builder Child Trust Fund
The Bonus Builder Child Trust Fund has been specifically designed for parents who want to achieve a headstart for their child by saving regularly. It is not a Stakeholder Child Trust Fund.
All money paid into the Child Trust Fund will be locked in. This means your child will not be able to access their fund until they are age 18. When they are 18, no one other than the child will have access.
Our charges are designed for regular savers. If you, a friend or relative are making regular gifts and circumstances change, this may force the gifts to reduce or stop and the effect of our charges would be greater than if regular gifts continued.
If you are not thinking of making regular savings into your chosen Child Trust Fund you should also consider other products such as our Stakeholder Child Trust Fund.
Bonus Builder Child Trust Fund at a glance
- Aims to achieve strong growth over the long term
- Invested in our With Profits Fund which invests in shares, property and fixed interest securities
- Fund managed daily by our professional investment management team
- Grows free of income and capital gains tax but no reclaim can be made on dividend payments received within the fund
- Is a stockmarket related investment so your child cannot be certain to make a profit. The growth achieved on the investment will depend on how much profit we make and how we decide to distribute it.
- Safety net - when your child reaches 18, they will get back at least the total amount of money invested into the Child Trust Fund (less any charges taken).
If the Government changes the tax treatment of Child Trust Funds this may reduce the potential growth from the investment.
Tax treatment depends on your child's personal circumstances. Please refer to the Key Features for details of how contributions and benefits from your child's policy will be taxed. Any references to taxation are based on our understanding of current legislation and HM Revenue & Customs practice, which is subject to change.
