Child Trust Funds
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The Child Trust Fund, or CTF, is a long term savings and investment scheme for children. It was introduced by the Government for all children born on or after 1st September 2002.
You, along with your family and friends, can collectively subscribe up to £1,200 a year to the child's CTF - and the Government will kick-start the account with a voucher of at least £250, and make a further payment on the child's 7th birthday. All growth and proceeds from the Healthy Investment CTF will be free of income and capital gains tax. (Tax legislation may change in the future) Children can only access their money when they reach 18 when the CTF will mature and the fund will be available to give them a financial head start in life. Remember that the value of investments can go down as well as up and the child may get back less than the amount invested. The Government will send a voucher directly to the child's parents or guardians. This voucher must be invested in a Child Trust Fund with a registered provider. Healthy Investment is a registered provider. There are three types of CTF - a Stakeholder, Non-Stakeholder Shares and Non-Stakeholder Savings. A Stakeholder CTF is one that satisfies a number of conditions laid down by the Government concerning investment content, strategy and charges. The idea of this type of CTF is one that will appeal to those who are new to saving, and in particular, new to the idea of investing in stocks and shares. The Non-Stakeholder Shares CTF and Non-Stakeholder Savings CTF are any CTF that does not satisfy all of the conditions related to a Stakeholder CTF. We offer both a Stakeholder and Non-Stakeholder Shares CTF. We do not offer a Non-Stakeholder Savings CTF. HMRC Accounts allocated to Healthy Investment Stakeholder Child Trust Fund A stakeholder CTF account must meet a number of specific conditions set by the Government. These include: The charges should not be more than 1.5% of the value of the account per year. Investments should be predominantly stock market based. The investment fund should invest in the shares of a spread of companies. The provider should accept payments by cheque, direct debit, standing order and direct credit. Any payment over £10 must be accepted. Must offer Lifestyling (see below). Healthy Investment's Stakeholder Child Trust Fund meets these conditions. The money from the Government contribution, as well as that from any additional subscriptions donated by family and friends, initially will be wholly invested in units of the Healthy Investment UK All-Share Index Tracker Fund. To reduce the risk that a single priced under-performing share can have on your investment, the money in the Healthy Investment UK All-Share Index Tracker Fund is spread over a number of stocks and shares. Unless you tell us otherwise, from the child's 13th birthday Healthy Investment will automatically begin to reduce the amount invested in UK stocks and shares. The money will gradually be moved to lower risk investments such as fixed interest securities and cash. This is called "lifestyling" and means the value of the child's savings become more certain as they approach their 18th birthday. As well as our Stakeholder Child Trust Fund, Healthy Investment also provides ethical investment options. Ethical Child Trust Fund Our Ethical Child Trust is not a stakeholder account. Funds will initially be invested in a Healthy Investment life policy which invests in one or more of the Healthy Investment unit-linked life funds. The money from the Government contribution, as well as that from any additional subscriptions donated by family and friends, will be wholly invested in units of the Healthy Investment Ethical Fund. This is an actively managed unit-linked life fund that invests in a variable mix of bonds, gilts (loans to the Government and other companies) shares and property. This fund does not knowingly invest directly in Alcohol, Tobacco or Arms companies. We believe that by giving you a choice, we are giving you more control over how the child's trust fund is invested. As well as our Ethical Child Trust Fund, Healthy Investment also provides other ethical investment options details of which are available from this web site. 1. The Financial Services Authority (FSA)
The FSA is the independent watchdog that regulates financial services. It requires us to give you this document. Use this information to decide if our services are right for you.
2. Whose products do we offer ?
3. Which service will we provide you with?
4. What will you have to pay us for our services ?
5. Who regulates us ?
HEALTHY INVESTMENT OF 2 THE OLD COURT HOUSE TENTERDEN STREET BURY BL9 0AL is authorised and regulated by the Financial Services Authority. Our FSA Register number is 109994.
Our permitted business is Tax Efficient Savings, Investment Bonds, Life Assurance, Mini Stocks and Shares ISA's and Child Trust Fund. You can check this on the FSA's Register by visiting the FSA's website http://www.fsa.gov.uk/register or by contacting the FSA on 0845 606 1234 6. Loans and ownership
The Rechabite Friendly Society Limited trading as Healthy Investment is wholly owned by its members.
7. What to do if you have a complaint
If you wish to register a complaint, please contact us:
In Writing: Healthy Investment, 2 The Old Court House, Tenterden Street, Bury BL9 0AL
By phone: Telephone 0161 762 5790
If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service
8. Are we covered by the Financial Services Compensation Scheme (FSCS) ?
We are covered by the FSCS. You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim.
Most types of investment business are covered for 100% of the first £30,000 and 90% of the next £20,000 so the maximum compensation is £48,000.
Further information about compensation scheme arrangements is available from the FSCS.
You can obtain a printable version of this page in  pdf format from downloads
Healthy Investment provides two types of Child Trust Fund, a stakeholder product and an ethical product.
You can download the full key features and terms and conditions of either product. Download Stakeholder CTFDownload Ethical CTF
You can apply in any of the following ways:
Please enter your details below, then click on the "Submit Details" button. Your Details
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