Child Trust Fund

All about money
If you already have a Child Trust Fund
You can continue to add up to £4,260 a year to your CTF account. The money belongs to the child and they can only take it out when they’re 18. They can take control of the account when they’re 16.

There’s no tax to pay on the CTF income or any profit it makes. It won’t affect any benefits or tax credits you receive.

Find your provider
You can find out where a CTF’s held if you don’t know the provider. Fill in the form online to ask HM Revenue and Customs (HMRC). You’ll need to sign in to your Government Gateway account or register for one.

HMRC will contact you for more information if you’ve adopted the child or a court has given you parental responsibility for them.
Childcare Grant

You may be eligible for help with your childcare costs if you:
-are a full-time higher education student
-have children under 15, or under 17 if they have special educational needs
The grant:
+does not have to be paid back
+is paid on top of your other student finance
+You must be eligible for student finance to apply for a Childcare Grant.