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Save Child Trust Fund
Child Trust Funds are saving and investment accounts for children and young people. Children born on or after 1 September 2002 receive a £250 voucher at birth to start their account. The account belongs to the child and can't be touched until they turn 18, giving young people additional financial security to help their transition to adult life.
Top-up payments
The Care Matters: Time for change White Paper set out the Government's commitment to provide an extra £100 per year for the Child Trust Fund accounts of looked-after children for every whole year they spend in care after 1 April 2007.
Statutory guidance for LAs on how they should make payments for all eligible looked after children was published on 28 May 2008 and is available below.
Funding
s will receive additional funding to make the Child Trust Fund account top-up payments for looked-after children through their area based grant. Details of funding can be downloaded.
Associated documents
Child Trust Fund Account Top-Up Payments for Looked After Children: Statutory Guidance on Local Authority Practice in England
Download the contents of this page:
as a Word Document
Last updated on 23/04/2009
