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Child Trust Fund

Find out exactly how a Child Trust Fund works.

Learn more about Child Trust Funds

A Child Trust Fund is a government scheme that provides a way to invest for people born on or between 1 September 2002 and 2 January 2011.

The scheme is now closed to new applicants.

The account belongs to you, not your parents, and any money that's paid into the account can only be accessed when you turn 18.

We'll let you know what options are available for your money, so that you can get ready to decide what to do when your account matures.

Remember, the HSBC Child Trust Fund is investment-based and all investments carry risk. Investing has its ups and downs – so you could get back less than you invest. Tax rules can also change and any benefits depend on your individual situation.

 

What happens when the account is due to mature

Whether you're about to turn 18, or you're a parent looking to learn more on behalf of your child, you can find out what happens when the Child Trust Fund matures.

Find out what your next steps could be now that you're turning 18.

A guide for parents or the registered contact for a child whose fund is about to mature.

Take a closer look at the HSBC Child Trust Fund

How much money you can pay in

If you have a Child Trust Fund with HSBC, you can invest up to £9,000 each year until you turn 18 – either as a lump sum or in regular payments.

If you have a Child Trust Fund with another provider, you can choose to transfer it to HSBC.

The minimum investment for a lump sum is £10. There’s no minimum investment for regular payments.

Relatives and friends can also pay money into your Child Trust Fund – you just need to give them the account details.

How to set up or change a Direct Debit

To set up or increase a Direct Debit payment to the account, you'll need to complete the Child Trust Fund Direct Debit form.

For more information about payment methods, you can read the Key features of our Child Trust Fund.

Or, get in touch with us and we’ll send you a copy.

How to transfer a Child Trust Fund to HSBC

If you have a Child Trust Fund with another provider, you can transfer it to HSBC. 

Just complete the Child Trust Fund application form.

Before transferring your fund to us, be sure to read the Key investor information so you can understand more about the investment and the risk involved.

Application forms and account documents

Read, download or print the key details of the HSBC Child Trust Fund.

Financial advice

If you think you might like advice, find out more about our investment advice options. Eligibility and fees apply.

To find out more about the wider industry, including how to seek independent financial advice, you can visit MoneyHelper.

Need support applying? If you think you might need support before making an investment decision, we can help you get specialist investment support.

Get in touch with us

You can get in touch with us to arrange what to do with your Child Trust Fund proceeds when the account matures. Or, if you haven't received a letter, need to update your contact details or your signature that's on file.

Speak to us

Give us a call on:

0345 606 6241

Lines are open 08:00 to 18:00 on Mondays to Fridays, excluding bank holidays.

Visit a branch

You may need to visit a branch to update your contact details or your signature that's on file.

You might also be interested in

Different ways to save, which can help you give your child a head start in life.
Find out whether you could be missing out on Child Trust Fund money.
How much will I need to save for my child's education?
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