Child Trust Funds See Increase in Annual Contributions

The annual Child Trust Fund statistics, released today, show that:

• The average contribution paid into Child Trust Funds by family, friends and others was £289 per year (around £24 per month) in 2008/09, a £10 increase on the previous year.
• Around three-quarters of parents have opened accounts for their children within the first year.
• £2bn currently being held in Child Trust fund accounts overall.

Press Release: H. M. Treasury.

Statistics: HMR&C.

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