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1171505

	registered interest
	date	16/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Child Trust Fund
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many Child Trust Fund accounts were taken out between their introduction in September 2002 and their replacement by junior ISA's in January 2011; and how much was invested in them from public funds.
	tabling member constituency	East Worthing and Shoreham
	tabling member printed	Tim Loughton
	uin	4282
	answer	answer is ministerial correction date of answer 21/01/2020 answer text <p>HMRC has published the number of CTF and contributions in the following publications for the years requested. The following links provide the last edition of these publications.</p><p> </p><p>Link to “Child Trust Fund Statistical Report” – <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255886/statistical-report.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255886/statistical-report.pdf</a></p><p>Link to “Child Trust Funds: detailed distributional analysis” - <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255881/dda.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255881/dda.pdf</a></p><p> </p><p>HMRC does not have records of, nor have they made any estimations of, CTF accounts where the child or their parents is unaware of which firm is maintaining the account. CTF providers are required in legislation to send out regular statements to the contact for the account. However, although the primary relationship is between the account provider and the child’s parents, if they don’t know which provider is managing their child’s account, they can use the following online form to track the account.</p><p> </p><p><a href="https://www.gov.uk/child-trust-funds" target="_blank">https://www.gov.uk/child-trust-funds</a></p><p> </p><p>HMRC estimates the market value of all Child Trust Funds (as at 2015-16), which will start to be eligible to be accessed by their beneficial holder from September 2020, to be £7,450 m. This estimate used the latest complete Child Trust Fund information available to HMRC – relating to 2015-16. This may not necessarily be reflective of the market value the accounts when they reach maturity.</p><p> </p><p>A complete list of authorised Child Trust Fund Providers is held at the following webpage: <a href="https://www.gov.uk/government/publications/list-of-authorised-child-trust-fund-providers/child-trust-fund-account-providers" target="_blank">https://www.gov.uk/government/publications/list-of-authorised-child-trust-fund-providers/child-trust-fund-account-providers</a></p><p> </p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 4283 4284 4285 4286 question first answered 21/01/2020 15:29:19 answering member 4051 label Biography information for John Glen
	tabling member	114 label Biography information for Tim Loughton

1171506

	registered interest
	date	16/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Child Trust Fund
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how much was contributed to Child Trust Funds from parents and relatives; and to how many accounts.
	tabling member constituency	East Worthing and Shoreham
	tabling member printed	Tim Loughton
	uin	4283
	answer	answer is ministerial correction date of answer 21/01/2020 answer text <p>HMRC has published the number of CTF and contributions in the following publications for the years requested. The following links provide the last edition of these publications.</p><p> </p><p>Link to “Child Trust Fund Statistical Report” – <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255886/statistical-report.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255886/statistical-report.pdf</a></p><p>Link to “Child Trust Funds: detailed distributional analysis” - <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255881/dda.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255881/dda.pdf</a></p><p> </p><p>HMRC does not have records of, nor have they made any estimations of, CTF accounts where the child or their parents is unaware of which firm is maintaining the account. CTF providers are required in legislation to send out regular statements to the contact for the account. However, although the primary relationship is between the account provider and the child’s parents, if they don’t know which provider is managing their child’s account, they can use the following online form to track the account.</p><p> </p><p><a href="https://www.gov.uk/child-trust-funds" target="_blank">https://www.gov.uk/child-trust-funds</a></p><p> </p><p>HMRC estimates the market value of all Child Trust Funds (as at 2015-16), which will start to be eligible to be accessed by their beneficial holder from September 2020, to be £7,450 m. This estimate used the latest complete Child Trust Fund information available to HMRC – relating to 2015-16. This may not necessarily be reflective of the market value the accounts when they reach maturity.</p><p> </p><p>A complete list of authorised Child Trust Fund Providers is held at the following webpage: <a href="https://www.gov.uk/government/publications/list-of-authorised-child-trust-fund-providers/child-trust-fund-account-providers" target="_blank">https://www.gov.uk/government/publications/list-of-authorised-child-trust-fund-providers/child-trust-fund-account-providers</a></p><p> </p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 4282 4284 4285 4286 question first answered 21/01/2020 15:29:19 answering member 4051 label Biography information for John Glen
	tabling member	114 label Biography information for Tim Loughton

1171508

	registered interest
	date	16/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Child Trust Fund
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how much money is invested in Child Trust Funds which will be eligible to be accessed by their beneficial holder from September 2020.
	tabling member constituency	East Worthing and Shoreham
	tabling member printed	Tim Loughton
	uin	4285
	answer	answer is ministerial correction date of answer 21/01/2020 answer text <p>HMRC has published the number of CTF and contributions in the following publications for the years requested. The following links provide the last edition of these publications.</p><p> </p><p>Link to “Child Trust Fund Statistical Report” – <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255886/statistical-report.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255886/statistical-report.pdf</a></p><p>Link to “Child Trust Funds: detailed distributional analysis” - <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255881/dda.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255881/dda.pdf</a></p><p> </p><p>HMRC does not have records of, nor have they made any estimations of, CTF accounts where the child or their parents is unaware of which firm is maintaining the account. CTF providers are required in legislation to send out regular statements to the contact for the account. However, although the primary relationship is between the account provider and the child’s parents, if they don’t know which provider is managing their child’s account, they can use the following online form to track the account.</p><p> </p><p><a href="https://www.gov.uk/child-trust-funds" target="_blank">https://www.gov.uk/child-trust-funds</a></p><p> </p><p>HMRC estimates the market value of all Child Trust Funds (as at 2015-16), which will start to be eligible to be accessed by their beneficial holder from September 2020, to be £7,450 m. This estimate used the latest complete Child Trust Fund information available to HMRC – relating to 2015-16. This may not necessarily be reflective of the market value the accounts when they reach maturity.</p><p> </p><p>A complete list of authorised Child Trust Fund Providers is held at the following webpage: <a href="https://www.gov.uk/government/publications/list-of-authorised-child-trust-fund-providers/child-trust-fund-account-providers" target="_blank">https://www.gov.uk/government/publications/list-of-authorised-child-trust-fund-providers/child-trust-fund-account-providers</a></p><p> </p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 4282 4283 4284 4286 question first answered 21/01/2020 15:29:20 answering member 4051 label Biography information for John Glen
	tabling member	114 label Biography information for Tim Loughton

1171509

	registered interest
	date	16/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Child Trust Fund
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will list the financial firms who operate Child Trust Funds.
	tabling member constituency	East Worthing and Shoreham
	tabling member printed	Tim Loughton
	uin	4286
	answer	answer is ministerial correction date of answer 21/01/2020 answer text <p>HMRC has published the number of CTF and contributions in the following publications for the years requested. The following links provide the last edition of these publications.</p><p> </p><p>Link to “Child Trust Fund Statistical Report” – <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255886/statistical-report.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255886/statistical-report.pdf</a></p><p>Link to “Child Trust Funds: detailed distributional analysis” - <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255881/dda.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255881/dda.pdf</a></p><p> </p><p>HMRC does not have records of, nor have they made any estimations of, CTF accounts where the child or their parents is unaware of which firm is maintaining the account. CTF providers are required in legislation to send out regular statements to the contact for the account. However, although the primary relationship is between the account provider and the child’s parents, if they don’t know which provider is managing their child’s account, they can use the following online form to track the account.</p><p> </p><p><a href="https://www.gov.uk/child-trust-funds" target="_blank">https://www.gov.uk/child-trust-funds</a></p><p> </p><p>HMRC estimates the market value of all Child Trust Funds (as at 2015-16), which will start to be eligible to be accessed by their beneficial holder from September 2020, to be £7,450 m. This estimate used the latest complete Child Trust Fund information available to HMRC – relating to 2015-16. This may not necessarily be reflective of the market value the accounts when they reach maturity.</p><p> </p><p>A complete list of authorised Child Trust Fund Providers is held at the following webpage: <a href="https://www.gov.uk/government/publications/list-of-authorised-child-trust-fund-providers/child-trust-fund-account-providers" target="_blank">https://www.gov.uk/government/publications/list-of-authorised-child-trust-fund-providers/child-trust-fund-account-providers</a></p><p> </p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 4282 4283 4284 4285 question first answered 21/01/2020 15:29:20 answering member 4051 label Biography information for John Glen
	tabling member	114 label Biography information for Tim Loughton