Top up a Child Trust Fund
Child Trust Funds (CTFs) are a great way to build a secure financial future for your child.
One of the best things about a CTF is that anyone can contribute. Whether it's you, a grandparent, or a family friend, every contribution helps.
Explore the different ways you can top up a CTF and give your child a head start in life.
How to pay into a Child Trust Fund (CTF)
Whether you're setting up regular payments or making a one-off contribution, it's simple to pay into your child’s Unity Mutual CTF.
Read on to learn how.
Set up or change a Direct Debit
Regular contributions can help your child’s savings grow steadily over time.
- To set up a new Direct Debit, download the form. You can also email us to request a paper copy. Once completed, simply email it back to us and we’ll do the rest.
- To increase an existing Direct Debit, email us at insure@unitymutual.co.uk with:
- Your child’s CTF account number
- The new monthly amount or the amount of increase
- Family or friends can also contribute by setting up their own Direct Debit using the same form.
Make a one-off payment
Making a one-off payment is quick and easy via bank transfer. Simply use the details below and include your child’s CTF account number as the payment reference.
Unity Mutual CTF Payment Details:
Account Name: Unity Mutual One
Sort Code: 30-95-42
Account Number: 75625768
Payment Reference: Your child’s CTF account number
You can also make a payment directly through our online payment page.
Feel free to share these details with friends and family who would like to contribute.
FAQs
Anyone can contribute to a CTF – not just parents. Whether it's grandparents, godparents, or family friends, every contribution can help boost your child’s future financial wellbeing.
Even your child can pay into their own account if they have a bank account. Encouraging them to save part of their pocket money is a great way to teach smart financial habits from an early age.
Grandparents may also benefit from making CTF contributions as part of inheritance tax planning, making it a thoughtful and potentially tax-efficient gift.
• The minimum contribution to a Unity Mutual CTF is £10 per payment.
• Each tax year (running from birthday to birthday for CTFs), you can contribute up to £9,000.
This annual allowance applies to all contributors combined, so it's worth coordinating if multiple people want to help grow the fund.
