This is a new form of tax free savings account for children that was launched on 1 November 2011 to replace Child Trust Funds. Unlike the Child Trust Fund there are no contributions made from the government and the accounts operate in similar way to an adult ISA.
Clockwise offers a savings deposit based trust fund safe from the fluctuations and risk associated with stake holder stock market invested funds. In addition we do not charge a management fee and by investing in Clockwise you will be supporting your local community.
Contact us for more information on transferring an existing Child Trust Fund to clockwise.
If you have an existing Clockwise Child Trust Fund then you can top-up by depositing up to £1,200 in each subscription year. The subscription year runs from your child’s birthday to the day before their next birthday. Payments can be made by cheque, bank transfer or regular standing order. Contact us for more information.
For any questions or to set up an account for your child please contact us