Written question asked by Fraser Kemp (Labour) on Thursday, 14 July 2005, in the House of Commons. It was due for an answer on Monday, 18 July 2005. It was answered by Ivan Lewis (Labour) on Wednesday, 20 July 2005 on behalf of the Treasury.
Child Trust Fund
- Question
- To ask the Chancellor of the Exchequer (1) how many applications there have been for the new child trust fund nationally since its introduction; and how many children are eligible to receive it;
- Answer
-
Children are eligible for the child trust fund if they were born on or after 1 September 2002, a child benefit award has been made for them and they live in the UK and are not subject to immigration restrictions.A CTF voucher is needed to open a child trust fund account and all eligible children receive one automatically once a child benefit award is made. No separate application is needed. So far around 1.7 million vouchers have been issued and I am encouraged by the fact that around one third of these vouchers have already been used and that awareness of the fund is virtually universal and many parents now see the child trust fund as the primary savings vehicle for their child. This positive action will help us to achieve our goal that every child—regardless of their background—gets the best start in life.Information on the number of CTF vouchers issued by parliamentary constituency is only available at disproportionate cost. However for information on the number of children born to mother resident in each UK constituency since 1 September 2002 I refer the hon. Member to the answer given to the hon. Member for Battersea (Martin Linton) on 30 November 2004, Official Report, columns 87–88W.
Secondary information
- Type
- Written question
- Reference
- 13566; 436 c1826-7W;436 c1826-7W
- Session
- 2005-06
- Related items
- Subjects
- Child trust fund
Show all related items (8)
Librarians' tools
- Timestamp
- 2013-11-26 03:08:42 +0000
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