Child Trust Funds

Treasury written question – answered on 16th January 2007.

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Photo of Vincent Cable Vincent Cable Shadow Chancellor of the Exchequer, Liberal Democrat Spokesperson (Treasury)

To ask the Chancellor of the Exchequer what the range of annual charges was for (a) stakeholder and (b) non-stakeholder approved child trust fund providers in 2005-06; and if he will make a statement.

Photo of Edward Balls Edward Balls The Economic Secretary to the Treasury

Annual charges on stakeholder accounts are limited to 1.5 per cent. of the value of the account. Charges on non-stakeholder share accounts are not capped, and will vary. HMRC do not keep records of the different charges levied by providers, but do urge parents to ask about such charges when choosing an account.

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