Saving for children: a baseline survey at the inception of the Child Trust Fund

Authors: Professor Elaine Kempson, Adele Atkinson, Sharon Collard
Funded by: HM Revenue & Customs
Published by: HM Revenue & Customs
Publication date: September 2006
Report number: HMRC Research Report 18

The promotion of saving and asset-accumulation is an important aspect of Labour government policy, particularly in relation to lower-income households. The Child Trust Fund (CTF) was introduced as a way of promoting asset-accumulation among young people. Child Trust Fund accounts have been available since April 2005 to children born from 1 September 2002.

The study had two main aims. First, to provide baseline information on the extent and nature of saving for and by dependent children under 18. This was achieved through three face-to-face surveys:

Secondly, the research looked at various aspects of the CTF itself. This included:

The report provides baseline information on the extent and nature of saving for and by dependent children prior to the introduction of the CTF. It also looks at parents' views and intentions regarding the Child Trust Fund, together with an early assessment of the Child Trust Fund market. The research was carried out between March 2005 and January 2006.


Saving for children: a baseline survey at the inception of the Child Trust Fund
[ Full report (PDF, 451kB) | Research summary (PDF, 83kB) | Technical appendices (PDF, 110kB) | Questionnaires (PDF, 154kB)]


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