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CTF DDA by liuqingyan

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									  HM REVENUE AND CUSTOMS
        KAI: Personal Tax & CAR




Child Trust Funds Statistics

Detailed Distributional Analysis




       November 2010
                                Child Trust Fund Detailed Distributional Analysis November 2010.
Index of tables
            Child Trust Funds: Number of accounts opened.
   1
            By additional payment award and account type.

  1.1       Child Trust Funds: Number of accounts opened.
            By Child's age and account type.

  1.2       Child Trust Funds: Number of accounts opened.
            By Government Region / Country and by account type.

            Child Trust Funds: Accounts with contributions, total and average value of contributions in year 2009-2010.
   2        Additional contributions in financial year April 2009 to April 2010.
            By account type and whether accounts have received additional payment awards or not.
            Child Trust Funds: Accounts with contributions, total and average value of contributions in year 2009-2010.
  2.1       Additional contributions in financial year April 2009 to April 2010.
            By Government region / Country.
            Child Trust Funds: Market Values.
   3
            Total market value by account type and whether accounts have received additional payment awards or not.

  3.1       Child Trust Funds: Market Values.
            Total and average market values by Government Region / Country.

   4        Child Trust Funds: Number of accounts.
            By Government Region / Country and by whether accounts have received additional payment awards or not.
Notes for tables.

1. Figures are based on Child Trust Fund (CTF) and Child Benefit (CB) administrative data.
Account status information is taken from CTF endowment records as at 24 September 2010 and
CTF contribution and account balance information is taken from the annual provider returns for
the year ending 5 April 2010. A Stakeholder account is a CTF account where a professional
investment manager has been given responsibility for investing the funds in the account either by
the parent or guardian, or by HM Revenue and Customs in the case of a Revenue Allocated
Account (or RAA - see Note 3). A Non-Stakeholder account is one where the investment
decisions have been retained by the parent or guardian.
2. CTF accounts are for eligible children born on or after 1 September 2002. These tables
provide statistics on those born on or before 5 April 2009 and that have an account opened by 5
April 2010. At this stage comparable information for children born after 5 April 2009 is
incomplete.
3. A CTF account may be opened by a parent or guardian up to a year after HM Revenue and
Customs (HMRC) have issued them with a CTF voucher. If a child's account is not opened after
this period HMRC opens a Revenue Allocated Account (or RAA) on behalf of the child and
allocates its maintenance to one of a range of approved investment managers.

4. Some children born on or before 5 April 2009 will be excluded from this analysis, either where
parents opened the account after 5 April 2010 (possible when a child born late in financial year
2008-2009 was issued a voucher after 5 April 2009) or where HMRC had not allocated an
account by 5 April 2010 following the expiry of a voucher (again likely for cases born late in
financial year 2008-2009). Thus tables which include children born between 6 April 2008 to 5
April 2009 should be treated as provisional and subject to upward revision on subsequent
publication.
5. For reasons similar to those described in note 4 comparative figures quoted in respect of the
results for the preceding year may not correspond with the same results as originally published.

6. As of the date of this analysis HMRC had issued 5.0 million vouchers in respect of children
born on or before 5 April 2009, of which 4.8 million accounts had been opened by 5 April 2009
(as included in this Detailed Distributional Analysis).
7. All Revenue Allocated Accounts (RAAs) are opened as Stakeholder Accounts where the
monies are invested on behalf of the child by a professional investment manager. Parents who
become the registered contact for the account may transfer to a non-stakeholder account and
make the investment decisions themselves or transfer the account to a different provider.

8. A small proportion of accounts will be eligible for an additional payment which was not
credited to the account by the time of the provider annual return. There will therefore be
instances where additional payment accounts show a balance below £500.

9. Some accounts have an overseas address and it is therefore not appropriate to allocate
these to a UK region. Investigation indicates that the vast majority of these accounts are in
respect of children of armed forces or other Crown employees serving overseas. Because the
regional analysis relies on the presence of a postcode the 'unknown' category is intended for a
small number of cases where postcode is missing from the record of the child's address.

10. Individual cells have been rounded and therefore totals may not sum to their components
whilst percentages may appear to be at variance with their component parts.
                   Child Trust Funds: Number of accounts opened.
        1          By additional payment award and account type.
                                                  1
All Children (born 1 Sept 2002 to 5 April 2009)                                                                                          numbers: thousands

                                                                                2                                               2
                                                               Stakeholder                              Non-Stakeholder                       All Accounts
                                                                                      3
                                                       Parent Opened            RAA                    Shares*            Cash only


Awarded Additional Payment **                               721                 540                      82                 251                    1,594
Not Awarded Additional Payment                             1,745                595                     232                 591                    3,163

All Accounts                                               2,466               1,135                    314                 842                    4,757

% Distribution by Account Type                              52%                 24%                      7%                 18%                    100%



Children born 6 April 2008 to 5 April 2009 1                                                                                             numbers: thousands


                                                               Stakeholder 2                            Non-Stakeholder 2                     All Accounts
                                                                                      3
                                                       Parent Opened            RAA                    Shares*            Cash only


Awarded Additional Payment **                               126                  72                       6                  40                     245
Not Awarded Additional Payment                              254                  53                      18                  85                     410

All Accounts                                                380                 126                      24                 125                     655

% Distribution by Account Type                              58%                 19%                      4%                 19%                    100%

1
    Provisional figures (see Note 4).                                                                                                           November 2010
2
    For a description see Note 1.
3
    Revenue Allocated Account (RAA) opened by HM Revenue and Customs on behalf of a parent or guardian (see Note 3).

The table for children born 6 April 2008 to 5 April 2009 covers all accounts open by April 2010, it does not cover cases where vouchers issued for children born
towards the end of tax year 2008-2009 have not been used by parents before the 12 month expiry date and have not been opened by HMRC by April 2010.
Therefore the distribution by account type may change when all accounts are open.

* These are accounts with investments in stocks and shares.
** Additional Government contributions made to children living in families on low incomes.
                                 Child Trust Funds: Number of accounts opened.
            1.1                  By Child's age and account type.
                                                  1
All Children (born 1 Sept 2002 to 5 April 2009)                                                                                   numbers: thousands


                                                         Stakeholder 2                           Non-Stakeholder 2                   All Accounts
                                                                               3
                                               Parent Opened             RAA                    Shares*               Cash only
Child born
        Sept 2002 - April 2003                        211                102                      30                   70                 412
            Tax Year 2003-2004                        375                167                      54                   124                720
            Tax Year 2004-2005                        380                167                      56                   124                728
            Tax Year 2005-2006                        363                186                      57                   127                733
            Tax Year 2006-2007                        370                193                      53                   132                748
            Tax Year 2007-2008                        385                195                      41                   140                760
            Tax Year 2008-2009                        380                126 **                   24                   125                655

All Accounts                                          2,466            1,135                     314                   842               4,757


1                                                                                                                                     November 2010
    Provisional figures (see Note 4).
2
    For a description see Note 1.
3
    Revenue Allocated Account (RAA) opened by HM Revenue and Customs on behalf of a parent or guardian (see Note 3).


* These are accounts with investments in stocks and shares.
** Likely to be revised up as further 'Revenue Allocated Accounts' are opened for children born during this period.
                   Child Trust Funds: Number of accounts opened.
     1.2           By Government Region / Country and by account type.
                                                  1
All Children (born 1 Sept 2002 to 5 April 2009)                                                                                           numbers: thousands

                                                                                 2                                                2
                                                               Stakeholder                              Non-Stakeholder                       All Accounts
                                                                                      3
                                                       Parent Opened            RAA                    Shares*            Cash only


North East                                                   92                 51                      16                  26                      184
North West                                                  261                 145                     38                  88                      532
Yorks & The Humber                                          194                 105                     30                  71                      400
East Midlands                                               171                 76                      22                  61                      329
West Midlands                                               217                 111                     26                  78                      433
East                                                        229                 83                      26                  95                      434
London                                                      377                 167                     39                  116                     699
South East                                                  342                 119                     43                  134                     637
South West                                                  196                 68                      25                  72                      361
England                                                    2,079                924                     264                 740                    4,008

Wales                                                       111                 54                       13                  36                      215
Scotland                                                    187                 102                      28                  40                      357
Northern Ireland                                            74                  46                       6                   23                      149

                                    4
Overseas and unknown                                         14                  9                       2                   3                       29
United Kingdom                                             2,466               1,135                    314                 842                    4,757



Children born 6 April 2008 to 5 April 2009 1                                                                                              numbers: thousands

                                                                                 2                                                2
                                                               Stakeholder                              Non-Stakeholder                       All Accounts

                                                       Parent Opened            RAA 3                  Shares*            Cash only


North East                                                  14                   6                       1                   4                       25
North West                                                  41                  17                       2                  13                       73
Yorks & The Humber                                          30                  12                       2                  12                       56
East Midlands                                               26                   9                       2                  10                       46
West Midlands                                               33                  13                       2                  12                       59
East                                                        35                   9                       2                  14                       61
London                                                      61                  17                       4                  15                       96
South East                                                  52                  13                       4                  20                       88
South West                                                  30                   8                       2                  11                       51
England                                                     322                 102                      21                 110                      554

Wales                                                         17                 6                        1                   5                      30
Scotland                                                      29                 12                       2                   6                      49
Northern Ireland                                              11                 5                        1                   3                      20

                                    4
Overseas and unknown                                         1                   1                       0                   0                        2
United Kingdom*                                             380                 126                      24                 125                      655

1                                                                                                                                               November 2010
    Provisional figures (see Note 4).
2
    For a description see Note 1.
3
    Revenue Allocated Account (RAA) opened by HM Revenue and Customs on behalf of a parent or guardian (see Note 3).
4
    See Note 9.

The table for Children born 6 April 2008 to 5 April 2009 covers all accounts open by April 2010, it does not cover cases where vouchers issued for children born
towards the end of tax year 2008-09 have not been used by parents before the 12 month expiry date and have not been opened by HMRC by April 2010.
Therefore the distribution by account type may change when all accounts are open.
* These are accounts with investments in stocks and shares.
                               Child Trust Funds: Accounts with contributions, total and average value of contributions in year 2009-2010
              2                Additional contributions* in financial year April 2009 to April 2010.
                               By account type and whether accounts have received additional payment awards or not**.

All Accounts
All Children (born 1 Sept 2002 to 5 April 2009) 1



                                                                  Total Accounts             Of which
                                                                                                were     % of accounts    Total value of                        Average
                                        Total Accounts            with additional                                                             Average
                                                                                             maximum          with       contributions (£                      contribution
                                            (1000s)               contributions *                                                         contribution (£s)
                                                                                               £1,200    contributions      millions)                         (£s) last year
                                                                      (1000s)
                                                                                              (1000s)


Stakeholder 2                                 3,600                       775                   38             22%             211              272                274
 Parent Opened                                2,466                       752                   37             30%             205              273                274
 RAA 3                                        1,135                       24                    1              2%               6               243                254

Non-Stakeholder 2                             1,157                       276                   25             24%             93               336                328
 Shares ***                                    314                        100                   12             32%             37               366                360
 Cash only                                     842                        176                   13             21%             56               319                310

All Accounts                                  4,757                      1,051                 63              22%             304              289                289




Accounts receiving additional payment awards **
All Children (born 1 Sept 2002 to 5 April 2009) 1



                                                                  Total Accounts             Of which
                                                                                                were     % of accounts    Total value of                        Average
                                        Total Accounts            with additional                                                             Average
                                                                                             maximum          with       contributions (£                      contribution
                                            (1000s)               contributions *                                                         contribution (£s)
                                                                                               £1,200    contributions      millions)                         (£s) last year
                                                                      (1000s)
                                                                                              (1000s)


Stakeholder 2                                 1,261                       146                   2              12%             26               176                178
 Parent Opened                                 721                        139                   2              19%             25               177                179
 RAA 3                                         540                         7                    0              1%              1                162                167

Non-Stakeholder 2                              333                         45                   1              14%              9               195                185
 Shares ***                                    82                          13                   0              16%              2               153                143
 Cash only                                     251                         31                   1              12%              7               212                203

All Accounts                                  1,594                       190                   3              12%             34               181                180




Accounts not receiving additional payment awards
All Children (born 1 Sept 2002 to 5 April 2009) 1


                                                                                             Of which
                                                                  Total Accounts
                                                                                                were     % of accounts    Total value of                        Average
                                        Total Accounts            with additional                                                             Average
                                                                                             maximum          with       contributions (£                      contribution
                                            (1000s)               contributions *                                                         contribution (£s)
                                                                                               £1,200    contributions      millions)                         (£s) last year
                                                                      (1000s)
                                                                                              (1000s)


Stakeholder 2                                 2,340                       630                   37             27%             185              294                295
 Parent Opened                                1,745                       613                   36             35%             180              294                295
 RAA 3                                         595                        17                    1              3%               5               277                287

Non-Stakeholder 2                              823                        232                   24             28%             84               363                358
 Shares ***                                    232                        87                    12             37%             35               398                396
 Cash only                                     591                        145                   12             24%             50               342                336

All Accounts                                  3,163                       861                   60             27%             269              313                313

1                                                                                                                                                              November 2010
    Provisional figures (see Note 4).
2
    For a description see Note 1.
3
    Revenue Allocated Account (RAA) opened by HM Revenue and Customs on behalf of a parent or guardian (see Note 3).

* All non-Government additional contributions (i.e by family and friends etc).
** Additional Government contributions made to children living in families on low incomes.
*** These are accounts with investments in stocks and shares.
                     Child Trust Funds: Accounts with contributions, total and average value of contributions in year 2009-2010
      2.1            Additional contributions* in financial year April 2009 to April 2010.
                     By Government region / Country.
                                                   1
All Children (born 1 Sept 2002 to 5 April 2009)


                                                                                 Total Accounts with                                                    Average
                                                                                                       % of accounts   Total value of     Average
                                                        Total Accounts                additional                                                       contribution
                                                                                                            with       contributions    contribution
                                                            (1000s)                contributions *                                                      (£s) last
                                                                                                       contributions    (£ millions)        (£s)
                                                                                        (1000s)                                                           year


North East                                                      184                     37                 20%               9              236            235
North West                                                      532                     107                20%               27             248            248
Yorks & The Humber                                              400                     81                 20%               20             251            251
East Midlands                                                   329                     71                 22%               18             259            261
West Midlands                                                   433                     86                 20%               22             256            256
East                                                            434                     103                24%               31             296            297
London                                                          699                     164                24%               63             381            382
South East                                                      637                     163                26%               52             317            319
South West                                                      361                     86                 24%               23             265            266
England                                                        4,008                    899                22%              264             293            294

Wales                                                           215                      43                20%              11              246            247
Scotland                                                        357                      79                22%              21              261            260
Northern Ireland                                                149                      25                17%              7               271            275

Overseas and unknown 2                                           29                       5                17%               2              341            334
United Kingdom                                                 4,757                    1,051              22%              304             289            289

1                                                                                                                                                      November 2010
    Provisional figures (see Note 4).
2
  See Note 9.
* All non-Government additional contributions (i.e by family and friends etc).
                        Child Trust Funds: Market Values*.
           3            Total market value* by account type and whether accounts have
                        received additional payment awards or not**.

All Accounts
All Children (born 1 Sept 2002 to 5 April 2009) 1



                                    Total Accounts          Total market value*               Total market value*
                                        (1000s)                 (£ millions)                 last year (£ millions)



Stakeholder 2                           3,600                         2,334                          1,299
  Parent Opened                         2,466                         1,826                          1,015
  RAA 3                                 1,135                          508                            284

Non-Stakeholder 2                       1,157                          875                            612
 Shares***                               314                           295                            164
 Cash only                               842                           580                            448

All Accounts                            4,757                         3,209                          1,911



Accounts receiving additional payment awards **
All Children (born 1 Sept 2002 to 5 April 2009) 1


                                    Total Accounts          Total market value*               Total market value*
                                        (1000s)                 (£ millions)                 last year (£ millions)


Stakeholder 2                           1,261                          837                            474
  Parent Opened                          721                           526                            302
  RAA 3                                  540                           311                            172

Non-Stakeholder 2                        333                           236                            174
 Shares***                               82                            58                              34
 Cash only                               251                           178                            140

All Accounts                            1,594                         1,073                           648



Accounts not receiving additional payment awards.
All Children (born 1 Sept 2002 to 5 April 2009) 1


                                    Total Accounts          Total market value*               Total market value*
                                        (1000s)                 (£ millions)                 last year (£ millions)


Stakeholder 2                           2,340                         1,497                           825
  Parent Opened                         1,745                         1,300                           713
  RAA 3                                  595                           197                            112

Non-Stakeholder 2                        823                           639                            438
 Shares***                               232                           237                            130
 Cash only                               591                           402                            308

All Accounts                            3,163                         2,136                          1,263

1                                                                                                     November 2010
    Provisional figures (see Note 4).
2
    For a description see Note 1.
3
    Revenue Allocated Account (RAA) opened by HM Revenue and Customs on behalf of a parent or guardian (see Note 3).

* Market valuation undertaken between October 2009 and 5 April 2010.
** Additional Government contributions made to children living in families on low incomes.
*** These are accounts with investments in stocks and shares.
                   Child Trust Funds: Market Values*
     3.1           Total and average market values* by Government Region / Country.

All Accounts
All Children (born 1 Sept 2002 to 5 April 2009) 1



                                        Total Accounts         Total market value*    Total market value*
                                            (1000s)                (£ millions)      last year (£ millions)



North East                                   184                        116                    70
North West                                   532                        337                   203
Yorks & The Humber                           400                        253                   151
East Midlands                                329                        210                   125
West Midlands                                433                        274                   165
East                                         434                        297                   179
London                                       699                        547                   320
South East                                   637                        462                   273
South West                                   361                        237                   142
England                                     4,008                      2,733                 1,628

Wales                                        215                       135                     81
Scotland                                     357                       233                    135
Northern Ireland                             149                        90                     54

Overseas and unknown 2                       29                         18                    12
United Kingdom                              4,757                      3,209                 1,911

1                                                                                             November 2010
    Provisional figures (see Note 4).
2
    See Note 9.

* Market valuation undertaken between October 2009 and 5 April 2010.
                 Child Trust Funds: Number of accounts.
        4        By Government Region / Country and by whether accounts have received additional
                 payment awards or not **.
                                                  1
All Children (born 1 Sept 2002 to 5 April 2009)                                                                   numbers: thousands


                                         Additional Payment           No Additional
                                              Award **               Payment Award                 All accounts   % with award 2


North East                                       78                         106                            184         43%
North West                                      211                         320                            532         40%
Yorks & The Humber                              156                         244                            400         39%
East Midlands                                   109                         220                            329         33%
West Midlands                                   168                         265                            433         39%
East                                            112                         321                            434         26%
London                                          249                         450                            699         36%
South East                                      148                         489                            637         23%
South West                                      101                         260                            361         28%
England                                        1,333                       2,675                          4,008        33%

Wales                                            83                         131                           215          39%
Scotland                                        122                         235                           357          34%
Northern Ireland                                 52                          97                           149          35%

Overseas and unknown 3                           5                           24                             29         16%
United Kingdom                                 1,594                       3,163                          4,757        34%



Children born 6 April 2008 to 5 April 2009 1                                                                      numbers: thousands


                                         Additional Payment           No Additional
                                                                                                                                 2
                                              Award **               Payment Award                 All accounts   % with award


North East                                       11                          14                           25           46%
North West                                       32                          41                           73           44%
Yorks & The Humber                               24                          32                           56           43%
East Midlands                                    17                          29                           46           37%
West Midlands                                    26                          33                           59           44%
East                                             18                          42                           61           30%
London                                           37                          59                           96           39%
South East                                       24                          64                           88           28%
South West                                       16                          35                           51           32%
England                                         206                         348                           554          37%

Wales                                           13                           17                            30          43%
Scotland                                        18                           31                            49          36%
Northern Ireland                                 8                           13                            20          38%

Overseas and unknown 3                           ..                          2                             2           19%
United Kingdom                                  245                         410                           655          37%

1
     Provisional figures (see Note 4).                                                                               November 2010
2
  See Note 10.
3
  See Note 9.
..
  Amount present but which would appear as 'zero' if the rounding convention in the table was followed.
** Additional Government contributions made to children living in families on low incomes.

								
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