Child Trust Fund - tax question

I've set up a stakeholder CTF for my child.

My parents now want to make a one-per-year contribution to it as well.

My question is though, my father was wondering how best to make his contribution in relation to his own tax position. Would it best for him to write a cheque to me, which I pay into my bank and hen write a cheque of my own and pay it into the CTF (making it appear to be a lump sum paid by me) or would it be better for him to pay directly to the CTF himself? Can he claim tax relief if he does it this way?

If anyone can help, I'd appreciate it. I've very little clue about tax, so keep it simple if you can.

Reply to
D
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He can't claim tax relief, but if it is his donation to the child's account , then the income from that count's as the child's. If you do it, then if the income exceeds £100 p.a. it may count as yours. I'm not sure if this applies to CTFs as well as ordinary designated accounts.

Reply to
Terry Harper

Doesn't apply to CTF, but only 1200 can be added to the CTF each year in total.

Reply to
Jane Tweedynn

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