You are here: ASDA Financial Services> Savings Account> Child Trust Fund> Make a payment

Make a payment

Add to your child's ASDA Child Trust Fund

It's easy to pay into your child's ASDA Child Trust Fund online. Follow the links below to make your payment.

Payments from Family and Friends

Anyone can make a payment into your child's ASDA Child Trust Fund provided by The Children's Mutual. All they'll need is your child's Unique Reference Number (URN). You can find this on your ASDA Child Trust Fund certificate and top-up cards.

Child Trust Fund calculator

Take a look at our new ASDA Child Trust Fund savings calculator.

Our ASDA Child Trust Fund savings calculator aims to help you find out how much you might choose to pay into your child’s ASDA Child Trust Fund account each month over an 18 year period.

This could be a target amount that you’ve got in mind, or perhaps you’d like to save for a particular life event for your child – such as helping them with the deposit for their first home, or the cost of university.

The possible costs of the life events in 18 years time are based on the sources below, and assume growth at an inflation rate of 2.5% a year, but make no allowance for past inflation since the source date shown.

The suggested monthly payment amount

• assumes that such sums paid into the account will grow at 7% a year, and that total charges will be 1.5% of the account’s value each year
• assumes it’s possible to make monthly payments for a full 18 years. If there’s less than 18 years to go until your child’s 18th birthday, you could need to pay in more than shown here
• takes into account Government contributions of £250 each at outset and age 7
• is an example only, and payment at this rate does not guarantee the target amount will be achieved. Your child could get back more or less than your chosen target amount. Don’t forget that inflation would reduce what your child could buy with the amount they receive at 18.

The minimum and maximum target amounts that you
can enter

Using the assumed growth rate of 7% a year and charges at 1.5% a year:

• the minimum target amount is based on a monthly payment of £10 for a full 18 years
• the maximum target amount is based on a monthly payment of £100 for a full 18 years

Source information

• Gap year travel - A round-the-world ticket lasting 364 days from www.gogap.com including flight and travel insurance
• University - Based on the National Union of Students the estimated average expenditure for the academic year 2007/2008 is £13,140 including tuition fees of £3,070 for the first year www.direct.gov.uk. Education and Learning quote the maximum amount for tuition fees in year 2 for the academic year 2008/2009 as £3,145. The predicted amount for tuition fees in year 3 academic year for 2009/2010 assumes an increase in fees at the same level and is estimated at £3,225. This amount applies to students resident in England and Wales who are studying outside London. Welsh students may be eligible for a grant (July 05)
• Car - www.whatcar.co.uk e.g. Daihatsu Charade, Fiat Panda, Citroen C1 as new (July 07)
• First home - Assuming deposit at 10% of average first time buyer's home cost of £175,093. Halifax (December 07; sourced: February 08)
• Wedding - Information via email from the PR Manager at Confetti; cost includes honeymoon (July 07)
• Business - The average start-up money required and invested by UK Entrepreneurs today is £10,000 (Global Entrepreneurship Monitor, published 2006)

Apply for the Child Trust Fund now and get a free ASDA gift card worth £25

Find out more