Top Tips for Top Ups

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This document forms the ippr response to the Treasury's consultations on additional payments to Child Trust Funds.

This document forms the ippr response to the Treasury's consultations on additional payments to

Child Trust Funds. A consultation launched on 2 December 2004 asked for views on the correct size

and ratio of progressivity of top-ups at age seven. A consultation launched on 16 March 2005 asked

the same questions for top-ups at secondary-school age, and asked at what age payments

should be given.

To answer these questions about top-ups, we return to the original objectives of the CTF - promoting a savings habit, and providing independence, opportunities, and security - and consider how top-ups could contribute to these objectives. We also consider how top-ups could help promote active citizenship, which is an explicit government objective, and reduce wealth inequality, which is important for achieving other government goals. Dominic Maxwell and Sonia Sodha

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