Your Police Mutual. Owned by you. Run by you.

We recognise that saving for your child is a personal choice, so we offer three different funds for you to invest in. The choice is up to you – but you need to think carefully about your attitude to risk. Some of the funds offer the potential for bigger returns if you’re prepared to take an element of risk. You can also – within certain limitations – invest in a mix of funds.

Guaranteed Cash Fund

If you're looking for a secure fund for your child’s money, the Guaranteed Cash Fund is the safest option of all.

The money is invested in cash deposit accounts and your child is guaranteed to get back at least all of the money that's been paid in - and the interest added, minus the annual charge for managing the account. This type of fund usually delivers a lower return than a share-based fund, but gives a full guarantee.

Cautious Managed Fund

If you want the potential to earn more on your child’s investment but don’t want as much risk as the Balanced Growth Fund, the Cautious Managed Fund invests in a mix of higher and lower risk investments.

This fund invests up to half of your child's money in shares. The remainder is used for lower-risk investments such as bonds and gilts, issued by the Government and companies to raise capital.

There are no guarantees and the value of the investment can go up or down, so the child could get back less than has been paid in.

Balanced Growth Fund

If you want the maximum potential return, you could choose to invest in the Balanced Growth Fund. To provide higher growth potential, up to 70% of the money can be invested in shares in a variety of companies. The rest is invested in bonds and gilts and other lower risk investments.

There are no guarantees and the value of the investment can go up or down, so the child could get back less than has been paid in.

Both the Cautious Managed and Balanced Growth funds have the potential to make longer-term gains. Since 1899, equities have outperfomed cash for 91 out of the 92 eighteen-year periods.

However, past performance is not a guarantee of how shares will perform in the future.

The Government has also announced its intention to make a further minimum contribution of £250 to the account when your child reaches seven.

Anyone can add contributions at any time up to a maximum of £1200 each year.

On your child's 18th birthday, the account will stop being a Child Trust Fund account. Your child will have access to the funds and can invest in another savings account or use it as they wish. The money can only be accessed by the child and only when they reach the age of 18.

Once you have set up the account, you can change how your child's money is invested at any time. We’ll tell you how when the account is set up.

You have a choice of investing in either a stakeholder or a non-stakeholder account. A stakeholder account must meet certain Government requirements, including maximum charges and the way it is invested. A non-stakeholder account doesn't have to. For more information about the two types of account available, see the Key Features document.

The table below shows which funds are available as stakeholder and non-stakeholder accounts.   

The lifestyling option is an investment strategy that aims to maintain long term growth while helping to protect the Child Trust Fund account from the volatility of the stock market as the child approaches 18. Lifestyling is automatically applied to the Cautious Managed Fund and Balanced Growth Fund unless you opt out.

Shortly before your child’s 13th birthday, investments in these funds are gradually transferred into a potentially less volatile fund to help reduce the risk involved.

The following example (subject to change) shows how much is transferred over time:

* transfer of investment takes place shortly before the child's birthday

If the investment is split between the Cautious Managed Fund and Balanced Growth Fund, money is transferred from both in the appropriate proportion.

We will contact you before lifestyling starts to check that you are happy with the decision you have made. You can also opt in or out of lifestyling at any time by contacting us on 0845 88 22 999.

By making additional contributions to your child's PMAS Child Trust Fund, you, your friends and family could make a real difference to your child’s future - and what a fabulous gift idea for a birthday or special occasion!

Topping up your child’s PMAS Child Trust Fund couldn’t be easier

Anyone can make additional contributions (up to £1,200 a year) and unlike some other CTF providers, with the PMAS Child Trust Fund there’s no minimum contribution.  

So why not invite your friends and family, who may ask for gift ideas for your child, to contribute with our personalised gift vouchers?

Don't forget, you can also save regularly and make lump sum payments yourself.

You can set up a Direct Debit to make regular contributions or contribute a lump sum if you prefer - as long as the total amount doesn’t exceed £1,200 per year.

And remember, you can stop, start or change your regular payments at any time. However, you cannot withdraw money from the fund once it’s invested, this can only be done by your child and only when they reach 18 - a great start to adult life.

Just follow these simple steps to give your child a great financial start:

• For regular contributions call 0845 88 22 999 and set up a Direct Debit over the phone. Alternatively you can complete and return the Direct Debit form.  If someone else wants to pay the Direct Debit, please let us know their full name and address when you return the form.

• To contribute a lump sum, complete the attached paying-in slip.
  (Your CTF Policy number is a 12 digit number and can be found on your Child Trust Fund certificate of membership. If you don't know it please call 0845 88 22 999)
• Send your cheque, made payable to PMAS Ltd with a paying- in slip to:
  PMAS
  FREEPOST
  WL391
  Lichfield
  Staffs
  WS13 6BR

Stuck for gift ideas when friends or relatives ask what to buy your child for birthdays or special occasions? Well this could be the perfect answer...

You can either print off and complete the paying-in slips or e-mail your friends and family with a personalised invitation to make an additional contribution to your child's PMAS Child Trust Fund. It couldn’t be easier.

I want to email a personalised invitation.                     

I want to print some paying-in slips.