The Share Foundation is a registered charity that has been asked by the government to manage the Junior ISA (JISA) and Child Trust Fund (CTF) schemes for children and young people in care (known as 'Looked After') on behalf of the Department for Education.
Visit the Share Foundation website
Your Child Trust Fund (CTF)
The CTF scheme applies for children born between 1st September 2002 and 2nd January 2011. If you were born between those years, you are likely to have a CTF.
If you do not know if you have a CTF, check with your social worker or advisor in the Leaving Care Team and they should be able to tell you.
When you reach 16 years old, you can take control of your CTF account, but you can not access the money until you are 18 years old. However, if you do take control of the account and The Share Foundation are managing it, they would no longer be able to process any donations to your account that may be received.
For further information visit: What is a child trust fund? (opens a link on the Share Foundation website)
Your Junior ISA (JISA)
The Government has contributed £200 for each eligible looked after young person to have a JISA, if they do not have a CTF.
If you do not know if you have a JISA, check with your social worker or advisor in the Leaving Care Team and they should be able to tell you.
For further information visit: What is a Junior ISA (opens a link on the Share Foundation website)
What changes now I am 18?
When you become 18 years old, you are entitled to access the funds in your JISA or CTF. For the JISA, you can then choose, for example whether to invest in a regular ISA or draw out the money. If you make no decision, the JISA will automatically become an adult ISA in your name.
What do I have to do to access my JISA or CTF account?
As you approach 18, you should receive a letter from The Share Foundation, via your Leaving Care Team explaining how to access your JISA or CTF account.
If you do not receive this letter, please follow up with your social worker or personal advisor in the Leaving Care Team.
How can I see how much money is in the JISA or CTF account?
Regular JISA and CTF valuations are sent to the Leaving Care Team, so you may be able to obtain this information from your social worker or personal advisor.
Can I get advice and support on how to understand my money better as part of the scheme?
Yes. The Share Foundation offer a tailor-made programme for looked after young people and care leavers up to the age of 25 to develop financial know-how, improve literacy and numeracy skills and to help you to be better placed to achieve your aims in adult life.
Stepladder of Achievement
The Stepladder of Achievement is an online learning tool for 15-25 year olds to develop financial know-how and for making plans for your future. It has six Steps for you to work through. And it’s free for you to use!
When you complete all 6 steps, you’ll receive a certificate of completion.
The Stepladder of Achievement connects you with a mentor who can help you make your plans happen.
If you are aged 15 to 17 and have been in care for 12 months or more, you can apply for Stepladder PLUS.
Stepladder PLUS offers safe, online learning about managing your money and planning your future. It has six Steps for you to work through. And it’s free for you to use!
If you’re eligible for Stepladder PLUS, you earn money for each step you complete. This is paid into your Junior ISA or Child Trust Fund.
The care leavers team should be able to provide more detailed information on this programme and whether you would be eligible for incentivised Stepladder Plus – which would depend on funding being available.
In addition, a programme of financial education support is available to you. Resources for young people in care, as well as local authorities, corporate parents and carers have been developed by Young Money and are available on the Young Money website.
Is it possible to contact The Share Foundation and get further information?
Visit the website
Contact by telephone: 01296 310 400
Contact by email: firstname.lastname@example.org
To submit a message via their website.
To write: The Share Foundation, Elsinore House, 43 Buckingham Street, Aylesbury, Buckinghamshire HP20 2NQ.
Please note that The Share Foundation are only able to provide general information. For specific account information, you would need to contact your local authority.