Child Trust Fund to Junior ISA transfers
If your child is under 18, you can transfer their Child Trust Fund to a Junior ISA. It's a low-cost, tax-efficient way of saving for their future.
We offer a stocks and shares Junior ISA with a great range of benefits:
Remember that when you transfer a CTF to a Junior ISA, you'll be responsible for investing the money. Not sure which investments to pick? Our range of expert investment ideas can give you a helping hand.
It's also important to remember that the value of investments can change, and you could lose money as well as make it. How you’re taxed depends on your circumstances, and Junior ISA and tax rules could change.
Transferring your Child Trust Fund
To transfer a CTF to us, you’ll need to open a Junior ISA. It’s a simple online process that takes under 10 minutes. You’ll be asked to provide details of the CTF you are transferring (including the child’s Unique Reference Number), and will need to complete and post us a Child Trust Fund to Junior ISA transfer form.
As your child can't hold a CTF and Junior ISA at the same time, you'll need to fully transfer – and then close – their CTF. Only the registered contact of a CTF can request to transfer the account, and the same person must also be the registered contact for the new Junior ISA. If the registered contact's details don't match, the CTF provider will reject the transfer, causing a delay.
Can I transfer a matured Child Trust Fund?
Once your child turns 18 and their CTF matures, they can choose to transfer it to an adult ISA so their money stays tax-free. Transferring to a Stocks and shares ISA won't use up any of their ISA allowance. Transferring to a Lifetime ISA will use up their £4,000 LISA allowance, but earn them a 25% bonus on the money. Learn more about transferring a matured Child Trust Fund.