What is a Child Trust Fund (CTF)?

A Child Trust Fund (CTF) is a long-term tax-free savings account for children. The UK government introduced the Child Trust Fund scheme with the aim of ensuring every child has savings at the age of 18. All eligible children born between September 2002 and 2nd January 2011 received an initial subscription from the government in the form of a voucher for at least £250 to save in a CTF.

What are the benefits of transferring a CTF to a Junior ISA by the Children’s ISA?

Since the Junior ISA replaced the Child Trust Fund it has been a defunct product. There has been less competition, less innovation and lower interest rates compared to the newer version.

The Children’s ISA products have no hidden fees all our fees are clearly documented for each investment fund. Many CTFs have an initial charge, an annual expense or charge and also bid/offer spread as well, which are not always well documented., this is particularly the case in friendly societies CTF accounts.

At the Children’s ISA we offer wider investment choices and cater for different investment approaches and for all different types of saver.

How do you transfer your CTF to a Junior ISA?

If you have decided to transfer to a Junior ISA the process is very simple.

1. Download the Children’s ISA application form

Download Here »

2. Complete the Children’s ISA application form and also the Child Trust Fund Transfer form.

3. Post the form to The Children’s ISA Ltd, 5th Floor, 1 Lowry Plaza, The Quays, Manchester, M50 3UB.

How long does it take to transfer the account from a CTF to a Junior ISA?

Once we have received your completed form it will take roughly 2 weeks for us to contact the CTF provider and request the money be transferred into the Junior ISA account.