Ringing the bell for Child Trust Funds

Parents can transfer their Child Trust Funds to Junior ISAs.

When can I transfer my child’s CTF to a Junior ISA?

From April 2015, parents whose children had CTF accounts were able to transfer out to a Junior ISA.

Child Trust Funds

Child Trust Funds were introduced by the Government in 2005 intended to be long-term tax free savings vehicles for children. New applications to Child Trust Funds were closed in 2011, however, children who already have a Child Trust Fund can continue to pay into them - up to £4,128 per year.

Lost track of your Child Trust Fund?

Lost track of your Child Trust Fund?

Every child born between September 2002 and January 2011 was given a tax free voucher of up to £250 to put in a CTF. If you’ve lost track of your child’s CTF savings, you can check where they are online on this government site. Your enquiry will be aimed to be dealt with within 15 working days.

Trace your Child Trust Fund

Junior ISAs

Junior ISAs are tax-free children’s versions of adult ISAs (Individual Savings Accounts). Junior ISAs were introduced in 2011 intended as a replacement for Child Trust Funds. The Government allowance lets you invest a total of £4,128 in a Junior ISA during the current 2017/2018 tax year.

The value of your investments can fall as well as rise, so your child could get back less than you paid in. Tax treatment depends on individual circumstances. Tax law may change in the future. Tax-free means the policy grows free of income and capital gains tax (other than tax on dividends from UK shares).

No advice has been provided by Scottish Friendly in relation to this plan. If you are in any doubt as to whether this plan is suitable for you, you should contact a financial adviser for advice. If you do not have a financial adviser, you can get details of local financial advisers by visiting www.unbiased.co.uk. Advisers may charge for providing such advice and should confirm any cost beforehand.