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Essential maintenance.

Due to essential maintenance, you may currently be unable to access your account details or our application process. We apologise for this inconvenience.

What are Child Trust Funds?

Child Trust Funds (CTFs) were a type of tax-efficient saving and investment plan available for most UK citizens born between 1st September 2002 and 2nd January 2011.

Parents were given a Child Trust Fund investment voucher by the UK government for their child.

How CTFs were set up

Parents were asked to open a Child Trust Fund with the voucher, but if they didn’t get around to doing it, the government invested the voucher on the child’s behalf. That’s why many people don’t know they have a Child Trust Fund.

The money can only ever be accessed by the child the account was opened for and only when they turn 18.

If you hold a CTF with us, and we hold up-to-date contact details for you, you’ll receive a pack explaining your options in the run up to your birthday.

Can parents still contribute?

Parents can’t open a new Child Trust Fund anymore, but can open a Junior ISA. Existing Child Trust Funds can still be contributed to, or there's the option to transfer the child's funds to a Junior ISA.

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Your options when you turn 18

On your 18th birthday, you’ll have complete control over what you do with the money in your Child Trust Fund.

If we hold your CTF, and you’ve decided your next move, you’ll be able to log into your account and get started via our My Plans online servicing.

Don’t worry if you’re not sure, we're on hand to help and you can leave your money invested while you decide.

1. Withdraw in full

Take all your money out now to spend how you like

2. Mix and match

Keep some of your money invested and take some out to spend now

3. Invest for your future

Resist temptation and invest all your money for a future goal

What happens when the Child Trust Fund matures?

If you hold a Child Trust Fund with us, provided we have up-to-date details for you, you’ll receive a letter explaining your options in the run up to your birthday.

If you haven't received a letter yet, don't worry, it will arrive about two weeks before your Child Trust Fund is due to mature.

If we don't hold the correct contact details for you, please contact us using the details below in order for this to be updated.

Received a maturity letter from us? Here's what you need to do:

1

Register for My Plans

You'll need to register for MyPlans to manage your Child Trust Fund online and fill out a security check form - we just need a few details to make sure it's really you.

2

Confirmation email

We'll email you to let you know when the check has been completed and you're good to go.

3

Manage your money

Make your decision about what to do with your money. Thinking about transferring to an ISA? Once you're registered for MyPlans you can apply for a My Choice (ISA) or you can take your money or do a bit of both!

4

Get started

Log in and get your ISA transfer, money withdrawal, or a combination of both underway. No matter which option you choose, you'll need to have a bank account in your own name.

Child Trust Fund Register

Scottish Friendly have joined the new Child Trust Fund Register, which will enable young people to find their CTF more easily.

CTF register

Child Trust Fund Terms & Conditions

Read our terms and conditions for more details.

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Got questions? Get in touch

Our Glasgow-based Customer Service team is available to help you. Find out how to email us, write to us or speak directly to a member of the team below. Whatever your query, we'll provide a friendly greeting and our best customer care.

You may be able to find the answer to your question in our CTF FAQs section below.

Call us

(UK) 0333 323 5433 or (Eire) 3531 800 816 736.

For Canada Life customers please call 0330 135 9539.

Lines are open 8.30am-5.30pm, Monday to Friday. 

For Mobius Life customers please call 01733 353405, Monday to Friday 9.30am to 4pm.

Calls may be monitored for quality and feedback purposes.

Contact form

Send us a message with your questions or feedback by completing our online contact form.

Write to us

Scottish Friendly Assurance Society Ltd

Galbraith House

16 Blythswood Square

Glasgow

G2 4HJ

FAQs

Below you’ll find answers to some questions about CTFs.