What are Child Trust Funds?

Child Trust Funds (CTFs) were a type of tax-efficient saving and investment plan available for children 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 – worth between £50 and £750 (depending on your circumstances and date of birth).

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, 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.


What happens when the Child Trust Fund matures

If you hold a Child Trust Fund with us, 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.

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.

Once you’ve decided your next move, you’ll be able to log into your account and get started via our My Plans customer zone.

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

Child Trust Fund Register

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

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


G2 4HJ


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

Proud to be a mutual

Scottish Friendly isn’t just another financial services provider. We’re a mutual. Your interests are ours.

That’s because, unlike most financial organisations, we don't have shareholders to pay. You’re what matters most.

Plus, we’re not just friendly to our customers. We’re friendly to our communities and the world around us.