I’m ready to make an election

Only when you reach 18 are you able to make an election on your account. From your 18th birthday, your Child Trust Fund will turn into a matured CTF account, meaning it will have the same benefits and charges as before, but it will be closed to any new investment. The matured CTF will remain the same as before until you tell us what you want to do with your investment.

One of the things you’ll need to do when you make an election is prove your identity and where you live. This is an important step to make sure that we know who you are and that only you have access to the funds that have built up for you. You can’t take money out of, or add money into, an account until you’ve done this.   

You may also want to send us proof of your bank details. This allows us to make future withdrawals directly into your bank account and/or set up future regular investments from that account.

If you haven’t already done this, you can find more details here.

You have a number of options for the money that’s been invested for you, these are: 
  • Continue investing with BMO through an ISA/GIA or transfer to another provider 
  • Withdraw your investments
  • Do nothing and remain in a matured CTF (no new investments can be made)

If you need more information on any of these you can visit our ‘what are my options‘ page. If you’ve made your decision on what you want to do with your investments, click the button below to download our ‘CTF Maturity Election’ form, fill it in and return it to us. Please note we cannot accept an instruction from you until you have reached 18 and your account has matured. 

Before making a decision, let’s talk about risk

The value of your investments and any income from them can go down as well as up and you may not get back the original amount invested. Tax allowances and the benefits of tax-efficient accounts are subject to change and tax treatment depends upon your individual circumstances.

Frequently Asked Questions

To verify your identity, we can accept

  • Valid passport
  • Valid photocard driving licence (full or provisional)
  • Recent evidence of entitlement to a state or local authority-funded educational or other grant
  • Most recent HM Revenue and Customs Tax Coding Notification, Assessment or Statement (dated within the last year). If you are working and paying tax, the HMRC will send you a copy of your tax coding notification on request.
  • A government-issued document that incorporates your full name and photograph and either your residential address or your date of birth.

We then need something that has been sent in the post to your residential address.   

  • A bank or debit card statement which has been issued within the last three months (but not ones printed off the internet). If you don’t normally get these sent in the post, if you contact your bank, they can usually send you a one-off statement.
  • Utility bill issued within the past three months (but not ones printed off the internet)
  • Valid photocard driving licence (full or provisional)*
  • Recent evidence of entitlement to a state or local authority-funded educational or other grant*
  • Most recent HM Revenue and Customs Tax Coding Notification, Assessment or Statement (dated within the last year)*
  • A government-issued document that incorporates your full name and photograph and either your residential address or your date of birth*

* We need two documents so you can’t use the same document to confirm both your identity and your address.

To verify your bank details, we need something from your bank which has your sort code, account number and account name printed on it e.g.

  • A bank statement which has been issued within the last three months (but not ones printed off the internet). If you don’t normally get these sent in the post, if you contact your bank, they can usually send you a one-off statement.  We can accept the same statement as both proof of your bank details and proof of your address.
  • A voided cheque (in other words, one that you have scored through and written VOID across it so that nobody could use it)
  • A pre-printed pay-in slip

We don’t recommend that you send us originals of personal documents in the post.  However, you can send us certified copies instead. 

Certified means that the person who copies your original document needs to confirm that they have seen the original document(s).    

To certify a document, the certifier takes a copy of the document.

On each page they need to include

  • The statement (it can be stamped or handwritten) “I hereby certify this is a true copy of the original”
  • The date (the certification must be within the last 6 months)
  • Their signature
  • If the copy of your photographic identification (e.g. passport) is not clear, they should also state that it is a good likeness of you.

They also need to provide their full name and designation (e.g. job title), badge/reference/registration number if applicable and clearly note their full address details and telephone number. This is because we need to be able to separately confirm their identity e.g. through a professional register.  

We can only accept documents certified by people with certain professions.   They cannot be someone related to you.  They could be a family friend and they need to be currently practicing (e.g. not retired)

The certifiers we can accept are:

  • A judge or a magistrate
  • A senior civil servant
  • A serving police or customs officer
  • A commissioner for oaths
  • An officer of an embassy, consulate or high commission of the country or territory of issue of documentary evidence of identity
  • A lawyer, notary public or legal executive who is a member of a recognised professional body
  • An actuary who is a member of a recognised professional body
  • An accountant who is a member of a recognised professional body
  • A member of the Institute of Chartered Secretaries and Administrators
  • A director or officer (working within the Legal or Compliance office) of a regulated financial firm
  • The UK Post Office certification service, with details of the individual certifier

The certifier should sign and date each document, and state on each document

  • Their name, address and telephone number
  • The capacity in which they are certifying the documents
  • Their firm if applicable
  • Their badge/reference/registration number if possible

Unlike when you apply for a passport, the person certifying your documents doesn’t need to know you personally.

If you don’t know someone that you can ask either personally or professionally, the Post Office offer a certification service for a small fee.

We don’t recommend that you send us originals of documents such as a passport or drivers’ licence in the post.  However, you may feel more comfortable sending us original documents such as tax notices or bank statements.

The account will remain open and any funds already received will remain invested. You can transfer to another account within BMO.  However, you cannot add further payments to or withdraw funds out of the account (including transferring to another provider).  Online access to your account may also be restricted.

If we don’t have proof of your bank details, then if you make a withdrawal, we send the proceeds to you by cheque to your registered address.

Please send them to us in the post to:

BMO Asset Management Ltd
PO Box 11114
Chelmsford
Essex
CM99 2DG

You can send them in at the same time as the “Update my Contact Details” form above but if you are sending them separately, then please make sure that you provide your account number.

Helpful Articles

No posts matching your criteria

Got questions?

Give us a call on

Lines open 8.30am to 5.30pm weekdays, calls may be recorded or monitored for training and quality purposes.

Email us at

“I was completely happy with the entire process your colleague was very clear. I had no unanswered questions so thank you very much.”

John, London

Information in this section of the Website is directed solely at persons who are located in the UK and can be categorised as retail clients. Nothing on this website is, or is intended to be, an offer, advice, or an invitation, to buy or sell any investments. Please read our full terms and conditions and the relevant Key Information Documents (“KID”) before proceeding further with any investment product referred to on this website. This website is not suitable for everyone, and if you are at all unsure whether an investment product referenced on this website will meet your individual needs, please seek advice before proceeding further with such product.

Confused? Our handy glossary can help explain investing terms.