What are my options?

What options are available to me when I turn 18?

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Continue investing

You can transfer into our BMO ISA, BMO Lifetime ISA or BMO GIA. Key information on these products can be found in the section below.
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Withdraw your investments

You can withdraw the money that’s been invested, without paying a fee.

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A combination of both

You can also transfer some of your shares into one of our adult plans and withdraw the rest.

Continue investing and keep the same fees until you're 21

Continue to invest for your future with BMO by moving into one of our three investment plans for adults with no transfer charges. We’ve also reduced the annual charge on our adult products until you turn 21, meaning you’ll benefit by keeping the same rate as the CTF (£25 + VAT) rate for up to three years. Read more on our three investment plans below.

Alternatively, you can also transfer your account to an investment plan with another provider.

BMO Individual Savings Account (ISA)


A popular, tax-efficient way to invest. There’s no tax to pay on any income you earn, and you can create an investment portfolio that’s right for you.

  • Invest up to £20,000 in the 2021/22 tax year.
  • No income tax or capital gains tax on any profits made.
  • Annual charge – £25 + VAT*

BMO General Investment Account (GIA)

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A great way for long-term investors to benefit from the potential of the stock market. Offers flexible investment options with no annual limit.

  • No investment limits
  • Great option if you’ve already maxed out an ISA.
  • Annual charge – £25 + VAT*

BMO Lifetime ISA


For those aged 18-39, a Lifetime ISA could help towards purchasing your first home up to £450,000 or retirement in later life. Benefit from tax-efficient savings as well as a government bonus.

  • Invest up to £4,000 as part of your ISA allowance.
  • Receive a 25% government bonus up to £1,000 per year.
  • Annual charge – £25 + VAT*

Withdraw your investments

Another option you have when you turn 18 is to withdraw the money that’s been invested. There’s no charge to withdraw but you wouldn’t be able to put the money back into a CTF.  If you later put the money into an ISA, it would be treated as a new subscription.

We recognise that to most 18-year-olds a house deposit, wedding costs or – even more outlandishly – a retirement pot are goals that seem a lifetime away. They practically are! Take a step back though and we firmly believe that it’s better to prioritise longer-term goals over a short term retail fix.

A combination of both

You can also transfer some of your shares into one of our adult savings plans and withdraw the rest.  Choose whatever works best for you as long as you make an election for 100% of the amount invested in your CTF.

What happens if I do nothing?

You may not know what you want to do with your account when you turn 18 or you may need more time to decide. Rest assured you don’t have to tell us your decision straight away.  Your CTF will continue as a “matured CTF” –  your account will stay in the same funds as it’s currently held in. You just can’t make any new investments or change the ones you already have.  The fees will continue at the same level as a Child Trust Fund and will be taken from the funds in the account and will depreciate the overall value of your holdings. Should the value of your holdings reach nil, the account will be closed.

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.

Ready to make an election?

If you’ve decided what you’d like to do with your matured account, visit our ‘make an election’ page where you’ll find all the details you’ll need to facilitate whatever decision you’ve made.

CTF Maturity Frequently Asked Questions

How can I find out how much is in my account?

You can register for online access to your account through our Investor Portal.  Any letters from us will have your account number on them.

Alternatively, you can contact our specialist team – our details are shown at the bottom of this page.

Already registered? Why not download the BMO UK App by searching ‘BMO UK‘ on the Apple App Store or Google Play Store to give you access to all of the below from your mobile or tablet:

  • View valuation and summary of accounts held
  • Retrieve account and fund information
  • View transaction history
  • View account cash holdings and balances
  • View primary contact details
How much is my Child Trust Fund worth?

You may have started with as much as £250 from the Government when your Child Trust Fund was opened. The current value depends on the amount of money invested from then to now, with the average BMO Child Trust Fund worth £8,000. Find out how much yours is worth by visiting the Investor Portal

Is there a minimum account I can transfer into a new account?

We want to make sure that any amount you transfer gets the best chance to work for you. As a result, the minimum balance that you need to be able to transfer into the BMO ISA or General Investment Account is £500 so you’d need to have at least that amount in your account now, or after you’ve made any withdrawal that you want to make.

If you don’t have that much, we could let you transfer over less as long as you are making a top-up payment, or setting up a regular direct debit, at the same time. To do this you’ll need to download and fill out the relevant top-up form and send it into us alongside your election form. 

Is there a minimum amount I can withdraw?

The minimum withdrawal is £100 per fund and you must leave at least £100 in the fund to keep the holding. If there is anything less than that left, we’ll sell all of your shares in that fund and send you the proceeds. 

We will only be able to process a partial withdrawal if we have also received an instruction for the remaining amount. 

What if I no longer live in the UK?

Selling shares – You can sell, and withdraw the proceeds.  We will only pay proceeds out in Sterling.  If you have a UK bank account, we can pay the proceeds directly into your bank account. If not, we will send the proceeds by cheque to your registered address.

Transferring shares – You can still transfer your shares to a BMO ISA or a General Investment Account. If you live in the USA and/or are classed as a US Person, you also need to provide proof of your tax status (see below). You can also transfer to another provider but you should check their eligibility criteria.

Making further contributions – Only UK residents, or those working for the Crown, are eligible to make further contributions into an ISA. We can accept contributions from those living overseas into a General Investment Account (unless in USA or Canada) as long as those contributions come from a UK Bank account in your name.

What if I am classed as a US Person?

We consider investors who are resident in the United States, or who are treated as residents for US tax or regulatory purposes, to be US Persons.

If you choose to transfer into a BMO ISA or General Investment Account, we’ll write to you to explain what this means to you in more detail but in summary:

  • We cannot buy any further shares for you
  • We’ll need evidence of your tax status (a W8 or W9 form) within 30 days of the transfer or we have to sell your shares.
What do you mean by tax residency?

Whilst many of our investors are simply resident in the UK for tax purposes, we can’t make that assumption.  For investors in our General Investment Account (ISAs and CTFs are exempt), we need you to confirm which country/ies you are classed as being tax resident in.

If you are only resident in the UK, you just need to write “UK” in the Country/Countries of Tax Residence box.  You can leave the Tax Identifier Number box blank in that circumstance.

If you are tax resident in another, or multiple countries, then please follow the instructions on the form.

Can I top up into the FTSE ALL Share Tracker fund?

We can transfer your existing shares into the BMO ISA or General Investment Account but you can’t currently buy any more shares in that fund.

You would be welcome to top-up, either by lump sum or monthly direct debit, into one of our range of investment trusts now.  Alternatively, in early 2021, the range of available investment options will be extending to include the FTSE All-Share Tracker Fund in the BMO ISA or General Investment Account.

Can I sell some shares now and then sell some more later?

You can’t sell some shares and leave some within the Matured CTF.  However, you can sell some and transfer the remainder into a BMO ISA or General Investment Account.  You would then be able to make withdrawals from your new account in the future. (Please note that there are dealing charges in both the BMO ISA and General Investment Account.  You can check all the details about our charges on the Key Features Documents for these accounts).

Can I sell some shares now and transfer to an account I have with another provider?

Of course. We can’t act on your sale instruction until we’ve had the transfer instruction from your new investment provider so contact them first to find out what they need you to do to transfer to them.

Can I move my investment to a Lifetime ISA?

Yes, but unlike an “adult” ISA, it does count towards this year’s annual subscription limit. The subscription limit for a Lifetime ISA is £4,000 for the 2021/22 tax year.  So, if you have more than £4,000 in your account, you’ll need to decide what to do with the rest of your investment.

Can you accept my instruction before I'm 18?

No, we can’t accept advance instructions. 

If we receive the instruction too early, we’ll return it to you so it might actually cause you more delay. 

We can accept your instruction from the date of your birthday.

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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.

*Product charges will be £25 + VAT until you turn 21, at which point you will be subject to the full annual charge for each product. ISA – £60 + VAT, GIA – £40 + VAT