What are my options?

What options are available to me when I turn 18?

Continue investing

You can transfer into our BMO ISA or BMO GIA. Key information on both of these products can be found in the section below.

Withdraw your investments

You are able to withdraw the money that’s been invested, without paying a fee.

Do nothing

Your CTF will continue as a “matured CTF” –  your account will stay in the same funds as it’s currently held in but you can’t make any new investments.

Continue investing

Continue to invest for life’s big moments, such as further education, house deposit or a rainy day with BMO by moving into one of our investment plans for adults.  Transferring into the BMO Individual Savings Account (ISA) keeps the tax benefits of your Child Trust Fund and you are still able to invest your full annual ISA subscription allowance on top of the amount transferred.  However, if our ISA isn’t the right choice for you, then we also offer the BMO General Investment Account (GIA). Read more on the BMO ISA and BMO GIA below.

Alternatively, you can also transfer your account to a 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 this tax year.

  • Tax-efficient investing
  • Invest in the long-term potential of the stock market
  • Access all 10 of our investment trusts
  • Tailor it to suit your needs
  • Flexible investment options

BMO General Investment Account (GIA)

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 limit
  • Access all 10 of our investment trusts
  • Growth and income strategies
  • Flexible investment options
  • Tailor it to suit your needs

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.

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

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 click here to download or search ‘BMO UK‘ on the Apple App 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

Please note, further upgrades will be coming to the app and it will be available on the Google Play Store soon.

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. 


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. 

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.

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.

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.

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.

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).

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.

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 2020/21 tax year.  So, if you have more than £4000 in your account, you’ll need to decide what to do with the rest of your investment.

BMO don’t currently offer a Lifetime ISA but we expect to offer one during 2021. If you want to transfer to a Lifetime ISA before this, please contact your chosen provider for their transfer form.

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.

Why choose BMO?

Benefit from our expertise

Our experienced fund managers make informed investment decisions for you. We invest in a range of equities, bonds, property and private equity and have been helping customers since 1817 and manage over 145,000 UK accounts.

Investment trust options

Whether you’re looking for growth or income, create an investment portfolio that meets your needs, with our 10 Investment Trusts.

One of the World’s Most Ethical Companies

We’re recognised by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as one of the World’s Most Ethical Companies for the third year in a row in 2019.

Got questions?

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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.