Child Trust Fund

Transfer your existing CTF to BMO

What is a Child Trust Fund?

Did you set up a Child Trust Fund (CTF) for the child in your life? Between 1 September 2002 and 4 January 2011, every new parent in Britain was given a payment voucher up to £250 to set up a CTF. These long-term tax-efficient investment accounts are fully accessible by the child when they reach 18 so many will soon start to mature. Now is the time to decide what to do next, why not continue the investment journey with BMO?

BMO Child Trust Fund
A Child Trust Fund is a tax-efficient investment account that shelters the growth on income from the taxman, specifically set up for the child in your life.

Keep investing for their future

In uncertain times, it makes sense to keep investing in the future. You can build a nest egg for your child by investing from as little as £10 a month (less than £1 a day) or invest a lump sum of £10 to top up a stakeholder account or £100 for a shares account. Choose the way that best suits you.

Our investment trusts invest in a range of asset types in the UK and globally. These include equities, bonds, property and private equity. These investment trusts all benefit from the skills and expertise of our team of fund managers. 

Grandparents, godparents, friends and relatives can all add money to your little one’s investment pot. Great for birthday or Christmas gifts.

You won’t pay tax on income or capital gains in the BMO Child Trust Fund and neither will your child. This means your child can make more of the money you’ve invested. The annual subscription limit is £4,368 for 2019/20.

Your child’s Child Trust Fund may be in a cash account earning low interest. Transferring to the BMO Child Trust fund is simple. All you need to do is complete the Child Trust Fund transfer application form. You can also now transfer your Child Trust Fund to a BMO Junior ISA. Complete the Child Trust Fund or Junior ISA transfer to the BMO Junior ISA form. 

Take advantage of the benefits that investing in the stock market can offer with the potential for long-term capital growth. Capital isn’t guaranteed as it is in a cash account but historically equities have significantly outperformed cash over the long term.

If you have a CTF with another provider you can easily Transfer to BMO. If you don’t have a CTF, you may wish to open a Junior ISA.

What’s the difference between a Child Trust Fund and a Junior ISA?

Junior ISAs were introduced in 2011 after the Child Trust Fund (CTF) Scheme closed. Up to £4,368 per year can be invested into a Junior ISA without tax being paid on any interest or gains.

All children under the age of 18 that did not qualify for a CTF can open a new Junior ISA and savers with an existing CTF can now transfer this to a Junior ISA.

No, you do not have to, but you are free to transfer your CTF investments to a Junior ISA.

Existing CTFs remain unaffected and you can continue to save as usual if you choose not to transfer to a Junior ISA. If you do decide to transfer, please be aware that the BMO FTSE All-Share Tracker Fund will no longer be available to our stakeholder customers as this fund is not available within the BMO Junior ISA.

No, you can’t hold both accounts for the same child.

No, the account is set up for the child. As with the CTF, only they can access the money and only after they turn 18.

The Junior ISA and CTF both transfer into an adult ISA in the child’s name, so they can keep saving if they wish.

No you will be able to transfer the total amount in your CTF account to a Junior ISA.

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.

Why should you trust BMO with your investments?

Investment expertise

Our experienced fund managers make informed investment decisions for you. We invest in a range of equities, bonds, property and private equity.

Investment trust options

Whether you are looking for growth or income you can create an investment portfolio that meets your needs.

Tax-efficient investments

You won’t pay tax on income or capital gains in the BMO Child Trust Fund and neither will your child.

Get all the information you need about how to invest

[i] Before investing, please make sure you read the Key Features and Terms & Conditions, the relevant Key Information Document and Pre-Sales Disclosure documents (Stakeholder or Shares). All of which can be found on our documents page.

Transferring is easy

Whether you choose to continue with your Child Trust Fund or decide to go for a Junior ISA, it’s simple to transfer to BMO and keep investing in the future. Find out more about why you should choose BMO.

Transfer to BMO’s Child Trust Fund

Your CTF may be in a cash account or with another provider. Just download and complete one form for all the benefits of investing with BMO.

Transfer to BMO’s Junior ISA

A Junior ISA could be the best next step in your investment journey. And it only takes one form to switch.

Able to access your CTF soon?

It’s my CTF account

If you’re over 16 then you can take control of your account. Once you’re 18 you can decide what to do next.

It’s my family members’ CTF account

Want the child in your life to continue their investment journey? Let us guide you through the best options available.

Helping you grow a nest egg for your child

Our Child Trust Fund is a tax-efficient way to invest for your child over the long-term.

A CTF lets you access the stock market through our range of investment trust options. The maximum allowance for the tax year 2019/20 is £4,368.

Note: You can’t open a new CTF because it has been replaced by the Junior ISA. You can transfer an existing CTF to BMO.

Transferring your CTF to BMO

Your child’s CTF may be in a cash account earning low interest. Transferring to the BMO Child Trust Fund is simple. All you need to do is complete the CTF transfer application form. You can also now transfer your Child Trust Fund to an BMO Junior ISA by completing the CTF to BMO Junior ISA form

Why choose BMO

An ethical approach

We’ve been managing money for 150 years for a wide range of customers and we know that peace of mind is important to you and your family, so we’ve designed a range of investment plans with the aim of fulfilling varying investment objectives and attitudes to risk.

Team of experts

With over 20 offices in 14 countries around the world, our people can combine global and local knowledge to help you achieve your investment goals.

Our awards

We’re delighted to have won the ‘Best Children’s Investment Provider’ for the 8th year in a row, as nominated by the readers of What Investment magazine.

Give us a call on

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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.