BMO Child Trust
Fund

Helping you grow a nest egg for your child

Our Child Trust Fund (CTF) 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 current yearly allowance which begins on your child’s birthday is £9,000.

You can’t open a new CTF because it has been replaced by the Junior ISA.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

Managing your existing account online

Our investor portal offers a quick and easy way to manage your existing CTF. You can set-up a monthly direct debit or invest a lump sum using your debit card. You can also check the current value of your CTF and change the funds you’re investing into.

Alternatively, you can invest into your CTF by downloading a top-up form and sending it into us by post.

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 transfer to a BMO Child Trust Fund?

Investment expertise

We can trace our investment roots back to 1868, when F&C Investment Trust, the world’s oldest collective investment fund launched, and have been adding to our offering ever since.

What happens to a CTF when it matures?

Parents of CTF holders

Find out what options are available to your child once they reach the age of 18.

Turning 18 soon

Find out what options are available to you as you near your 18th birthday.

Invest in a BMO Child Trust Fund through our 10 investment trusts

With a BMO Child Trust Fund you invest through our diverse range of Investment Trusts. Our 10 investment trusts provide a range of investment opportunities, including access to equities, bonds, property and private equity.

Each trust has different goals and strategies. You can select a trust that aims for capital growth, income, or both. Some have a specific regional focus, while others take a global approach.

Please see the Key Information Documents (KIDs) for further details on the risks for each trust. View the latest performance of our Investment Trusts.

How to transfer your CTF to BMO

Whilst no new CTF’s can be opened, transferring an existing CTF to a BMO is easy. Get all the information you need about how to transfer.

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).

A cost-effective way to invest

Invest from as little as £10 for a CTF Stakeholder and £25 for a CTF Shares account with no dealing charges. 

There’s a fixed rate annual charge of £25 + VAT for the BMO CTF Shares account and a 0.7% charge on the value of your account for the CTF Stakeholder account. Government stamp duty of 0.5% applies on purchases of UK shares.

Make sure you read the pre-sales costs disclosure before you invest.

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More information

The Key Features gives full details about how the BMO CTF works and you should read this before investing.  However, here are the answers to some questions you may have if you are considering opening a BMO CTF.
What's the difference between a share or stakeholder account?

Which account is right for me?

Share account – 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. 

Stakeholder account – this only gives you access to the BMO FTSE All-Shares Tracker Fund. There are also some other differences between the two accounts, as highlighted in the table below.

What's the difference between a share or stakeholder account?

Grandparents, godparents, friends and relatives can all contribute to your child’s Child Trust Fund by using our Child Trust Fund top-up form. Only the Registered Contact is allowed to make investment decisions. 

What is lifestyling?

Lifestyling was a feature of the Stakeholder CTF. It means the shares held in the account were sold gradually so that, by the time the child reaches 18, all the funds were held in cash.

It was originally mandatory for all Stakeholder providers to offer the feature but in 2017, the regulations were changed and it became optional. BMO opted not to implement the feature, for new or existing customer.

Can I make withdrawals from the Child Trust Fund?

No, any money in your child’s Child Trust Fund (whether a Government contribution or a contribution from your, family members or friends) belongs to your child and will be locked in until they turn 18. At this point your child can choose what to do with the Child Trust Fund.

Who has control over the account?

Until the child reaches 16 the parent who opens the account (Registered Contact) can choose the type of investments held. From 16, to help the child develop a more thorough understanding of how savings work, they can control the investment decisions should they wish – though they cannot make any withdrawals until they reach 18.

Got questions about the BMO Child Trust Fund?

*CTF Shares account only.

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.