Child Trust Fund

Transfer your existing CTF to BMO

Helping you grow a nest egg for your child

Our Child Trust Fund is a tax-efficient way to save 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Note: You can’t open a new CTF because it has been replaced by the Junior ISA.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.

What our Child Trust Fund offers you:

  • Tax-efficient savings
  • Long-term potential for stock market investing
  • A range of 10 investment trusts
  • Invest with as little as £10 per month

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.

What is a Child Trust Fund?

A Child Trust Fund is a long-term investment account that provides tax-sheltered income growth for the child in your life.

Watch our video to find out more.

BMO Child Trust Fund CTF
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.

Why choose a Child Trust Fund?

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 savings

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

How to invest

Opening a new BMO account or topping up your existing account is easy. Get all the information you need about how to invest.

Get started now

To transfer your CTF account to BMO click the download button below, fill out the form and return it to us.

Our 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.

Frequently asked questions

What are the fees?
  • Annual charge: £25 + VAT (Shares) or 0.7% (Stakeholder)
  • Government stamp duty of 0.5% also applies on purchases of UK shares only.

Please make sure you read the pre-sales costs disclosure before you invest. You will need to sign a declaration on our forms that confirms you have read it.

Invest from as little as £1 per day – you can build a nest egg for your child by saving from as little as £10 per month (£25 for shares account), that’s less than £1 a day. Or invest a lump sum of £10 for stakeholder account or £100 for shares account. You can top up your child’s account in the way that best suits you.

Access all 10 of our investment trusts – 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.

The whole family can take part – grandparents, godparents, friends and relatives can all add money to your little one’s savings pot. Great for birthday or Christmas gifts.

Tax-efficient investments – 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 saved. The annual subscription limit is £4,368 for 2019/20.

Transferring is easy – 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 an BMO Junior ISA. Complete the Child Trust Fund or Junior ISA transfer to the BMO Junior ISA form. For more information please see the Questions and Answers document we’ve pulled together to help you understand the changes.

Invest in the long-term potential of the stock market – 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.


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.

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.

Transferring the Child Trust Fund is quick and straightforward. Simply complete the CTF Transfer application form.

The government has updated the rules and since April 2015 it has been possible to transfer your Child Trust Fund (CTF) to a Junior ISA.

Find out more about the updated rules

To transfer an existing BMO CTF to a BMO Junior ISA, please complete the Transferring from a BMO Child Trust Fund to the BMO Junior ISA form.

To transfer a CTF with another provider to a BMO Junior ISA, please complete the Child Trust Fund or Junior ISA transfer to the BMO Junior ISA form.

What is 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.

Who is eligible for a Junior ISA?

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.

Do I need to transfer my CTF to a Junior ISA?

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

How will this change impact my existing CTF?

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.

What’s the difference between the BMO CTF and a BMO Junior ISA?

Can I invest in both?

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

Can I access the money paid into a Junior ISA?

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.

What happens when my child reaches age 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.

If I transfer, will I lose my initial government CTF voucher?

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

*Charges do not apply to the reinvestment of dividends and/or monthly instalments

 **Whilst it’s possible to switch existing shares in the cash Deposit account, it’s not an investment option for new subscriptions.

All children living in the UK and born between 1 September 2002 and 4 January 2011 are entitled to a Child Trust Fund.

The Government are no longer issuing Child Trust Fund vouchers but have issued vouchers up to £250 to initiate Child Trust Fund accounts in the past and may also have made additional payments depending on your circumstances.

The maximum that can be invested annually in the 2019/20 tax year is £4,368 and you can invest from as little as £10 a month for the Stakeholder version and from £25 for the Shares version.

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.

Until your child reaches 16 you can choose the type of investments held in the Child Trust Fund. From 16, to help your 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.

No. When your child turns 18, they will have full access to the money to put towards a car, house or university fees, or to spend however they wish. Alternatively, they can leave the money invested until a later date, though the account will stop being a Child Trust Fund on your child’s 18th Birthday.

Neither you nor your child will pay any income or Capital Gains Tax in the Child Trust Fund, so your child can make more of the money saved.

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.