Child Trust Funds

Take control of your future

What will you do with your investments?

When you turn 16 you take over responsibility for your Child Trust Fund. You’ll be able to review your current investments and potentially change where your money is invested but won’t be able to withdraw any money until you’re 18.

From the age of 18, you have full access to the CTF account. Continuing to invest could allow you to potentially grow your investment pot to help achieve those future goals. Alternatively you could withdraw some or all of the money that’s been invested to help you in the short term.

If you want to keep investing then BMO offers plenty of options to help make the most of your money.

I'm turning 18 or will be soon. What are my options?

Continue my investment journey through an ISA or GIA

Maybe it’s a first home, or money to help you after university: if you decide to invest in your future with BMO, you have two options. You can transfer your CTF to either an Individual Savings Account (ISA) or General Investment Account (GIA).

Make a withdrawal from my CTF

Once you turn 18, you could choose to withdraw some or all of the money invested in your CTF.

Do nothing

The Government has yet to confirm what will happen to your CTF if you choose not to convert to an adult product or withdraw the money invested. Check back here for updates on the Governments decision. 

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.

Over 16 but not 18 yet? Put your trust in BMO

You can still transfer your CTF account to BMO and begin controlling your investments.
Why should you choose to invest with BMO? Here’s a few good reasons


In 2018, BMO was named one of the World’s Most Ethical Companies and ranked the second most reputable among US banks.

Award winning

Best Junior ISA provider – Online Personal Wealth Awards 2019.


BMO is over 200 years old and was Canada’s first bank.

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.

What fees are associated with a Child Trust Fund?

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 Cost & Charges Disclosure before you invest. You will need to sign a declaration on our forms that confirms you have read it.

Yes, you can switch your investment between trusts at any time. If you’ve registered for our online service and are the only account holder you can make the change yourself online. If not you can also use the Change of Investment Instructions form on our website or obtain a copy from our Investor Service Team.

A summary of the available funds, their objectives and recent performance can be found in our Investment Trust guide. You can also find fund details and performance details in the investment trust section of our website. We’re not able to recommend a trust for you so if you are unsure, you should speak to a professional financial adviser.

We will acknowledge receipt of your request in writing. We will then carry out the sale, and purchase of the new shares, on the next dealing day (this is usually the next business day). We will then write to you with details of the transactions and your new holdings – you will normally receive this within ten working days of your original request. 

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.

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.

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.


  • Annual charge – £60 + VAT
  • Dealing charge – 0.2% on sales and purchases
  • Government stamp duty of 0.5% also applies on purchase of UK shares only


  • Annual charge – £40 + VAT
  • Dealing charge – £12 postal instruction or £8 per online instructions
  • Government stamp duty of 0.5% also applies on purchase of UK shares only

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“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.