Can I move an old Child Trust Fund?

13 July 2017

Question by Suzanne

Can I move an old Child Trust Fund?

Answered by Holly Mackay


In 2015 changes came in that meant that as the parent you now have the choice of transferring to a junior ISA if you wish.

This was a victory to parents for these babies born between September 2002 and January 2011, as Child Trust Funds (CTFs) were a great idea but pay worse rates than junior ISAs, available for children born outside these dates.

Both accounts allow up to £3,840 to be saved tax-free. CTFs were set up with Government vouchers of between £50 and £250, but parents are not given vouchers to fund junior ISAs.

Money in a CTF or a junior Isa cannot be withdrawn until the child's 18th birthday.

Hope this helps,


Answered by

Holly Mackay

Founder and CEO of Boring Money

I’ve worked in investment markets for over 20 years. I started out at Merrill Lynch Investment Management and worked at a few big names before setting up my first business in 2008.