How to transfer a Child Trust Fund to a Junior ISA

From April 6, 2015 you will be able to transfer money saved in a Child Trust Fund (CTF) into a Junior Individual Savings Account (JISA).


Your child would have qualified for a CTF if they were born in the UK between September 1, 2002 and January 2, 2011.

In 2011, JISAs replaced CTFs and this April (2015) will be the first opportunity parents have to transfer CTF balances into these newer accounts.

It’s a good idea to make the switch as rates on JISAs (which you can find out more about here) are generally better than those available to CTF savers.

Here’s our step-by-step guide to transferring your CTF to a JISA. And don’t worry if, like many busy new parents, you totally lost track of where your CFTs are held – we’ll cover that too…

If you don’t know where your CTF is held…

Did you have a child between September 2002 and January 2011 but, didn’t get around to opening your CTF?

Well don’t worry, as the government would have opened one for you – and coughed up a starting contribution of £250 to each account.

In such cases, the £250 government contribution was automatically invested with The Children’s Mutual, which was taken over by Forester Life last year. A letter would have been sent to you informing you of this.

This is what you should do to find out where your child’s CTF money is:

  1. Try to find the letter explaining where the government contribution is invested – this would have come from The Children’s Mutual or Forester Life.
  2. If you’re unsuccessful, you can trace your CTF at HM Revenue & Customs by filling out this online form.
  3. Then transfer the funds by following the steps below.

If you DO know where your CTF is held…

Making a transfer from CTF to JISA works in the same way as moving an ISA balance from one provider to another. The only extra restriction is that you always have to transfer the full amount invested, allowing the CTF to close.

This is what to do to make the switch:

  1. Compare JISAs and choose the one you want to switch to – remembering to check that the provider you choose accepts transfers in.
  2. Inform the provider that you want to open an account. You will need to provide details of the CTF the money will come from and may have to fill in a transfer form.
  3. Wait for your JISA transfers to be completed. This will take up to 15 working days for a cash JISA or up to 30 days for transfers to stocks and shares accounts.

If you have more than one CTF…

If you want to transfer funds from more than one CTF in the same child’s name, you will have to contact each of the CTF providers to arrange transfers to the JISA of your choice. Otherwise, you simply follow the steps above…

Please note: any rates or deals mentioned in this article were available at the time of writing. Click on a highlighted product and apply direct.

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