Well this is exciting
You’re about to get a first look at your Child Trust Fund by creating an online account.
But first, let's look at how your CTF is going to change.
You'll have three simple options
At 18, your CTF will mature and you'll be able to move money into three options:
Stocks and Shares ISA
The flexible future option
Lifetime ISA
The future homeowner option
Withdrawal
The spend-it-now option
A popular choice is to do a mix of all three
Choosing the right option for you
| Option | Best for someone who... | How much can I put in? | How little can I put in? |
|---|---|---|---|
| Stocks and Shares ISA |
|
As much as you like | £1. You can withdraw the rest or move it into a Lifetime ISA. |
| Lifetime ISA* |
|
Up to £4,000 a year | £1. You can withdraw the rest or move it into a Stocks and Shares ISA. |
| Withdraw some money |
|
As much as you like | £1. You can move the rest into a Stocks and Shares ISA or Lifetime ISA. |
* You’ll get an extra 25% on top of everything you pay into a Lifetime ISA. This government bonus is to help you buy your first place.
| Option | Best for someone who... |
|---|---|
| Stocks and Shares ISA |
|
| Lifetime ISA* |
|
| Withdraw some money |
|
| Option | How much can I put in? |
|---|---|
| Stocks and Shares ISA | As much as you like |
| Lifetime ISA* | Up to £4,000 a year* |
| Withdraw some money | As much as you like |
| Option | How little can I put in? |
|---|---|
| Stocks and Shares ISA | £1. You can withdraw the rest or move it into a Lifetime ISA. |
| Lifetime ISA* | £1. You can withdraw the rest or move it into a Stocks and Shares ISA. |
| Withdraw some money | £1. You can move the rest into a Stocks and Shares ISA or Lifetime ISA. |
* You’ll get an extra 25% on top of everything you pay into a Lifetime ISA. This government bonus is to help you buy your first place.
Creating your online account
If you're 16 or over, you can create an online account. Before then, your parent/legal guardian will need to.
What you’ll need to register:
- Your National Insurance number
- A driving license or passport
Find out more in our complete guide to CTF maturity.
You can create an online account now while you give it some thought.
Don’t have driving license or passport?
If you don't have a driving license or passport don't worry.
You can withdraw money by simply asking us to post you a cheque – but please first make sure we have the right address for you in your online account.