You can become the registered contact for your OneFamily Child Trust Fund (CTF) from the age of 16. Then, at 18, you can decide what you’d like to do with the money in your account.
Here's the steps you need to take to get your hands on your CTF.
Step 1: Find your child trust fund (CTF)
If you already know that your Child Trust Fund is held with OneFamily then skip this step. If you're not sure which provider is looking after it, our child trust fund finder might be able to help.
We now look after a lot of CTFs that were originally opened with different providers so we might have yours.
Step 2: Register for an online account and download Yoti
You can do this as soon as you turn 16. But before your 16th birthday, someone with parental responsibility will need to be the registered contact – usually your parent or legal guardian. They can create an online account to see your OneFamily Child Trust Fund and pay money in, but they’ll never be able to withdraw money from it.
It's also a good idea to download and set up digital ID app Yoti as you'll need to use this to prove who you are if you decide you'd like your money transferred to your bank account when you turn 18.
Step 3: Consider your options
If you’re not yet 18, take this time to think about what you’ll do with your money when you’re able to access it.
You can choose to invest your money to give it a chance to grow or spend it all straight away. Or you could let yourself have fun with some of the money but keep the rest invested and safe from temptation.
Step 4: Tell us what you’d like to do
Once you’re 18, the choice is yours.
You’ll need to log into your OneFamily online account where you can move your money into a Stocks and Shares ISA or a Lifetime ISA, or withdraw it either by bank transfer or by asking us to post you a cheque.
If you’ve not yet decided, it’s ok to do nothing! Your money will stay invested in your CTF while you decide.
