At 18, you'll be able to log into your online account and tell us what you’d like to do with the money in your Child Trust Fund (CTF).
- If you're 18 and know what you want to do already, log in here.
- If you'd like to hear more about your options, keep reading.
Your options when your Child Trust Fund matures
We can’t tell you what's best for your matured Child Trust Fund, as that's down to you to decide. But we can explain the three options you can choose between and your choices when it comes to reinvesting.
Keep investing for your future
Moving your money into one of our ISAs (via your online account) means it'll stay invested and has the potential to grow into a fund that could support your next chapter, whatever that turns out to be.
Invest some, spend some
You have the option to take some money out now and keep the rest invested for the future in one of our ISAs.
Stop investing
You have the option to withdraw all your money once you turn 18. If this is the right option for you, it's a good idea to have a plan for how you’ll use your money.
How can I keep investing my Child Trust Fund money?
That depends on you future plans!
We have two products that both invest in stocks and shares but are designed for different savings goals.
Both are tax-efficient, meaning no matter how much money you make, you won’t pay any tax when you take your money out.
- Our Lifetime ISA could be right for you if you want to invest your money towards buying your first home at some point in the future. It comes with a government bonus, so you'll get a 25% top-up on the money you pay in (you can pay in up to £4,000 each tax year).
- Our Stocks and Shares ISA might be a better fit if you want to put money aside for other future goals, like travelling or starting a business, or you've not yet decided what you'll spend it on but want to give your money the potential to grow.
Once you turn 18, you'll see an option in your online account to simply transfer money from your Child Trust Fund into one of these products.
Our Lifetime ISA and Stocks and Shares ISA both invest your money. It's worth remembering that the value can therefore fall as well as rise. This is normal for this type of investment, but you could get back less than has been put in if you withdraw at a time when the value is lower.
Your investment options with OneFamily
You'll be able to move money into one, or both, of our ISAs through your online account when your Child Trust Fund matures.
Lifetime ISA - for buying your first home
This could be a good option if you want to save for your first home or keep your money invested until you turn 60.
The government tops up everything you pay into a lifetime ISA by an extra 25%. You can invest up to £4,000 each tax year so that's up to £1,000 extra available! (If you have more than this in your Child Trust Fund, you could put the rest into an ISA and transfer another £4,000 into your Lifetime ISA when the next tax year starts.)
But if you take the money out for anything other than buying your first home, HMRC will charge you a withdrawal penalty fee (unless you’ve turned 60, when you can do what you like with the money), so you need to be sure that's what you'll use the money for.
Stocks and Shares ISA - for investing for your future
If you want to put some money aside for university, travelling, or simply for keeping your options open, our Stocks and Shares ISA might be right for you.
Our Stocks and Shares ISA is a straightforward way to start investing as all you need to do is choose which of our three funds you'd like to invest in.
Unlike a lifetime ISA, the government doesn’t top-up the money you pay into this type of ISA, but you're not limited to using the money for a house deposit. There's no withdrawal fee for taking money out at any time.
Ready to make your choice?
Register or log into your online account to let us know what you’d like to do.
If you want to withdraw some, or all, of the money in your Child Trust Fund you can choose to do this by bank transfer or by asking us to post you a cheque.
I’m not yet 18
Sit tight for now.
If you’re 16 or over, you can register for an online account so you’re ready to go as soon as you do turn 18.
I’m 18 but haven’t got an online account
It’s easy to register, you just need your name, date-of-birth and National Insurance number.
I’m 18 and have an online account
Log in and let us know what you’d like to do with your money. If you’re not decided, don’t worry – you can leave your money where it is while you give it some thought.
