Home > Child Trust Fund > The next steps for your Child Trust Fund

What's next for your Child Trust Fund money?

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.

What are my choices?

Broadly speaking, you'll have three options:

The here-and-now option
Take all your money out now to spend how you like. You'll be able to ask us to send you a cheque or go down the bank transfer route.

The happy medium option
Keep some money invested, but give yourself permission to spend some of it now. You'll be able to select how much to withdraw and we'll help you move the rest to an adult account.

The future-planning option
Resist temptation and invest all your money for a future goal, such as setting up a business or buying your first home. You'll see an option to transfer your money to an adult account once you turn 18.

We can’t tell you how best to spend your money, but we can let you know your options when it comes to investing.


How can I invest my Child Trust Fund money?

If the happy medium or future-planning options sound good to you, we make it easy to transfer some, or all, of your Child Trust Fund money into our Stocks and Shares ISA or Lifetime ISA.

Both are tax-efficient, meaning no matter how much money you make you won’t pay any tax, and they both invest in climate-friendly funds. Win-win.

Our ISA and Lifetime ISA both invest in stocks and shares, rather than holding your money in cash, which means there’s good potential for your money to grow over the long-term but there is a risk the value could go down.

Once you turn 18, you'll see an option in your online account to simply transfer your money into one of these accounts. Find out more about both options below.

Your investment options with OneFamily

Save for your first home with our Lifetime ISA

This could be a good option if you want to save for your first home as the government will pay in an extra 25% of everything you save in a lifetime ISA!

You are limited to investing no more than £4,000 in a tax year and if you take the money out for anything other than buying your first home, HMRC will charge you a withdrawal fee (unless you’ve turned 60, when you can do what you like with the money).

For this reason, you should be certain that at some point you'll want to buy a home – even if that's not for a while.

There are a few rules to be aware of! Take a look at our lifetime ISA page to find out if this is the option for you.

Save for anything else with our Stocks and Shares ISA

The government doesn’t top-up money you save in an ISA sadly, but you can take your money out for anything without paying a withdrawal fee.

So, if your current goal is to save for anything other than your first home, such as putting money aside for university, for setting up a future business or simply for keeping your options open, an ISA might be better suited to you.

As our ISA invests in stocks and shares, there's good potential for your money to out-grow cash savings over the long-term, but there is a risk that the value could go down.

It's worth remembering that the value of stocks and shares can fall as well as rise. This is normal for this type of investment, but you could get back less than has been paid in.

Stocks and Shares ISA vs. Lifetime ISA

Not sure which is most suitable for you? Our video demystifies your options.

Stocks & Shares ISA vs Lifetime ISA

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.

Log in