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Child Trust Fund - Terms and Conditions

In the table below are links to the latest versions of our Child Trust Fund (CTF) Terms and Conditions (T&Cs), including those that will apply after the 'child' turns 18, which is when the account becomes a Matured CTF.

If you're not sure which T&Cs relate to your account, check your annual statement to find the name of the fund your CTF is invested in. You can also find out by logging in or registering for an online account. The fund names are shown in the table below.

If you have a Cash CTF, your money won't be invested in a fund, instead you'll receive interest on your savings. The Cash CTF T&Cs can also be found in the below table.

For post-18 T&Cs, we've mainly focused on the parts that are new or will change when the account becomes a Matured CTF. For anything that isn't included in the Matured CTF T&Cs, you should refer to the pre-18 T&Cs for your fund.

For a summary of some of the key changes that will happen when the child turns 18 and the account becomes a Matured CTF, see the information below the table.

		Child Trust Fund	Matured Child Trust Fund
Product name	Fund name	T&Cs (Pre-18)	T&Cs (Post-18)
OneFamily CTF	Family Investments Child Trust Fund Family Charities Ethical Trust OneFamily Stockmarket 100 Trust (ex-Engage Mutual)	Download T&Cs	Download Changes at 18
Santander CTF	Santander International Multi Index Fund	Download T&Cs
UK Equity CTF (ex-Legal and General)	Legal and General (N) Tracker Trust	Download T&Cs
Barclays CTF	Barclays PROSPER	Download T&Cs
Cash CTF (ex-Santander)	Not applicable as not invested in a fund, this CTF pays a rate of interest	Download T&Cs	Download Changes at 18

Changes at 18

When you turn 18, your CTF will automatically become a Matured CTF.

While most things will stay the same as before your birthday, there are some things that have to change. Below are some of the key differences.

Account ownership and making payments

If you haven't already, you'll automatically take control of your account when you turn 18. That means we won't be able to discuss the account with the previous Registered Contact on the CTF (this is most likely to have been your parent or person with parental responsibility).
Any regular direct debit payments that were being made into the CTF will automatically stop. This is because no payments are allowed once it becomes a Matured CTF. Any other payments will also be rejected.

Changes to interest rates (affects cash CTFs only)

Changes to stakeholder requirements (affects Stakeholder (stocks and shares) CTFs only)

Your account will no longer be subject to the Government Stakeholder CTF stipulations.

This will mean that there will no longer be a 1.50% charge cap and some of the criteria about how we can invest your money will be removed.

We currently have no plans to increase charges and your investment will stay the same as it was before your 18th birthday – we will let you know in advance if this changes.

Deciding what to do next with your Matured CTF

As the new owner of the account, you'll be able to tell us what you'd like to do with your investment by sending us an instruction, for example to transfer your money to an ISA. Your options will be explained to you in a separate communication before your birthday and when you register for an online account. You can give us an instruction by logging into your online account.
Your options will be:
- to continue saving by moving to an ISA or to a Lifetime ISA,
- to take the money out,
- or a combination of the two: take some money out and save the rest.
It can take a little time to process your instructions – you can see how long each option will take by reading the 'Changes at 18' document at the top of this page.
If you'd like to take the money out, we'll need to make sure it’s you. We'll ask you to provide ID – in most cases this can be carried out online using a mobile app from our partner Yoti.
If this isn't possible, we may need to use other methods to identify you such as asking you to send us copies of documents in the post.
If you aren’t ready to make a choice, then the Matured CTF will stay where it is until you are ready. We'll provide you with a statement each year which you can find in your online account.

Register for an online account to see the current value of your CTF and let us know what you'd like to do next.