When your child trust fund (CTF) or junior ISA (JISA) matures at 18, you have the option to reinvest some – or all – of your money to kickstart your future.
Find out about two types of adult ISA we offer below and how to choose the investment style that's right for you. Once you turn 18, you'll be able to easily move your money into one or both of our ISAs simply by logging into your online account.
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 or Junior ISA 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!
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, an 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.
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.
How to pick the investment style that’s right for you
When you open our Lifetime ISA or Stocks and Shares ISA we’ll ask you to choose an investment style: 'cautious', 'balanced' or 'adventurous'. The style you pick will decide which fund your money will be invested in.
If you’re not sure what this means, don’t panic! Simply put, each investment style is based on a different level of risk. So the style you choose will depend on how much risk you’re comfortable taking with your money.
- Cautious - Invests in a fund called ‘OneFamily Global Select 35% Shares’. With this fund, more of your money is invested in lower risk assets.
- Balanced – Invests in a fund called ‘OneFamily Global Select 65% Shares’. With this fund, more of your money is invested in higher risk assets – but some is also invested in lower-risk assets to balance the risk.
- Adventurous – Invests in a fund called ‘OneFamily Global Select 100% Shares’. With this fund, all of your money is invested in higher-risk assets.
With higher-risk assets there’s more potential for your money to grow, but they also have higher potential to go up and down in value (which is why they’re higher-risk).
On the other hand, lower-risk assets have a more modest potential for growth – but come with more moderate ups and downs in value.
What is 'risk' in investing?
When we talk about risk, we're referring to the risk of getting back less money than you pay in. If an investment is 'riskier', then there's a greater possibility of the value going down.
If you withdraw your money at a time when the value of your investments is lower, you could get back less than you put in.
But often the investments that are riskier have more growth potential, meaning they could make more money than lower risk options. Nothing is guaranteed of course, but it's worth keeping that in mind.
Climate-focused investing
All three of the funds you can invest in take steps to reduce how much they invest in companies harming the environment, and they're more likely to invest in companies that are climate-focused. We select investments using climate-focused criteria.
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 Junior ISA or Child Trust Fund, you can request a bank transfer or a cheque in the post.
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.
