2. Managing the account

If you’re the main contact for the Child Trust Fund (CTF) account you’re called the ‘registered contact’. You have certain responsibilities until the child turns 18, or until the child takes control of their own account.

Your responsibilities as the registered contact

You’re the only person who can:

  • tell the account provider how to invest the fund and run the account
  • change the address and other personal details
  • change the type of account, for example from cash to stocks and shares
  • move the account to another provider

Contact your CTF provider to do this.

Moving to a different account

You can transfer a CTF account to a Junior ISA. Contact a Junior ISA provider to do this.

Records you need to keep

Keep the following paperwork:

  • your child’s Unique Reference Number (you’ll find this on your annual CTF statement)
  • the account statements
  • details of the account type and the provider

Change a registered contact

You can change the registered contact to someone with parental responsibility for the child, like a parent, step-parent or legal guardian if both parties agree to this.

Your CTF provider can tell you how to change the registered contact of a CTF account.

When your child is 16 or 18

Once your child turns 16, they can either:

  • take over the account by contacting the CTF provider
  • leave you in charge of the account

When the child turns 18, they take over the account and can take out the money.