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We’re currently processing valuations in preparation for our final customers moving to interactive investor. This means you will not be able to sign into your account. We thank you for your support and wish you well with your future investments.

Your future with Killik & Co

Your Child Trust Fund or Protected ISA has moved to a new manager.

In July 2020, The Share Centre became part of interactive investor. They do not offer Child Trust Funds or Protected ISAs, so interactive investor have taken the decision to move the administration and management of your account to Killik & Co.

What is happening?

  • On 26 July 2021 we wrote to you to explain what will be happening.
  • From the 11 September 2021, your account will move from The Share Centre to Killik & Co.
  • If you have a Stakeholder CTF or a Protected ISA (which has matured from a Stakeholder CTF), your account has already moved to another provider.

About Killik & Co

Founded in Chelsea in 1989, Killik & Co set out to make the benefits of investing available to everyone. Through an expert team of Advisers, they offer wealth planning, advisory and discretionary investment management services to individuals, families and businesses.

Award-winning services

Killik & Co endeavour to deliver the very best service in all that they do, and over the years, they have received an array of awards and accolades recognising their achievements. Amongst many others, these include:

  • Best Junior ISA Provider (City of London Wealth Management Awards 2019 and 2020)
  • Wealth Manager of the Year (2019, 2017, 2015, 2014) Financial Times & Investors Chronicle awards
  • Best Discretionary / Advisory Wealth Manager (2019, 2018, 2017, 2015) and top rated in 2020
  • Best Full SIPP provider (2019, 2018, 2017, 2015) and top rated in 2020.

How they work

  • They have a total of eight branches located throughout London, including their head office in Mayfair
  • Their services cover every aspect of your financial life. From saving and investing for your children, to retirement and legacy planning, to personal tax, trusts and even wills
  • Unbiased investment expertise is backed-up by a dedicated team of in-house investment analysts
  • And they also offer an entirely app based service, SILO. Award-winning investment expertise and access to your savings 24:7, all from the palm of your hand.

Step by step guide

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Date
Information
26 July 2021 We wrote to you with details about the move.
16 August 2021 Your last Direct Debit will be taken if you have an instruction set up.
27 August 2021 If you wish to move to a new provider, this is the day we need to have received your instructions from them.
7 September 2021 The last day that you can make a debit card payment into your account.
9 September 2021 The last day that you can let us know your maturity instruction if you have a Protected ISA.
11 September 2021 We'll start to move your account to Killik & Co.

Questions & answers

There are two types of Child Trust Fund:

  • Non-Stakeholder accounts -  We refer to these as Child Investment Accounts. They are not bound by the additional conditions, so may have a wider ranging investment range, a different fee structure, higher minimum subscription amounts, and potentially more restricted methods of making payments.
  • Stakeholder accounts - We refer to these as CTF Stakeholder Accounts or CTF(RAA)-Stakeholder Accounts. These accounts follow rules set out by the Government; There are limits on the type of investments that can be held. The maximum annual charge is 1.5% per year (including fund charges). There are minimum subscription amounts and permitted methods of payment. These rules mean accounts are comparable between providers.

When the account holder becomes 18, the CTF will mature into a Protected ISA until further instructions are received from the account holder.

Killik & Co only offer Non-stakeholder CTF products. Therefore, only these account types will be moving to this new manager.

Child Trust Funds are a type of tax efficient savings account, designed to provide children with a financial boost once they reached 18. The scheme entitled every UK resident born between 1 September 2002 and 2 January 2011 to receive a voucher from the government to pay into an account. When the child turns 18, it will provide them with a cash lump sum or investment portfolio, free of tax.

If the voucher was not redeemed, accounts were automatically assigned to providers like The Share Centre in order to invest the voucher and look after the assets. 

Depending on your method of payment, you can make contributions to the account up until 9 September 2021. 

We need to have received instructions from your chosen provider by 27 August 2021. It may take up to 30 days to complete a transfer.

Any investments you hold must be transferred out by 27 September 2021. If it is not completed by this date, we will convert your investments to cash and send the proceeds to the new provider.

Child Trust Fund accounts cannot be sold or withdrawn from until the named account holder reaches the age of 18. 

We need to have received the transfer request and all the relevant information from your new chosen provider by 27 August 2021, or your account will be moved to Killik & Co. If this cut off is missed for any reason, you will be able to request a transfer out from Killik & Co after 13 September 2021.

On your 18th birthday, your Child Trust Fund will have matured into a Protected ISA, retaining the tax-efficient wrapper. We will have written to you prior to your birthday to request instruction on what you want to do with your account, but have yet to hear back from you.

If you want to learn more about your options visit our help page.

You may have already received correspondence from us about the maturity of your CTF account. If it is due to mature prior to moving to Killik & Co on 11 September 2021, your maturity instruction must be received by The Share Centre on or before 9 September. If no maturity instruction is received the account will be moved to Killik & Co.

If you want to learn more about your options visit our help page.

As your account will mature after the moving date you will need to give your maturity instructions to Killik & Co. The details of how you can give these instructions will be provided by Killik & Co who will contact you with the options available for the account.