Child Trust Fund maturity

What can I do with my Child Trust Fund?

As you approach your 18th birthday, you will need to complete and send us a Child Trust Fund (CTF) - Maturity Option Form to let us know what you wish to do with your account. If you do nothing, the account will automatically become a Protected ISA.

Your options are:

  • Convert to a Self-select Stocks & Shares ISA
  • Convert to a Ready-made ISA
  • Close the CTF account, sell the shares and withdraw the funds to your bank account

Details of these accounts can be found on the Maturity Option Form, or you can check the FAQs below.

If you haven’t received the Maturity Option Form, please get in touch with our Customer Service team.

Phone: 01296 41 41 41 (8:00am - 4:30pm weekdays)
Write: The Share Centre, PO Box 2000, Aylesbury, Bucks. HP21 8ZB

I’ve received my letter and form, what are the next steps?

Once you’ve received your letter, please complete the form and return it to us in the pre-paid envelope provided. We’ll also need to verify your identity so please provide two original forms of identification. The letter will include details of which kinds of identification we can accept.

If we do not hear from you by your 18th birthday, your CTF will automatically convert into a Protected ISA. This will continue to be a tax-efficient account, but you won’t be able buy or sell investments or pay in and withdraw money until you have confirmed what you wish to do with your account.

What is a Self-select Stocks & Shares ISA?

A Self-select Stocks & Shares ISA allows you to invest in the stock market in a tax-efficient wrapper, meaning you won’t pay any Capital Gains or Income tax on any profits. You can invest in shares, funds, investment trusts, bonds, gilts and ETFs, amongst other things.

You can choose what you invest in, how frequently you put money in and how much you invest, up to an ISA limit of £20,000 for this tax year (2020/2021). Any funds already in the CTF will not count towards the current year subscription limit.

Be aware that the value of shares or your income from them can go down as well as up and you may not get back the original amount you invested.

What is a Ready-made ISA?

If you're less experienced in investing or are happy to leave the investment decision-making to the experts, you can choose a Ready-made ISA. The Share Centre offer three ES Share Centre Multi Manager funds, each with different objectives: :

  • ES Share Centre Multi Manager Income Fund
  • ES Share Centre Multi Manager Growth & Income Fund
  • ES Share Centre Multi Manager Growth Fund

Simply choose which account suits your investment aims and let the experts invest your money for you. Any funds already in the CTF will not count towards the current year subscription limit.

Please remember the value of your investments can fall as well as rise and you may get back less than you invested.

What is a Protected ISA account?

If we do not hear from you by your 18th birthday, your Child Trust Fund at The Share Centre will automatically convert into a tax advantaged ‘mature account’ called a Protected ISA. Money and investments in the Protected ISA will retain their tax advantaged status, and the terms and conditions (including all charges) which applied before maturity will still be in place. However, you won’t be able to buy or sell investments, or pay in and withdraw money until you’ve confirmed what you’d like to do with the account.

Can my parent or guardian still control my CTF account?

On your 18th birthday you will get full access and ownership of the account. At this point, the parent or guardian who set up the account will no longer have any control over it, meaning it’s your decision whether to continue to invest and save, or withdraw and spend.

Why was a Child Trust Fund opened for me?

Child Trust Funds are long term tax-free children’s saving accounts set up by the government to help make sure that every child that qualifies arrives at adulthood with a savings account.

HM Revenue & Customs (HMRC) sent the parents or guardians with parental responsibility of children born between 1 September 2002 and 2 January 2011 a starting payment voucher. These vouchers were worth between £50 and £250 depending on when the child became eligible. These vouchers could be used to open a Child Trust Fund account in the child’s name. If the voucher provided to the parents or guardians was not registered with a CTF provider within one year of being issued, the HMRC randomly allocated these accounts to providers like The Share Centre.

I don’t know if I have a Child Trust Fund, how do I find mine?

It’s possible that a CTF was set up in your name that your parent or guardian doesn't know about. If you and your family don't have any information about your CTF, you are not alone. According to the charity The Share Foundation, approximately one million people have a CTF without knowing it.

To locate your CTF, you will need to complete these three simple steps:

  1. Go to The Share Foundation website and complete this form.
  2. Fill in the details of the child who may hold the CTF and click 'Register'.
  3. Once you have submitted the form, print it, sign it and send it to the address provided. The search can only be made when the signed paper form has been received.

Once The Share Foundation has received your signed form through the post, they’ll forward it to a special department at HM Revenue & Customs. When they find which account provider your account is with, they'll write to you directly, and let Share Foundation know. You can then contact your CTF provider directly to get up-to-date information and access to your CTF.

If you have any queries, just phone The Share Foundation on 01296 310400 or email findCTF@sharefound.org

Please note: there is no charge for using this service.

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Please get in touch with our Customer Service team.

Contact us


Phone: 
01296 41 41 41 (8:00am-6:00pm weekdays)

Write: The Share Centre, PO Box 2000, Aylesbury, Bucks. HP21 8ZB