Managing the account

If you바카라 사이트™re the main contact for the Child Trust Fund account you바카라 사이트™re called the 바카라 사이트˜registered contact바카라 사이트™. 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

You바카라 사이트™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 Child Trust Fund provider to do this.

Moving to a different account

You can transfer a Child Trust Fund account to a Junior ISA. Contact a Junior ISA provider to do this.

Records you need to keep

Keep the following paperwork:

  • your child바카라 사이트™s Unique Reference Number (you바카라 사이트™ll find this on your annual Child Trust Fund 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 Child Trust Fund provider can tell you how to change the registered contact of a Child Trust Fund account.

When your child is 16

Once your child turns 16, they can either:

  • take over the account by contacting the Child Trust Fund provider
  • leave you in charge of the account